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  1. Resource Center
  2. Allied Insights
  3. 7 Authentication Strategies to Reduce Fraud
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  1. Resource Center
  2. Allied Insights
  3. 7 Authentication Strategies to Reduce Fraud
By Allied Solutions,
December 18, 2024
Our members' data is at risk of exposure at any given moment due to fraud. Take proactive steps with authentication requirements. 

Read the full blog article on NAFCU Services Blog

Adopting sound authentication methods to verify a person’s identity makes it much harder for an individual to provide false credentials and perform fraud. Consider these authentication strategies to safeguard your credit union:

 

7 Authentication Strategies to Reduce Fraud graphic image. The seven strategies shown are setting up complex password requirements, requiring members to provide identifying information AND personal information, requiring multi-factor authentication for transaction requests, adopting machine learning authorization tools, adopting strong authentication layers for new account, loan, or card requests, leveraging two-factor authentication requirements, and educating members about the importance of creating complex passwords and opting into all available authentication measures.

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