EZShield was proud to participate as the Platinum Sponsor of Deluxe Exchange 2019, a prominent U.S. financial services conference. Industry leaders from across the nation converged on Miami, FL, to engage in thought-provoking discussions around strategies for market growth, as well as the latest innovations in fintech.
It was also a privilege for the EZShield team to host three sessions. Below is a recap of each, along with some key takeaways. Continue reading
Regardless of your company size or your industry, no organization is immune to internal and external threats. Fraud is a serious problem that has a real impact on the bottom line. According to the Association of Certified Fraud Examiners’ (ACFE) 2018 Report to the Nations Global Fraud Study, global organizations lose an estimated $4 trillion annually to fraud, and it can take an average of 16 months before you even know what’s happening. Continue reading
Today’s mobile devices empower employees to stay connected to the office no matter where they are. Our mobile-first world has made companies more efficient and individuals more productive — it has also fueled a new gateway for cyberattacks that IT and InfoSec professionals need to defend against.
Here are just a few compelling examples of the impact Bring Your Own Device (BYOD) policies are having on information security: Continue reading
Hundreds of thousands of U.S. consumers fall victim to tax identity theft each year. If it happens to one or more employees within your organization, the consequences are amplified as it’s worse than having a delayed refund. Whomever is affected will have to spend dozens to hundreds of hours out of work to file paperwork, send emails, make phone calls, and remedy the situation. This extra work, combined with the stresses of experiencing a highly-personal crime, leads to collateral damage in the workplace: lost productivity and even distrust. Continue reading
Your account holders entrust you with their personal and financial information. They also rely on you to protect it. Their identities and their wealth are more than just a name and number; they’re the foundation of who they are and the relationships that they’ve forged.
With the total number of identity crime victims at a record high, Financial Institutions (FIs) must be proactive to ensure that fraud and security incidents don’t rob them of account holder loyalty. Criminals can easily manipulate financial, medical, government, criminal, and even employment records. This sheer breadth of misuse makes identity crimes hard to detect, and even harder to repair without the right resources. Continue reading
On January 28, the world will observe Data Privacy Day, the signature event in a greater privacy awareness and education effort that focuses on helping consumers own their online presence.
For Financial Institutions (FIs), the need to protect account holders’ Personally Identifiable Information (PII) has never been greater. PII that leads to fraudulent access of financial accounts is a favorite target of cyberthieves, and that puts FIs in the crosshairs constantly. This unwanted attention from cybercriminals costs financial services firms an average of $18 million per firm to remediate, which is 50 percent higher than in other industries, according to Forbes. Continue reading
As smartphones, tablets, and laptops have become increasingly intertwined with our daily lives, they’ve become a more integral part of our work lives too. The majority of companies have adopted policies that empower employees to use their own devices for work versus only having company-issued devices.
Welcome to the world of BYOD (Bring Your Own Device), fueled by the larger trend around the consumerization of IT. This shift means that consumer technology is now influencing business processes, whereas the opposite was once true. The statistics tell a compelling story: Continue reading
**Note: The government shutdown came to an end on January 28, 2019 after 35 days. Delays are still expected as agencies work through more than a month of backlog.
The U.S. government shutdown that started on December 22, 2018, is now the longest on record and is impacting more than 800,000 federal workers as of the time of this writing. Although the impact is clear for those government employees directly in the crosshairs, the full effect is yet to be realized for U.S. consumers.
Here are two federal agencies whose lack of funding could prove to endanger citizens’ defenses against identity crimes and fraud. Continue reading
Cybercrime is a lucrative business, and IT and Information Security (InfoSec) professionals’ jobs are only getting harder.
Advancements in mobile technology have transformed every employee into a roaming cybersecurity vulnerability. Many of us are now using our personal smartphones for work purposes. And, while that may seem harmless and cost-effective for an organization, personal mobile devices are now more powerful than the PCs of several years ago — and they’re just as open to cyber intrusions by hackers. This can lead to compromised data, resulting in breaches that can cost organizations millions of dollars per incident. Continue reading
Money and work continue to be “significant stressors” as tracked annually by the American Psychological Association’s (APA’s) Stress in America Survey, with nearly two-thirds of adults (64%) reporting one or the other to be a major source of stress. Continue reading