With the release of new financial technology, new security implications and threats are created. Members and credit unions are increasingly considering the adoption of mobile banking, and the many additional services being offered via handsets, including financial information services, funds transfer, bill payment and presentation, account management, and service. At the same time, financial institutions are faced with enhancing their security measures to help address a serious consumer concern — how safe is it to use mobile banking?

Although some argue that mobile banking can be more secure than its Internet equivalent, since no data is typically held on the phone itself, security experts and consumers are expressing concerns. Join Jim Rechel for this 60 minute audio overview of the opportunities and perils of mobile banking.

During this audio, you will:

• Discuss the trends in mobile banking and establish the pros and cons
• Learn about fraud issues connected to cell phones and mobile banking
• Establish methods that can be used to prevent fraud when using a cell phone

Thinking about attending the CUNA Security & Fraud Institutes in Tempe, AZ? Attend this audio and get a sneak peek! Hear from Jim Rechel as he discusses information that will also be offered at the CUNA Security & Fraud Institute, October 17-21, 2010.

CUNA archived events enable staff to pick up new skills and keep up with daily responsibilities. Hearing the archived audio conference will enable you to hear a presentation, questions of the instructor, and refer to handouts. You need only a computer with an Internet connection and speakers. The archived event is made available within 48 hours of the live event. Please note: The same username and password you use to register will be used to access your archived event.

This audio was offered live on
August 12, 2010

Access this archived audio

This audio is beneficial for operations and security staff, fraud investigators, and anyone that is responsible for reducing risk at your credit union.

Affiliation with CUNA/League is required for attendance.

Jim Rechel

Jim is president of The Rechel Group, Inc., a risk-consulting firm. Over the last 15 years, he has conducted seminars for more than 1,000 professional organizations. He is a Certified Financial Security Officer and on the board of The Institute for Criminal Justice Education. Previously, Jim was vice president for a financial institution in Cincinnati, where he held positions in retail, lending and as security director. He was also a special agent with the FBI for three years.

The last day for cancellations was August 4, 2010. Substitutions are accepted anytime prior to the start of the program at no additional cost. Simply fax event and contact information, listing the new participant and who they will be replacing. Cancellation fees do not apply for free or complimentary programs.