Identity theft continues to be a serious problem for the financial services industry; however, there is good news in that the number of victims decreased 28% to 8.1 million according to the 2011 identity theft survey by Javelin Strategy and Research. Losses have also decreased from $56 billion to $37 billion. One explanation for the decrease is the drop in reported data breaches, which involve batches of consumers’ personal information being compromised. However, the information-rich financial services industry continues to be the number one target for data thieves in terms of the number of breaches and the number of compromised records. Credit unions should remain vigilant in protecting against identity theft. This session will include a discussion on the following:
- Identity theft and data breach statistics;
- Key red flags to look for in the new accounts and lending areas;
- Important steps to resolve red flags detected; and,
- Loss case studies
Speaker: Ken Otsuka is a Risk Manager in the Credit Union Protection Risk Management Department for CUNA Mutual Group. In this role, Ken assists credit unions in identifying areas of risk in their operations and recommends best practices to reduce loss exposure. He also provides training for credit union employees. He is based in Chicago, Illinois.
Ken joined Risk Management in 1990 after spending eight years as an auditor at another insurance company.
A graduate of Northern Illinois University, Ken earned a Bachelor’s Degree in accounting and a Certified Public Accountant designation in 1982.
This webinar is being sponsored by Expandachek. The first seven registrants attend for free (limit one registrant per credit union). We have currently reached seven registrants. Pricing will be as follows:
Over $75M: $109 per telephone connection
$7-$75M: $89 per telephone connection
Under $7M: $59 per telephone connection
If your credit union offers share draft accounts to its members, you need a method of processing and delivering items associated with members’ accounts.Expandachek partners your credit union with a superior item processing solution including:
- Check Inclearing
- Deposit Processing
- Remote Deposit Capture (for Branch, Merchant and Member )
- Check Imaging Services (with API for Home Banking Retrieval)
For more information, contact Tammy Wendland at email@example.com.
An audio archive is available at no additional charge and can be accessed for 60 days after the live session. Instructions on accessing the archive will be sent with your connecting instructions and confirmation.
Sorry, no cancellations are allowed after connecting instructions and handout materials have been sent to registrants. Substitutions are welcomed and encouraged.