Blog

Blog

Financial institutions (FIs) are in a never-ending struggle with criminal hackers over identity fraud — and unfortunately, right now many FIs are on the losing end.

New report: Application fraud is a serious threat to financial institutions

Financial institutions (FIs) are in a never-ending struggle with criminal hackers over identity fraud — and unfortunately, right now many FIs are on the losing end.Financial institutions (FIs) are in a never-ending struggle with criminal hackers over identity fraud — and unfortunately, right now many FIs are on the losing end. According to Aite Group research, nearly half of U.S. consumers experienced identity theft from 2019 to 2020. Additionally, 37% of consumers also experienced application fraud — a method of identity fraud that involves bad actors using consumer information to create a new account for fraudulent activity. Application fraud can be a devastating experience for

Read More >

3 Cybersecurity Resolutions to Survive 2021

Predicting a global pandemic that reshaped how we interact with each other and our devices at a fundamental level would be nigh impossible, but we have seen an acceleration in the shift to cloud-based services. This shows the adaptability of organizations looking to evolve and thrive during an unprecedented event. However, this shift has also left some businesses vulnerable to exploitation. My one-line forecast is that we should expect a cloud migration trend to continue or even accelerate in 2021

Read More >

User Emails Lost Before Launch of CurrentC

Emails were sent out last week to an undisclosed number of beta testers for CurrentC, the MCX alternative to Apple Pay (but also any company using NFC technology like Google Wallet), advising that unauthorized third parties had obtained their email addresses. The news came days after MCX retailers pulled in-store support for other third party payment systems. Not a huge breach, to be sure, but neither a great first branding step for a group that seeks to position itself as

Read More >