SUMMERVILLE, S.C. — More than 80 financial services professionals, industry experts and state lawmakers gathered here for the fifth round of REV Federal Credit Union’s annual Knockout Fraud event, which focused on emerging scams and ways to protect consumers, according to the $1.38-billion credit union.
South Carolina Senate President Thomas Alexander and state Rep. Brandon Guffey attended the event, which brought policymakers together with professionals involved in fraud prevention.
“Fraud prevention is a shared responsibility, and South Carolina stands firmly behind the dedicated professionals on the front lines,” Alexander said, emphasizing the state’s support for financial institutions and law enforcement.
Alexander also presented a proclamation from Gov. Henry McMaster designating Nov. 15-21 as South Carolina Fraud Awareness Week, an effort intended to encourage residents to learn how to identify and avoid scams.
‘Greater Awareness’
“Having policymakers hear directly from the professionals confronting these challenges helps bring greater awareness to the evolving threats facing South Carolina consumers and the importance of continued collaboration,” said Spears Goodlett, South Carolina legislative and political affairs manager for the Carolinas Credit Union League.
Topics included artificial intelligence-driven scams, synthetic identity fraud, emerging fraud schemes and connections between financial crime and public safety. Participants discussed identifying threats and responding to fraud affecting consumers and financial institutions.
Jeanne Couchois, the league’s senior vice president of Risk Management Resources and general counsel, said an interactive discussion led by Jen Lamont of Point Predictive gave attendees an opportunity to exchange experiences and ideas.
‘Great Deal to Learn’
“Credit unions have a great deal to learn from one another and law enforcement when it comes to recognizing and responding to fraud,” Couchois said.
REV opened the complimentary event to other credit unions across the Carolinas. Representatives of Carolinas Telco Federal Credit Union, CPM Federal Credit Union, First Flight Federal Credit Union, Founders Federal Credit Union and Neighbors United Federal Credit Union attended, according to REV.
