Key fraud drivers across the industry [Part 1]: Leveraging your data

by The CU Lab

We’re diving into why more data means less fraud and friction for your members, and the most prevalent forms of fraud for your CU to watch out for right now.

Key Takeaways:

  • [03:37] Computing power has really driven the ability of these fraudsters to do these things on a mass scale.
  • [04:01] A robust data strategy pays dividends when it comes to fraud.
  • [09:30] Card not present is a balance between ensuring a frictionless experience for your members but at the same time getting assertive and aggressive with your rules to prevent fraud.

 

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