Time
2:00 PM - 3:30 PM
Greg Lenihan
Name
Why Today's Fraud Solutions Don't Work, and What Credit Unions Need to Do to Protect Members
Description

Fraud is at an all-time high. According to the FTC, reported fraud losses have increased more than 40% over the last two years, and nearly half of fraud attempts on financial institutions are now AI-driven. New scams emerge every day, triggering fresh waves of loss. 

In this session, we'll explore: 

  • Why today's fraud solutions miss the mark
  • Why your processor isn't always your friend, but it can be
  • Effective ways credit unions can prevent fraud
  • How credit unions can build a cooperative framework to prevent future fraud 
Track
Fraud