Fraud Fusion Webinar: Uniting Teams to Tackle the Growing Threat of Cyber Fraud

The data is clear:  Cyber fraud is a growing risk for banks and credit unions. According to the 2023 LexisNexis® True Cost of Fraud^TM study, successful fraudulent transactions in U.S. financial institutions increased by 58% between 2022 and 2023. And with cyber criminals just beginning to leverage AI to make their attacks even more sophisticated, this trend will only get worse.

But there is hope in the fight against cyber fraud! Proactive financial institutions are bringing together teams from infosec and fraud to exchange information and develop new approaches to fight fraud. Referred to as “fraud fusion centers,” this collaborative approach is already delivering results and promises to help banks and credit unions turn the tide against cyber fraud. A 2023 Gartner® report states directly that “Security-Cyber-Fraud Fusion Is the Future of Online Fraud Detection” for financial institutions. 

Join our upcoming Fraud Fusion webinar where InfoSec and fraud leaders including Aaron Robel, VP of Information Security at Washington State Employees' Credit Union, Rich Friedberg, CISO at Live Oak Bank and Benjamin Ragan, SVP Enterprise Risk at Listerhill Credit Union will share their experiences and strategies for uniting teams to combat cyber fraud and manage cyber risk throughout their financial institution.