For more than 50 years, the U.S. Small Business Administration (SBA) has hosted National Small Business Week, a celebration of our nation’s entrepreneurs and innovators who drive the economy through commerce and job creation. From May 5th-11th, 2019, the SBA and community will honor the contributions of small business leaders through awards and recognition, a virtual conference, and helpful resources that assist small business owners in addressing operational challenges. Continue reading
Companies in the financial services sector experience 300 times more cyberattacks than any other industry. Cyberthieves target the sensitive Personally Identifiable Information (PII) and confidential data stored by Financial Institutions (FIs) because it can deliver a significant return when sold on the Dark Web. And, the cost of the security incident can rapidly add up to millions with remediation costing FIs an average of $206 per piece of exposed customer data. Continue reading
Many Small and Medium-Sized Businesses are worried about their financial risks, and in today’s digital environment, that concern couldn’t be more warranted. In fact, 50 percent of SMBs report low confidence in how to protect themselves, their employees and their customers from a cyberattack. With employee negligence raking as the #1 cause of a data breach incident, we’re here to address the evolving identity protection and mobile cybersecurity needs of SMBs. Continue reading
Business identity theft schemes and cybercrimes are targeting Small and Medium-Sized Businesses (SMBs) every day. In fact, the growing crimes against SMBs go well beyond creating fake W-2 forms with Employer Identification Numbers (EINs) to file a fraudulent tax return. Today’s cybercriminals can easily mask their attacks and commit any number of malicious acts from hacking into IT systems to compromising email accounts and network connections, and even spoofing Wi-Fi access points and redirecting traffic.
These same bad actors are also ready to engage in activity that will compromise intellectual property, download employee records, or even take on the discernible route of stealing financial funds with unauthorized access to, or, even opening up, financial accounts. Essentially, all of the threats large organizations must deal with – including the resources, technology and skills these fraudsters tout – SMBs must also face. But, without the specialized tiger teams that big companies often put together. And, all on a shoestring budget. Continue reading
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