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Insights that
drive results

Posts in category "Fraud Prevention"


Can You Spot a Synthetic ID? The $6 Billion Mistake in Banking

By Laura Bruck, EZShield New research from the Auriemma Consulting Group (ACG) paints a bleak picture of the state of synthetic identity theft and its hit to the banking industry. Synthetic identity theft cost banks $6 billion in 2016. Five percent of charged-off accounts and up to 20 percent of credit losses are thought to…

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Recap of 2017: Sharing Our Top Five Blogs From the Year

Well, the end of the year is quickly approaching which is a great time to recap another great year for our blog. I just wrapped up my fifth year of being editor of the blog and I am excited about some of the changes we’ve seen this year. We did a reorganization of the existing…

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Banking on New Revenue? How the Right ID Protection Partnership Can Help

By Laura Bruck The FDIC 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…

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5 Things Consumers Think About Fraud and ID Theft Protection

Does your financial institution really know — and care about — the fears that keep your customers awake at night? Identity theft and bank fraud are high on the list of worries for the average American consumer; in fact, more of them worry about falling prey to identity theft than they fear being a victim of terrorism,…

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Identity Protection’s Most Powerful Feature… Building Trust

By Laura Bruck in Partnering with EZShield Trust (n.): a firm belief in the reliability, truth, ability, or strength of someone or something. It’s a familiar concept that’s often underestimated. Trust is a catalyst for change and the foundation for strong relationships. It guides us in our daily lives, but most importantly, it dictates who…

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The Dark Web & What It Means to Your Identity

By Laura Bruck, EZShield Whether you’re an expert or know nothing about it, something in our brain rightfully associates the term “Dark Web” with criminal activity. The Dark Web can be a scary place. It’s home to thousands of Web pages used to facilitate virtually any illegal activity you could imagine. But, it’s not that…

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Rebuilding Bank Customer Trust After Fraud: Resolution is as Important as Prevention

Fraud continues to grow, and consumers know it. In fact, they’re downright afraid of the prospect of fraud and identity theft. When fraud 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 because of the fraud, a new study…

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