MADISON, Wis. (4/15/10)--Credit unions can learn about current electronic fraud scams impacting them and their members from CUNA Mutual Group’s Discovery Webinar series May 11.
CUNA Mutual Risk Manager Ann Davidson will present “Electronic Fraud in the New Decade--Every Credit Union is at Risk,” from 1:15 p.m. to 2:15 p.m. ET. Electronic fraud has escalated significantly in recent years, resulting in millions of dollars in losses while damaging credit unions’ relationship with their members, CUNA Mutual said. Fraud schemes, which come in many forms, have increased in frequency due to the weak economy and the ever-increasing speed of electronic data systems. It’s vital for credit unions to be aware of the risks they face and how to mitigate them using fraud detection tools, the company said. For more information, use the link. Registration for the webinar ends at 11 a.m. ET May 11.