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Posts in category "Fraud & Risk"

06/16/2017

Synthetic IDs: Identity Theft … Without Your Full Identity

It’s called synthetic identity theft. Whether by a phishing scam, data breach, hack or physical theft, your information becomes compromised and falls into the wrong hands. Criminals use this stolen information to mix and match names, birthdays, Social Security numbers and addresses with other fabricated information to create synthetic IDs. Once the synthetic identity is made,…

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05/12/2017

Rebuilding Bank Customer Trust After Fraud

Fraud continues to grow, and consumers know it. In fact, they’re downright afraid of the prospect of fraud and identity theft. When it occurs, bank customers want to know who’s responsible. If they can’t assign blame elsewhere, they’re likely to hold their financial institution responsible and switch banks, a new study from Carnegie Mellon University…

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04/19/2017

Combating Ransomware: Back Up, Patch Up, Catch Up

By Eugene Bekker, Chief Security Officer, EZShield Ransomware, the computer malware designed to hold your devices and files ransom, can pose a huge threat to your company. Once a device is infected, it only takes a few seconds for a ransom note to display —demanding payment in exchange for a key to unlock your system….

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03/09/2017

Why the CFPB Thinks Your Data Stinks, and What You Must Do About It

How good is the data your financial institution shares with consumer reporting agencies — the same data other FIs may rely on when deciding whether to approve or decline consumers’ applications for second-chance checking accounts? Not good enough, according to the Consumer Financial Protection Bureau. Earlier in 2016, the CFPB sent out a compliance bulletin…

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02/23/2017

Public Information Threatens Your Business Security

By John Burcham, EZShield Is your business more public than you think? In this overwhelmingly information-rich world, the answer is a definite yes. And if it’s public information, it has every legal right to carry on. Among social media platforms, review sites, consumer blogs, industry forums and business search databases, there’s a good chance that…

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02/09/2017

Is IoT Opening Up Your Business to Cyberattacks?

By Laura Bruck Finding solutions to help your company run smoother and faster is what you do as a business owner. Since the Internet of Things (IoT) (aka “smart” devices) assist with efficiency, it’s likely that these devices have a regular role in your business. As of 2016, 65 percent of U.S. businesses use IoT…

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01/12/2017

IoT Technology: Convenience at the Cost of Security

by John Burcham The term “Internet of Things” (IoT) was introduced to the world by Kevin Ashton in 1999 as merely the title of a business presentation. Today, the term is used to describe a vast network of people and things — “smart devices” like cars, home control systems, wireless printers, gaming consoles, etc. —…

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