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Tag Archives: Bank

The Rise of Identity Crimes Creates a Major Opportunity in Banking

Driven by a pressure-cooker competitive environment, shifting consumer perceptions and growing security concerns — a not-so-new opportunity in banking has re-emerged.

Identity protection has once again become an optimal opportunity in banking. As cybercrime costs the financial services sector more than any other industry, and consumers increasingly demand engaging financial wellness experiences, financial leaders are starting to take a proactive approach to both by providing targeted identity protection offerings. Continue reading

Cybercrime Costs Financial Services Sector More Than Any Other Industry

make the right investment in cybersecurity

Financial institutions spend three times more on cybersecurity than other industries, according to a new report by Kaspersky Lab.

This critical investment in cybersecurity is warranted as cybercrime continues to plague the industry. With record-breaking numbers of data breach events – and the growing sophistication of phishing scams – cybersecurity threats relentlessly target both financial institutions and the accountholders they’re responsible to protect.

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Social Media Trends Every Bank and Credit Union Should Know

banking social media trends

Does your bank belong on Snapchat? What should your credit union tweet about? Will Facebook’s algorithm ever be on your side again?

There’s a perfect storm swirling in the social-sphere that is creating a lot of questions for social media professionals in the financial services space.

As banks and credit unions increasingly try to engage consumers on social media, they’re often left defeated amidst waning attention spans, changing platforms and unfriendly algorithms. It’s the harsh reality of social media today, but it’s not all bad news.

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