Fraud – there’s your five letter word for today and inside many credit unions it’s counted as a curse.
Fraud also is in the midst of an AI driven revolution. Fraudsters – just as you are – are harnessing AI tools to get smarter, faster, better.
On the show today is Sara Seguin, principal adviser, fraud and identity risk at Alloy, a provider to more than 500 banks, fintechs and credit unions.
In the show we discuss what’s new in fraud and fraud defenses — and the headline is that 52% of FIs told Alloy that fraud attempts on consumer accounts were up. There’s also sharp growth in fraud regarding business accounts where, often, losses are larger.
