Synthetic Identity Fraud is a New Worry for Credit Unions

Jack Lynch, Chief Risk Officer, PSCU in a article, writes that large scale (synthetic) identity fraud is now becoming a major concern and losses could be even worse than from the present identity theft scams of today. Credit unions need to have adequate fraud-loss minimization policies and procedures in place that address the on-going fight against fraudsters.

TCT Risk Solutions provides Compliance and Policy Preparation services that aid small credit unions in meeting regulatory compliance issues and help draft effective policies.