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
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
As new technologies emerge to transform the status quo, so does the opportunity for innovation around banking and payment services. Financial business leaders everywhere need to ensure they are investing in the right technology, and in some cases move away from legacy operations, even if it eats their own lunch.
But, as new technologies emerge, so to do the threats facing the industry. A lot of this has to do with the accelerated adoption of a digital lifestyle by consumers and enterprises. As a result, financial institutions must evaluate all possible risks to uphold the security standards of their account holders who entrust them with their sensitive personal and financial data. Continue reading
While speaking last week with Al Pascual, SVP and Head of Fraud & Security at Javelin Strategy & Research, in a joint briefing with Steve Bearak, IdentityForce’s CEO, the words “big news” kept circulating throughout the discussion. And I couldn’t be more excited to officially share today’s BIG news, along with my thoughts on what EZShield’s acquisition of IdentityForce means for our customers, partners, and our most valued asset — our employees. Continue reading
In a world of mounting risks and waning attention spans, effectively marketing your identity protection program is imperative to your success. That’s why EZShield takes a partner approach to identity protection. We don’t just offer a proven product. We help financial institutions align world-class protection with targeted marketing materials and multi-channel communication plans to ensure success. Continue reading
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
As identity crimes continue to threaten U.S. consumers — with 13.1 million Americans falling victim in 2015 — the need for protection against such risks remains critical. While there are many things individuals can do to help protect themselves, a comprehensive identity protection service takes one’s security to the next level.
But how do you know if a protection service is worth your while?
#1 Start by looking at their history and reputation. EZShield has been protecting consumers and small businesses from fraud and identity theft since 2001. As the “Overall Best Identity Protection Service Leader,” as independently rated by Javelin Strategy & Research for the past two years, and the 2015 BBB Torch Award winner, our commitment to partners and customers is well recognized.
#2 Consider how they deliver their services. EZShield partners with trusted financial institutions, insurance and benefits providers and telecommunications entities through which we service their customers. And all of our services are delivered on a secure, encrypted platform backed by world-class customer support.
#3 Experience the benefits of service firsthand. EZShield offers one year of complimentary identity protection service to potential partners so they can experience the value of our offerings for themselves. We know that after they experience the EZShield difference, they will be confident in delivering these same services to their customers.
Get a glimpse of how our best-in-class identity protection service puts fraud and identity theft in its place.