In a world saturated with millennial-focused advertising, financial institutions are turning a blind eye to a very important demographic group: baby boomers. Many financial institutions place boomers in the bubble of anti-technology and dwindling funds. Not only are these stereotypes problematic, they can lead to a substantial loss in potential business. Continue reading
Driven by a pressure-cooker competitive environment, shifting consumer perceptions and growing security concerns — a not-so-new opportunity in banking has re-emerged.
Identity protection has once again become an optimal opportunity in banking. As cybercrime costs the financial services sector more than any other industry, and consumers increasingly demand engaging financial wellness experiences, financial leaders are starting to take a proactive approach to both by providing targeted identity protection offerings. Continue reading
In a world of mounting risks and waning attention spans, effectively marketing your identity protection program is imperative to your success. That’s why EZShield takes a partner approach to identity protection. We don’t just offer a proven product. We help financial institutions align world-class protection with targeted marketing materials and multi-channel communication plans to ensure success. Continue reading
Financial institutions spend three times more on cybersecurity than other industries, according to a new report by Kaspersky Lab.
This critical investment in cybersecurity is warranted as cybercrime continues to plague the industry. With record-breaking numbers of data breach events – and the growing sophistication of phishing scams – cybersecurity threats relentlessly target both financial institutions and the accountholders they’re responsible to protect.
I recently had the honor of speaking at 2018 CBA LIVE with Kevin King from ID Analytics. It was a truly remarkable event with inspiration around every corner. We felt at home in our session on the growing risks of synthetic identity theft per the conference’s “Beyond The Bank” theme this year.
CBA LIVE Beyond the Bank perfectly framed the collective conversation, as it encompassed consumers’ growing demands within the space that are increasingly falling outside the traditional banking realm. Continue reading
New fraud statistics from Javelin Strategy & Research’s Report, 2018 Identity Fraud: Fraud Enters a New Era of Complexity reveal growing consumer sentiment toward financial institutions as identity crimes hit another record-high. This comes despite industry best efforts to mitigate fraud. Continue reading
Javelin Strategy & Research recently named EZShield an Identity Protection Leader — earning their highest recognition for identity theft resolution services among many other identity protection providers.
The announcement came as part of Javelin Strategy & Research’s Identity Protection Services Scorecard. The annual report highlights leaders in identity protection, current fraud trends and changing consumer needs.
We’re losing a staple of Main Street faster than expected. Nationwide, bank branch visits have been cut in half over the past 20 years.
According to data from S&P Global Market Intelligence, this drop has led to a rash closing of physical branches. Since the financial crisis, banks have closed more than 10,000 branches – an average of three a day. Continue reading
Data Privacy Day is right around the corner! This international celebration occurs on January 28 and promotes advocacy for privacy and data security awareness — particularly the protection of personally identifiable information (PII).
EZShield is proud to be a Data Privacy Day Champion. And in doing our part to promote this event, it seemed like the perfect opportunity to get #PrivacyAware with a transparent analysis of the current data security landscape and derive learning lessons as we move ahead. Continue reading
Does your bank belong on Snapchat? What should your credit union tweet about? Will Facebook’s algorithm ever be on your side again?
There’s a perfect storm swirling in the social-sphere that is creating a lot of questions for social media professionals in the financial services space.
As banks and credit unions increasingly try to engage consumers on social media, they’re often left defeated amidst waning attention spans, changing platforms and unfriendly algorithms. It’s the harsh reality of social media today, but it’s not all bad news.