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Posts tagged with "Deluxe Provent"

01/18/2018

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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12/18/2017

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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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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06/30/2016

Don’t Let Employee Identity Theft Become a Business Problem

By Laura Bruck, VP Marketing at EZShield You don’t need to be the direct victim of an identity theft or fraud to become collateral damage. One in 12 Americans are affected by identity crimes each year. Your employees could be some of the millions that are affected by these crimes. As a result, your business…

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03/31/2016

Fast Detection Trumps Remediation in the Eyes of Account Holders

Does your financial institution take pride in its speed and agility when it comes to helping account holders remediate an instance of identity theft? No matter how much they may appreciate the help, for account holders who’ve fallen victim to identity thieves, remediation can feel like closing the barn door after the cows have escaped….

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