- Technology - much more than process efficiency
- Thought leadership
- Start 2025 on a strong foundation to prevent fraud in the credit union sector
Start 2025 on a strong foundation to prevent fraud in the credit union sector
Discover...
A Glimpse into the Past
This report highlights the top fraud trends of 2024, exploring the new challenges and risks that the evolving digital fraud landscape poses for Canadian credit unions.
How to Prevent Fraud in 2025
Strategic solutions can be implemented to avoid and prevent these types of fraud, such as AI and education.
Let’s explore what they are!
The Future of Fraud Prevention
Credit unions need to be more aware of emerging threats to prepare accordingly, while investments in cybersecurity and regulatory compliance will help them build trust and resilience in an evolving digital world.
Our Financial Services Experts, Mauricio Deutsch and Bhuvan Anand, present this report to enhance your understanding of staying alert in today's digital landscape.
This report explains how to prevent these key fraud trends.
1. Authorized Push Payment (APP) Fraud
Victims are tricked into sending money to fraudsters, often through social engineering.
2. Synthetic Identity & SIM Swap Fraud
Criminals create fake identities or hijack phone numbers to bypass security and access accounts.
3. AI-Driven Scams & Deepfakes
Scammers use generative AI and deepfake technology to impersonate trusted individuals or automate phishing.
4.Real-Time & Cross-Border Payment Fraud
Instant and international payments increase exposure to fast-moving, hard-to-trace fraud.
