KY Credit Union League Federal Pac recently issued the following announcement.
Date: Tuesday, September 10, 2019
Time: 2:00 PM - 3:00 PM CDT
Category: Events
Managing the Aftermath of a Data Breach
Tuesday, September 10th at 2:00 PM (CST)
MASSIVE BREACHES CONTINUE TO OCCUR…INCLUDING MARRIOTT, EQUIFAX, UBER AND FACEBOOK.
- Record levels of ID theft in 2018 is still skyrocketing
- 200+% increase in New Account & Account Takeover fraud in past 3 years…it is haunting CU’s across the country.
- Synthetic identity theft is a growing threat to credit unions—costing financial institutions billions of dollars.
- Synthetic-identity fraud was listed as one of the biggest threats facing financial institutions in 2018.
- 19 people per minute are victims of ID theft.
- Increased threats are expected….the breach events are not going to stop.
Original source can be found here
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