New research from Javelin Strategy & Research’s 2017 Identity Fraud Report knits an intricate relationship between consumer personas and identity crime risks.
In 2016, an estimated 15.4 million consumers were victims of identity crimes, up from 13.1 million the previous year. This marks the highest identity victimization rate since Javelin Strategy & Research began tracking the trend in 2003. Continue reading
Where Is All the Great Talent Hiding?
Attracting top talent has captured significant attention in today’s competitive employment climate. We all want the best and brightest on our teams and are willing to go the extra mile to engage potential all-stars.
But what about the team you’ve already built? The group of top performers with a track record you can personally vouch for. Are you doing enough to re-attract them and maintain employee retention? Continue reading
What makes up your financial institution’s engagement toolkit?
Perhaps you have a great app, timely email and text notifications, or even a strong social media presence. These initiatives keep accountholders tuned into their finances on their time. However, these perks offer much more than meets the eye. Continue reading
“In this world nothing can be said to be certain, except death and taxes.”
While Benjamin Franklin’s words still hold true today, taxes will undergo a few changes this year. These tax changes will ultimately add to the responsibilities of employers and require quick action to avoid penalties come tax time. Continue reading
As we round out the current year, the data security world is buzzing with year-end reports and data security predictions for 2017.
From cybercrime to payments fraud — identity crimes took a dramatic turn in 2016. This year-end data paints a telling story of the state of data security. Some changes were for the best, others for the worst. However, there are a few qualitative findings that offer even more insight into the future. Continue reading
When 43 percent of all identity theft cases use the same basic scheme, you might think it would be a top-of-mind concern for consumers. Unfortunately it’s quite the opposite. Continue reading
How do you begin your search for the right business partner, and what do you use to evaluate whether or not the prospect will meet your needs?
This isn’t as difficult of a task as it may seem. Just find out what your prospective partners are made of. They should be transparent enough that you can do that with ease. Continue reading
The consumer banking experience has changed dramatically in recent years.
Today, banks and credit unions adhere to the rise of the tech-savvy and budget-conscious consumer. From mobile apps and online banking initiatives to tailored programs — the trend of rapid adoption is impressive, but it’s not without its shortcomings. Continue reading
Ensuring your annual open enrollment process goes smoothly is hard. Whether you’re the Human Resources representative at the helm, or the strategic advisor tailoring valuable benefits for your clients, the process can be daunting. Continue reading
In the first six months of 2016, the number of U.S. data breaches soared to over 630 — a rate that puts breaches on pace to overtake last year’s count. Data breaches alone in 2015 resulted in over 169 million stolen records. This impact leads to rampant fraud and identity theft and leaves millions of consumers in dire need of help. That’s where the right identity protection provider comes into play.
An identity protection provider shouldn’t just offer a speedy solution, but one that fits the particular needs of victims. The ever growing problem of information exposure calls for services that deliver a comprehensive approach to resolve identity crime threats.
To help organizations determine how to meet those demands, the Consumer Federation of America (CFA) and its Identity Theft Service Best Practices Working Group have developed a valuable checklist that helps organizations uncover issues that could stem from a data breach incident. Following these guidelines can help maintain best practices and assist you in choosing the best identity protection provider for your specific needs.
Ready to discover the best identity protection provider so that you can secure the data of your consumer and small business customers? Read the CFA press release “Rising Number of Data Breaches Increases Threat of Identity Fraud” for critical identity protection insight.
CFA 2016 Checklist
PDF version: 7-questions-when-considering-identity-theft-services