September 12, 2024

Complete NAFCU Credit Union Compliance Advertising Guide

June 21, 2024 Add to Calendar 2024-06-21 09:00:00 2024-06-21 09:00:00 2024 Mid-Year Fraud Review Listen On: Key Takeaways: [01:16] Check fraud continues to be rampant across the country. Card fraud is affecting everyone. [04:31] Counterfeit US passport cards are just another new toolbox in the bad actors’ toolbox. [07:21] Blocking the fallback is the only way to defeat counterfeit cards. [11:17] The best way is constant education to your members in as many channels as you can. [13:02] We are still seeing overdraft lawsuits. Make sure the programming you have at your credit union matches what you have displayed for the members. Web NAFCU digital@nafcu.org America/New_York public

2024 Mid-Year Fraud Review

Strategy & Growth, Consumer Lending

June 21, 2024 Add to Calendar 2024-06-21 09:00:00 2024-06-21 09:00:00 The Evolving Role of the CISO in Credit Unions Listen On: Key Takeaways: [01:30] Being able to properly implement risk management decisions, especially in the cyber age we live in, is incredibly important so CISOs have a lot of challenges here. [02:27] Having a leader who can really communicate cyber risks and understand how ready that institution is to deal with cyber events is incredibly important. [05:36] We need to be talking about risk openly. We need to be documenting and really understanding what remediating risk looks like and how you do that strategically.   [16:38] Governance, risk, compliance, and adherence to regulatory controls are all being looked at much more closely. You are also seeing other technology that is coming into the fold directly responsible for helping CISOs navigate those waters.  [18:28] The reaction from the governing bodies is directly related to the needs of the position. They’re trying to help make sure that we are positioned in a way that gets us the most possibility of success, maturing our postures and protecting the institutions. Web NAFCU digital@nafcu.org America/New_York public

The Evolving Role of the CISO in Credit Unions

Cybersecurity

June 13, 2024 Add to Calendar 2024-06-13 09:00:00 2024-06-13 09:00:00 Democratizing AI-Powerful Regulatory Compliance for Every Financial Institution  Listen On: Key Takeaways: [02:11] One of the interesting components of a survey that Wolters Kluwer did last year was that 57% of our respondents reported that growing levels of regulatory scrutiny were a key worry for them. [04:01] Naturalized word processing and machine learning all have been in our lives but they have also been used in regulatory compliance for many years.  [11:09] Augmented intelligence is using AI to automate tasks that are simple tasks to do. [16:37] Volumes and expectations are increasing. AI is fast-moving. It is super attractive but it must be used correctly.     Web NAFCU digital@nafcu.org America/New_York public

Democratizing AI-Powerful Regulatory Compliance for Every Financial Institution 

Compliance