Hackers are breaking into credit union accounts. Banks’ solution? Blockchain.

first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr In December of 2019, a North Carolina man logged into his credit union and watched as a scammer withdrew money from his account. In early April, a fraudster impersonated credit union employees, asking customers to tell him their account information — he then withdrew more than $10,000 of their savings.Last year, hackers cost U.S. consumers a combined $16.9 billion in identity fraud, according to Javelin Strategy & Research. As the COVID-19 pandemic spreads across the United States, the risk of account takeovers is up. According to Julie Esser, chief experience officer at CULedger, a credit union services organization (CUSO), credit unions going digital has led to a rise in criminals targeting remote call centers.“Predators prey on these entry-level positions to try and get personal information out of them,” Esser said. “They just pretend they are somebody they’re not and oftentimes it’s successful.”CULedger started as a research project in 2016, with 70 credit unions and industry trade groups dropping a combined $650,000 into a pilot blockchain project aimed at preventing call center fraud. The group chose to focus on blockchain because it was a proven technology, Esser said: “I’m not aware of any blockchain that’s been hacked.” Two years later, the Denver-based company was officially formed and is now putting its technology to the test. continue reading »last_img read more

Get Lit Poetry Slam Video Spotlighting Youth Nonprofit Goes Viral

first_imgShare8TweetShareEmail8 Shares January 13, 2015;Good“In every state in America, the greatest lessons are the ones you don’t remember learning.”The viral video going around, “Somewhere in America,” has brought the power of spoken word into focus—as well as a diligent and creative nonprofit that motivates youth to express themselves through literary performance.Get Lit is a L.A.-based nonprofit that strives to increase teen literacy by encouraging students to express themselves through creating classical and spoken word poems as well as studying canonical pieces as part of the learning process. The Queen Latifah Show brought on Get Lit participants Belissa Escobedo, Rhiannon McGavin, and Zariya Allen to perform, “Somewhere in America,” after they were a smash hit speaking for a crowd of more than 17,000 at the Hollywood Bowl, opening for John Legend. The poignant spoken word performance has gone viral and highlights the hypocrisy of what students are taught in the U.S. public education system, touching on important subjects from the censorship of history books to rape culture.Watch the slam poetry performance below from the 2014 Brave New Voices finals, and you will see how beautifully and powerfully these three young women convey their message:Get Lit participant Rhiannon says, “I think poetry is the best way to express emotions. I believe that if you write your feelings down, memorize the words and perform them aloud, that you won’t be bothered by that problem. It’s an amazing way to help people—especially teens.”Get Lit is a fairly young organization. It started in 2006, but has already expanded from its L.A. base and launched a pilot program in Washington, D.C. through After-School All-Stars. The organization’s Classic Slam in Los Angeles was the first poetry slam event to draw upon both canonical works and spoken word responses. The nonprofit hopes to eventually develop a national curriculum so youth across the nation can learn to elevate their voices through spoken word.—Aine Creedon Share8TweetShareEmail8 Shareslast_img read more