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Stan Cowan

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Stan Cowan

Why Credit Unions Should Integrate with an Omnichannel Fraud Solution

The battle against fraud in this evolving digital world is never-ending.There’s this so-called “squeezing a balloon effect” in the area of fraud among financial institutions — and credit unions are no exception. In the global landscape, financial institutions including credit unions should expect the unexpected. The battle against fraud in this ev...

07 October 2022 /identity /crime Financial Risk Management

Stan Cowan

How Fraud Results in Customer Churn

Today’s financial landscape has been fraught with numerous issues such as data breaches, cyberattacks, identity theft, and credit card fraud. Experts believe that these issues contribute to fraudulent transactions and, if not mitigated, will lead to customer churn and further business loss. According to a Carnegie Mellon University study, customer...

06 October 2022 /identity /crime Digital Banking Trends

Stan Cowan

Synthetic Identity Fraud - The Fastest Growing Financial Crime

While identity theft has been in the modern lexicon for decades, a newer, more insidious and faster-growing variant of identity fraud is taking hold in the U.S.—and it’s costing U.S. financial institutions billions of dollars and keeping fraud executives awake at night. Unlike traditional identity theft where an unwitting victim’s financial identi...

05 October 2022 /security /crime Financial Risk Management

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Stan writes about

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Stan's opinion archive

  • 2023 (5)
  • 2022 (13)
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