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
EZShield recently attended this year’s America’s Credit Union Conference in Boston. During the conference, our VP of Marketing Laura Bruck had the pleasure of presenting on Enhancing Trusted Relationships in an Environment Plagued with Data Breaches and Identity Theft. Continue reading
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.
We’re losing a staple of Main Street faster than expected. Nationwide, bank branch visits have been cut in half over the past 20 years.
According to data from S&P Global Market Intelligence, this drop has led to a rash closing of physical branches. Since the financial crisis, banks have closed more than 10,000 branches – an average of three a day. Continue reading
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.
Bank switching continues to plague financial institutions in an increasingly competitive market. From tailored offerings to high-engagement account holder retention strategies, banks and credit unions are definitely determined, but is bank switching still a top concern at your financial institution? Continue reading