Last month, the Identity Theft Resource Center released their annual Identity Theft Aftermath report. The report goes beyond the standard facts and figures of identity theft and gets to the heart of the problem — the impact on victims.
“An investment in knowledge pays the best interest.”
– Benjamin Franklin
Franklin was a pioneer in financial education and often oozed witty, yet practical wisdom. In fact, the man attributed with “a penny saved, is a penny earned” even authored one of the first widely-published financial advice pieces. Franklin understood the value of financial education — and made it a life mission to empower individuals through knowledge. Continue reading
In this technology-first world, it’s crucial that your Identity Protection services are both secure and easily accessible. Since 2013, the number of victims affected by identity crimes have more than doubled. This equates to one victim every second, making accessible identity protection services even more important. Continue reading
On Sept. 13, Laura Bruck from EZShield and Jacob Jegher from Javelin Strategy & Research co-hosted the webinar “How Banks Can Build Loyalty by Countering Fraud in Small Business Banking.” The presentation analyzed small business banking trends, including the growing fraud risks this robust subset faces. Continue reading
As the leader in identity theft protection, EZShield is incredibly proud of our success in helping employers roll out valuable employee benefit programs. In terms of participation and engagement, our identity protection solutions are second to none.
Trust (n.): a firm belief in the reliability, truth, ability, or strength of someone or something.
It’s a familiar concept that’s often underestimated. Trust is a catalyst for change and the foundation for strong relationships. It guides us in our daily lives, but most importantly, it dictates who we ask for help. Continue reading
New research from the Auriemma Consulting Group (ACG) paints a bleak picture of the state of synthetic identity theft and its hit to the banking industry.
Synthetic identity theft cost banks $6 billion in 2016. Five percent of charged-off accounts and up to 20 percent of credit losses are thought to be a result of synthetic identity theft.
With synthetic identity theft on the rise, banks and credit unions must search for more comprehensive solutions to this growing problem. Continue reading
‘Tis the season for IRS limit research, presentation prep and collateral creation. After all, it’s open enrollment season for many employee benefits brokers and companies alike.
This is easily one of the most exciting (and honestly, confusing) times in the industry. With new mandates, rising pressures to cut costs, emerging benefits to consider and a competitive landscape — it can be hard to boil everything down into one streamlined package.
Here’s what benefits professionals need to know:
The FDIC recently released impressive figures in their Q1 report of U.S. bank performance.
Aggregated net income for financial institutions was $44 billion in the first quarter of 2017. This is a 12.7 percent increase from the year prior. Community banks shared this growth with a 10 percent increase. Collectively, more than half of all financial institutions reported year-over-year growth in Q1 earnings.
The report cited an increase in both interest and non-interest income as the primary drivers for revenue growth. The $2.1 billion in non-interest revenue growth is reflective of the drive to diversify products and grow revenue streams. Continue reading
Last month, I co-hosted a webinar with Javelin Strategy & Research, “Growing Fraud Risks Facing Millennials, Gen X and Boomers.” It showcased new research surrounding different identity risks and protection preferences for each demographic. Continue reading