Inaugural Fraud Prevention Summit Held

MnCUN held its first in person Fraud Prevention Summit yesterday at Wings Credit Union in Apple Valley. 50 attendees from 26 credit unions across the state attended. The summit included expert presentations on various fraud topics, with opportunities for Q&A, preventive and remediation resources, and small group discussions for attendees to share information and resources.

​Presentations included a Fraud Trend update from Rebecca Garton, Risk Consultant with TruStage; and a presentation on Eligible Adult Fraud and Minnesota’s Senior Safe legislation with Dr. Marti Delema, University of Minnesota and Marty Fleischhacker, MN Department of Commerce. Assistant Attorneys General Bill Sigal and Darin Nguyen, Minnesota Attorney General’s Office, presented on the current consumer financial fraud issues they are seeing. Brainerd Area Credit Unions shared their Fraud Fighters collaboration that brings area credit unions together to help consumers learn how to prevent fraud. The day concluded with a discussion on Threats and Prevention to Financial Institutions by Cyber Criminals, with Matt Quammen Co-Founder and President of Optimize Cyber Security.

​“Fraud is the most common response I get when I ask our credit unions what keeps you up at night?” said Mara Humphrey, President and CEO of the Minnesota Credit Union Network. “We are proud to offer this forum and will continue to share resources to help credit unions work together on this challenging issue.”