Using Data and Analytics to Fight Fraud

As financial institutions enhance the data they are willing to apply toward helping alleviate fraudulent activity, it could have a game-changing impact in the fight against fraud.

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Fraud still poses a very real threat to financial institutions and businesses because, in most cases, they bear the majority of the financial burden.

Lawmakers have recently passed legislation designed to detect and protect consumers, businesses and financial institutions from a multitude of fraud schemes, but are laws alone enough to contain the rising threat of fraud?

Does your CU lean on laws to help protect against fraud? Read the article to see what the author of this article has to say.