EVENT: Online Banking Risks (Session Code: 429)
Cyber thieves have been compromising accounts through online banking systems at break neck speed as password stealing banking Trojans, such as Zeus, become more prevalent making most forms of two-factor authentication ineffective. Credit unions have experienced their fair share of online banking fraud. Once the cyber thieves gain access to an account through the online banking system, they transfer funds to accounts at other institutions, foreign and domestic. Cyber thieves are even compromising credit union accounts at third party providers of electronic funds transfer services. This session will include an overview of the following:

How cyber thieves infect computers with banking Trojans
Updated authentication issued by the Federal Financial Institutions Examination Council
Mobile banking
Loss case studies

Illinois Pricing:
Affiliate: $ 100.00
Non-Affiliate: $200.00

Out of State Pricing:
Regular: $ 150.00

Contact: Ken Otsuka (Illinois Credit Union League)
Phone: 630-983-3420
Fax: 630-983-3212
Email: gregory.framarin@ilcusys.org

Speaker: Ken Otsuka
Speaker Bio:
Ken Otsuka is a Risk Manager in the Credit Union Protection Risk Management Department for CUNA Mutual Group. In this role, Ken assists credit unions in identifying areas of risk in their operations and recommends best practices to reduce loss exposure. He also provides training for credit union employees. He is based in Chicago, Illinois.


Location 1:
Telephone - February 23, 2012: 10:00 am CT
Duration: 11:00 am CT

Online registration for this event has ended.