Sign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York A severed arm was found on a side street near downtown Hempstead, 22 miles from where a partially dismembered woman’s body was found in Bay Shore a day earlier, police said.Hempstead village police confirmed that a 911 caller reported discovering the arm outside of their Webb Avenue home near the corner of Washington Street shortly after 2 p.m. Wednesday.“The body part was removed to the Nassau County Medical Examiner’s office for further examination,” Suffolk County police, who crossed into Nassau to join the investigation, said in a statement.It is unclear if the arm is from the unidentified dead woman’s dismembered body that was found in a vacant lot on the corner of Maple Avenue and Gibson Street by two people walking to the Fire Island ferry terminal on Tuesday morning. Suffolk medical examiners are conducting an autopsy to determine the woman’s identity and cause of death.Suffolk police said their homicide squad detectives responded to the scene in Hempstead along with their Nassau County police counterparts. Nassau police declined to comment.After the first discovery, Suffolk police said in a statement that they dispatched K-9 units to search the Gilgo Beach area “in the interest of being thorough.” But, they said that “there are no known links between the partially dismembered body found in Bay Shore … and the Gilgo Beach murders.”A total of 11 sets of human remains were found in a year between Jones and Oak beaches after police uncovered the bodies of the first four, who investigators have said they believe to be the victims of a serial killer, in December 2010. Only half of the remains have been identified and no suspects have been named.Homicide Squad detectives are continuing the investigations. Suffolk police ask anyone with information on the Bay Shore or Gilgo cases to call them at 631-852-6392 or Crime Stoppers at 1-800-220-TIPS. All calls will be kept confidential.
When 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 »
ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading » Every state banker association is asking congressional tax-writing committees to examine whether credit unions still should be exempt from filing federal tax documents detailing their activities.The 50 state associations and one representing Puerto Rico also asked the committees to investigate whether the NCUA is “promoting policies that make the industry less safe, less sound, more bifurcated, and less directed toward its statutory mission to serve consumers of ‘small means.’”“Many credit unions know that the equality-essential mission is increasingly just rhetoric, despite it being baked into the law and a primary reason for both advantageous regulation and an income tax exemption,” the banking groups wrote, in asking Congress to decide whether credit unions should be exempt from filing so-called “Form 990.”And they attached a copy of a controversial study by Federal Financial Analytics that questioned whether credit unions have blurred the lines between banks and credit unions. And the study, which was financed by the American Bankers Association, questioned whether credit unions continue to fulfill their mission.
continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr The tech revolution in financial services continues to evolve, coaxing organizations to change and grow along with it. The new year and decade will present the industry with fresh challenges and greater opportunities.What tech trends should you keep your eye on in 2020? We have five thoughts and a suggestion for how to tie it all together.1. The Transformation Of Digital Transformation A renewed focus on customer experience has changed the digital transformation conversation. While digital transformation once defined the evolution of business processes from manual and paper-based to electronic, the term has now become the foundation for the modern customer experience.