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News
Hackers Drain $320 Million From Liquid Network In Massive Crypto Heist
5+ day, 6+ hour ago (214+ words) CU Today MENLO PARK, Calif.--Hackers siphoned roughly $320 million from the Liquid Network blockchain in the latest major cryptocurrency theft, with the attackers claiming to be âÂÂwhite-hat hackersâ who intend to return the funds once a security…...
153 Million Driver???s Licenses For Sale On Dark Web As FBI Investigates
6+ day, 16+ hour ago (299+ words) 153 Million Driver’s Licenses For Sale On Dark Web As FBI Investigates CU Today NEW ORLEANSâÂÂThe FBI is investigating a dark web identity theft service that claimed to be selling more than 153 million U.S and Canadian driverâÂÂ…...
Fraud Prevention Is Becoming A Growth Strategy As Card Issuers Prepare For AI Commerce
1+ week, 6+ day ago (271+ words) NEW YORK--Fraud prevention is undergoing a fundamental shift at U.S. card issuers: What was traditionally viewed as a cost center is increasingly being treated as a way to keep cardholders, build trust and ultimately generate more revenue from those relationships....
Velera Releases New Playbook To Help Credit Unions Manage Consumer-Engaged Fraud
3+ week, 2+ day ago (310+ words) CUToday TAMPA--Velera Thursday announced the release of its Consumer-Engaged Fraud Case Management Playbook.Designed to help credit unions navigate complex consumer-engaged fraud cases, the resource provides a practical framework for investigating claims, making informed filing decisions and reducing chargeback…...
Member Says Fraudsters Drained $42,000???And VyStar Should Have Stopped It
3+ week, 3+ day ago (296+ words) Member Says Fraudsters Drained $42,000—And VyStar Should Have Stopped It CUToday JACKSONVILLE, Fla.--A Jacksonville woman has sued $14.2-billion VyStar Credit Union, alleging it failed to properly investigate and reimburse approximately $42,000 stolen from her accounts after fraudsters impersonated the credit…...