Why credit unions should talk the fraud prevention talk

first_imgWhen it comes to how consumers think about where their funds are the safest, large banks can benefit from somewhat of a perception gap. The issue isn’t one of actual capability, but of awareness and communication, according to CO-OP Financial Service’s Head of Security John Buzzard.During the last couple of years, he noted, the industry has really embraced what he called “fraud marketing.” Flip on the television or check out The Wall Street Journal, and one can find all kinds of ads from the biggest banks and players in financial services, loudly touting all the latest and greatest things they are doing to keep their customers safe — like card control products or credit scoring. These things are great and very useful, but because consumers tend to hear about them most vociferously from the big banks, it can be easy to overlook that the largest banks in the country are far from the only players offering these services.“We are doing and offering the same things to credit union members as an industry, but we need to be mindful that we actually have to socialize our members to know this — and know that we are using all kinds of advanced tools to battle against fraudsters,” Buzzard said.Banks and credit unions, from the largest to the smallest, are all facing similar issues these days: a spike in card-not-present (CNP) fraud, an ever-mounting pool of consumer data that bad actors monetize on the dark web. Consumers have a right to be concerned, and have a desire to make sure they are being protected. ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »last_img read more

MLB hot stove: Could Craig Kimbrel be heading for a reunion with the Braves?

first_imgAtlanta is thought to be a team with interest in Kimbrel — who pitched for the team for the first five years of his career — along with the Red Sox, Nationals, Phillies, Twins and another unnamed team.Folks around the game suspect the Braves are lying in the weeds for superstar closer Craig Kimbrel. Other possibilities include Phillies, Nats, Red Sox, Twins, and of course, a mystery team.— Jon Heyman (@JonHeyman) February 1, 2019Kimbrel reportedly wants a deal in the $100-million range, which would make him the highest-paid closer of all time. MLB hot stove: Astros still have interest in bringing Dallas Keuchel back, report says MLB hot stove: Yankees could add one of these two pitchers as starter, report says Atlanta used Arodys Vizcaino as the team’s closer last year and he converted 16 of 18 save opportunities during the regular season.But the Braves struggled across the rest of their bullpen and Vizcaino missed about a month with an injury, as well, so they could use help with depth at the least, and an impact arm like Kimbrel could change the team’s fortunes out of the pen greatly.Kimbrel was the fastest pitcher in MLB history to 300 saves and currently sits 14th all time with 333 in his career.center_img The Braves could use some help in their bullpen and they could go back to the well to shore up some of their problems.Some around MLB are saying the Braves may be “lying in the weeds” in wait for closer Craig Kimbrel who remains unsigned with just a couple of weeks until spring training, according to a report from Fancred Sports. Related Newslast_img read more