As long as we have any kind of plastic payment cards, card fraud is here to stay. Yes, this is and has been our new normal, but how do we stay ahead of it -- until plastic cards eventually go the way of the Betamax? And that's a long way off.
To gain some clarity on this topic, we invited CUNA Mutual Group Senior Consultant Risk & Compliance Solutions Robert Jarosinski, who also happens to be hosting an upcoming webinar on this topic February 22: "Card Fraud Trends Continue to Grow." Some of the items we discussed included:
How to build up your defenses to mitigate card fraud?
What are a couple of primary defenses credit unions can utilize right now?
Why is this so important today?
When will plastic go away so we don't have to worry about this anymore? (new focus on "card not present")
Check it out and let us know your thoughts -- and what you're doing to build up your defenses in this area?
Mike Lawson, Host
Married to a beautiful and wonderful wife, raising 5 kiddos (including twins!), enjoy helping others tell their stories, and love surfing SoCal waves. Keep it simple.