Identity theft

Banks have to do a better job of protecting personal information about their customers' children.

Banks have to do a better job of protecting personal information about their customers' children.

As strategic planning season kicks off, credit union boards and executives must consider whether they’re doing enough to prevent evolving cybersecurity issues, including account takeovers.

Edward Rostohar was arrested after his wife informed authorities he stole from CBS Employees Federal Credit Union and was preparing to flee the country.

Criminals attempted to defraud five credit unions – including two of the nation's largest – of at least $1 million.

Coordinated, shared identity verification and management is certainly attractive, but there is also tremendous risk and potential liability issues, according to Sunil Madhu, founder and chief strategy officer for Socure.