Today's children are being "datafied" from the moment they're born. Parents are now increasingly anxious over the expanding commercial collection and exploitation of children’s data, with potential consequences that can lead to extremely unsafe situations for both the child and the family.
By now, it’s safe to assume that everyone’s personal information has been compromised in some way. The digital nature of our world come with risks and since the cyberthreats facing us all extend beyond the four walls of the workplace, so should our cybersecurity efforts.
Equifax breach demonstrates how data breaches are getting bigger and more frequent. Is identity theft protection no longer optional in the digital age?
The pace of cross-industry fraud is accelerating and becoming more costly and this is exacerbating the identity theft problem. New fraud study from LexisNexis reports that 84% of organizations had been the victim of cross-industry fraud.
No one would argue that 2018 was a turbulent year for cybercrime and identity theft, and there’s no doubt that we’ll continue to outpace this volume and velocity. How can organizations empower themselves – and their employees – to protect sensitive personal and company data?
The FTC reported that identity theft doubled during the pandemic as scammers targeted COVID-19 relief payments to individuals and government-sponsored loans for small businesses.
The threats posed by identity theft are not lost on organizations and identity theft protection services are expected grow over 11% and generate revenues worth over US$ 8.2 billion in 2019.
Increased credit card usage has resulted in higher rates of credit card fraud, and financial institutions are bearing the brunt of the financial losses. Recently, fraudsters are committing synthetic identity fraud by cultivating identities and developing credit histories over time leading to the call for new solutions.
Consumer trust has taken a hit over the past year. Retailers now need to offer identity protection services to regain confidence of holiday shoppers.