updated 04/16/13 08:33 AM
Tools to Identify and Mitigate Risk
CUNA Mutual Group expands its Credit Union Protection Resource Center with four new online risk assessments. The purpose of the assessments is to help credit unions identify risk exposure and provide them with mitigation and prevention recommendations.
The new online assessments are:
  • Wire Transfers—Decrease the frequency of unauthorized funds and wire transfer losses stemming from fraudsters finding loopholes in loss prevention efforts.
  • Data Network Security—Increase security and protect against the financial, compliance, and legal risks of data breaches.
  • Internal Controls—Mitigate losses related to employee dishonesty, the largest claims category in terms of dollars paid.
  • Lending Oversight—Prevent loan officers from approving loans outside of established loan policies, creating fraudulent loans and inadvertently granting loans to identity thieves.
Other available online risk assessments also cover check fraud, disaster preparedness, internal controls, and plastic card fraud.
Click here for more information!
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