Fighting Fraud: Insight from Kris VanBeek, Digital Federal Credit Union

There are a number of new regulatory compliance and security initiatives that means changes for financial institutions. But do these changes also open the doors to potential fraudsters? Kris VanBeek, SVP of Information Systems at Digital Federal Credit Union, discusses: How some of these changes might attract fraudsters; What banking institutions can do thwart attacks; Fraud trends he's tracking as we head into 2010. VanBeek is a banking/security leader with deep experience in banking and regulatory compliance. Prior to joining DCU five years ago, he spent time as a supervisory manager at the Federal Reserve Bank of Boston; data center manager at Fiserv; senior IT specialist and examiner with the Federal Deposit Insurance Corporation. Digital Federal Credit Union is a not-for-profit financial cooperative owned by and operated for its members. DCU was chartered in October of 1979. DCU serves more than 350,000 members and their families in all 50 states. DCU is the largest credit union headquartered in New England as measured by assets and among the top 15 nationwide.