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
Money impacts all our lives in many different ways. It pays for the essentials that keep us healthy and safe. It enables us to be ready for future expenses and plan new experiences. And it makes us feel good when we can share it with people in need.
Having a steady income can also eliminate financial anxiety. While money cannot buy happiness, studies have shown that, on average, happiness levels do increase with income up to roughly $75,000 in annual salary. The reason money increases happiness (up to a point) is that it takes a certain salary to feel financially secure.
In our interconnected world, the same security vulnerabilities exist across both desktop and mobile devices. As a result, this essentially doubles the number of endpoints that hackers, cybercriminals, and identity thieves can target. For enterprises, especially with the consumerization of IT through Bring Your Own Device (BYOD), this has fueled an enormous challenge for organizations everywhere.
It’s been quite a year already. Global data breaches have already compromised 4.5 billion records in the first half of 2018, a 133% increase compared to the same time last year.
This disturbing trend is cause for concern not only for consumers but especially for your business and employees. Continue reading
This October marks the 15th annual National Cybersecurity Awareness (NCSAM) month. The need to better protect our nation’s critical infrastructure – otherwise known as the vast, worldwide connection of computers, data, and websites supporting our everyday lives, has never been at a more critical junction. With the volume and velocity of today’s data breaches, it’s more important than ever for individuals and businesses to proactively address the exposure of personal and confidential information. Continue reading