This session will provide an in-depth review of three emerging fraud loss areas. Wire/HELOC fraud; Fraudsters continue to target credit union industry. Online banking fraud; we will review and discuss the FFIEC’s updated authentication guidance, and industry best practices. And finally, Data breaches. Data breaches have quickly become a top concern for IT professionals as they are increasing in frequency and severity in terms of the number of records breached and the cost to recover or repair the damage. We will discuss steps to help prevent, and mitigate these types of losses.

Facilitator/Speaker: Carlos Molina/CUNA Mutual
Carlos Molina is a risk management Consultant in Credit Union Protection’s Risk Management Division for CUMIS Insurance Society, Inc., the property and casualty company of CUNA Mutual Group. In this role he assists credit unions in identifying areas of risk in their operations and recommends appropriate controls to reduce loss exposures. He also is responsible for updating the Employment Practices Liability analysis, identifying exposures in credit union employment policies and procedures, as well as the Security Analysis, identifying exposures in physical security and employee safety. Molina began his career with CUNA Mutual Group in 2004 as a risk management specialist. He was promoted to a risk manager III in 2008. Prior to joining CUNA Mutual Group, Molina was a criminal investigator with the Public Defender’s Office in Essex County, N.J. Molina graduated from Pace University in 2000 with a bachelor’s degree in criminal justice. He received a Certified Fraud Examiner (CFE) designation in January 2009.

Note: This Roundtable Session qualifies as an “in-person” session for the
Compliance Certification Program. More information on this program is available by clicking here.

Locations: NJ Credit Union League "live" and via Video Conferencing at Atlantic FCU and Members 1st of NJ FCU.

NJCUL                                Atlantic FCU                    Members 1st of NJ FCU
299 Ward Street                 37 Market Street               37 West Landis Avenue
Hightstown, NJ 08520       Kenilworth, NJ 07033      Vineland, NJ 08360

Time: 10:00 a.m. – 12:30 p.m.

Cost: $25, includes lunch

To register and pay by check, send an email to Mary Zelinsky at mzelinsky@njcul.org and your credit union will be invoiced. To register and pay online, click here.