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Entries related to: credit-unions

14 Insanely Simple Ways to Boost Smartphone Security

Where is your smartphone right this second? I'm willing to bet that it's probably within arm's reach. At the very least, I'm guessing it's in the room with you. Smartphone use has skyrocketed over the last few years, and experts predict there will be 1.75 billion smartphone users by the end of the year. 
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How to Stop Fraud with Tamper-Evident Digital Signatures

It seems like we’re always hearing about another business falling victim to tampering or fraud. It’s easy to focus on outside threats, but don’t ignore the people on your payroll. Just last week, the SEC fined Wells Fargo $5 million for a case where one of their employees tampered with a document. The employee was fired, but the financial damage was already done.
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Mobile Payments: Are You Ready for the Revolution?

Your list of issues for consideration in strategic discussion is probably long. It might include declining non-interest income, potential margin squeeze as market interest rates rise and liabilities reprice faster than assets, mining loan demand from aging members and attracting younger members to fuel future growth. It's time to add another item to the list—a disruptive force that's coming to the payments arena. Will Your Next Credit Card be a Phone? In case you haven’t heard, Apple introduced its latest iPhone in mid-September. The new devices, which come in regular and super-sized versions, reportedly have a faster processor, longer battery life, a better camera and visual display. But forget about all of that, because you need to know about a game-changing mobile wallet called “Apple Pay.” Think Apple Pay isn't a big deal? Think about how many of your members (and their children) have an iPhone. How many people actually have a camera that is NOT a part of their phone? Find someone from Kodak and ask about digital photography or a Blockbuster employee who still thinks streaming video is not a threat. But Apple Pay isn't the only game in Payments Town. There's also EMV (Euro MasterCard VISA), the little chips that are going to replace magnetic stripes on all forms of plastic cards, saving us from “card present” transaction fraud. For “card not present”—like those late night purchases from Amazon and Zappos—tokenization promises to foil fraudsters.
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[Infographic] 5 Scariest Data Breaches of All Time

You’ve probably heard about the Target data breach that compromised millions of customers’ credit card numbers and personal information in 2013. You’ve probably also heard about the recent Home Depot data breach. But you might be surprised to find out that neither of those breaches are the largest in recent history.  In honor of Halloween, we’ve compiled a list of the 5 Scariest Data Breaches of all time based on the number of people affected and the cost to the company responsible for the breach.
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When Should You Add New Policies at Your Credit Union?

In Compliance Land, a question that keeps resurfacing is, “When do I need a policy (or when do I need to write a policy)?” Most people that ask this question are hoping to hear that they have sufficient policies and can give it a rest. Unfortunately, no one rests in Compliance Land.
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4 Things Your Clients Need to Know About Digital Signatures

It’s easy to see the benefits of digital signatures for financial advisors. Broker-dealers and RIAs can save time and money. A lot of financial clients are tired of paper-based processes. Many tech-savvy clients expect to be able to access services anytime and on any device.
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SEC Fines Wells Fargo $5M in Document Tampering Case

Yesterday, the Securities and Exchange Commission charged former Wells Fargo Advisors compliance officer Judy K. Wolf with document tampering before giving it to the SEC during an investigation.
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The Common Sense Guide to Casual Fridays

As an employee, I always look forward to Fridays.  There's just something about the anticipation of having some time off to do whatever or nothing at all.
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7 Steps to Strengthen Your Credit Union's Board

Strengthening a board is not something you do once a year. It's a never ending task. It's like being a parent. You are never done being a parent, and you are never done strengthening a credit union board. The board building cycle consists of seven steps — however there is no start or finish. It's a circle, and you can start anywhere.
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Next Round of HIPAA Audits Scheduled for Early 2015

While the second round of HIPAA audits might not be here as soon as expected, they’re coming soon. And it’s important to comply since there’s a good chance that some audits will carry financial penalties, according to the HHS Office for Civial Rights (OCR).
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