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
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
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
In a world saturated with millennial-focused advertising, financial institutions are turning a blind eye to a very important demographic group: baby boomers. Many financial institutions place boomers in the bubble of anti-technology and dwindling funds. Not only are these stereotypes problematic, they can lead to a substantial loss in potential business. Continue reading
What makes up your financial institution’s engagement toolkit?
Perhaps you have a great app, timely email and text notifications, or even a strong social media presence. These initiatives keep accountholders tuned into their finances on their time. However, these perks offer much more than meets the eye. Continue reading