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|The Pulse (04-11-2017)|
Volume 6, Issue 15
Join Senator Al Franken for the Advancing Career Pathways Summit
Next week, Senator Al Franken will be holding a Career Pathways Summit. The event will take place on Monday, April 17 from 8:30 a.m. to 12 p.m. at the Minnesota Department of Education in Roseville.
Senator Franken, who helps head up the Senate Employment Subcommittee, has heard from businesses throughout Minnesota that the current “skills gap” has left employers with jobs they cannot fill because they cannot find people with the right training. To address this, many communities across the state have started school-business partnerships to help students get the education and training they need for good-paying jobs that don’t necessarily require a four-year degree. Senator Franken and his staff have spent the last four months visiting 17 different programs throughout the state to learn about effective models of collaboration between schools and industry partners to help address the skills gap and train students for in-demand 21st century jobs.
Sen. Franken's Advancing Career Pathways Summit will bring together educators, business owners, labor representatives and community partners to discuss best practices, models for collaboration, and opportunities. The Summit is an opportunity to highlight successful programs as well as share ideas on how to create and expand these models across Minnesota.
More information and registration is available online.
By Ken Otsuka, CUNA Mutual Group senior consultant for Risk & Compliance Solutions
Scams, scams…go away! Unfortunately, it’s not that simple. Spam, shams, and other scams are on the rise. Fraudsters use clever schemes to defraud millions of people for billions of dollars every year. In fact, 27 million Americans lost a total of $7.4 billion dollars to telephone scams alone in 2015, according to a survey by TrueCaller.1
Fraudsters are crafty. They pressure people to make important decisions on the spot by using innovative schemes and new twists on existing age-old scams. Their multi-channel approach can involve phone calls, emails, online banking, and mobile technology. Fraudsters look for victims who find their stories convincing and will willingly share sensitive information, which can be used to authorize and transact wires, ACH, plastic card, and other types of transactions. Unfortunately, the fraudulent transaction is often a legit exchange based upon a fairy tale.
Prevalent scams include:
Combatting fraud in a dynamic environment is not easy. You must continuously identify, measure, control and monitor scams to keep up. And, protecting members from themselves is an even trickier proposition.
So, what can you do?
Recognizing scams and adopting controls to slow their spread is critical for your success. Do your credit union and members a favor by knowing which scams are hot, remaining vigilant and providing scam awareness. You can make a difference.
To learn more about fraud scams impacting credit unions and your members, join our Credit Union Protection webinar, titled “Spam, Shams and Other Scams,” on Wednesday, April 19 at 1 p.m. We’ll discuss recent fraud trends, how you can detect a scam, what to do if you encounter one, and how you can reduce the impact.
1. TrueCaller, “27M Americans Lost Approximately $7.4B in Phone Scams Last Year,” Jan. 22, 2016.