DES MOINES, Iowa–With experts forecasting another major security breach will occur during this holiday season, payments processor The Members Group (TMG) is presenting a complimentary webinar, “Year of the Data Breach in Rewind,” for financial institutions on Dec. 9.
Hosted by TMG Senior Fraud Prevention Analyst Nicole Reyes, the hour-long event will provide insight on how Target and the myriad of breaches since continues to impact credit union and community bank card issuers. Reyes will outline the methods TMG has employed to not only spot, but also predict – and, importantly, stop – attacks on consumer accounts stemming from stolen payment card data, TMG said.
“Card fraudsters are bringing their A game,” said Reyes. “They aren’t just after card data; they’re exploiting any kind of sensitive info they can access. E-mail addresses create more effective phishing campaigns; answers to security questions easily found on social networks can get them access to accounts via call centers. We’re looking at much more than payment fraud, and fortunately, consumers are becoming more aware of that.”
During the webinar, Reyes will also talk about the positive result of increased consumer awareness stemming from data breaches. With a spike in consumer interest in fraud prevention, FIs have a great opportunity to help consumers change risky behaviors. She will share ways FIs can empower consumers to participate in the fight against card and other types of fraud.
Online registration for the webinar is now open at http://bit.ly/targetafter1.
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