Loyalty programs are big business for retailers and fraudsters alike. From airline miles to hotel stays to free coffee, consumers are extremely willing to share personal information with their favorite stores for rewards. Fraudsters are increasingly targeting these loyalty programs because consumers often don’t treat it like real money. The end result — $1 billion a year ends up in the pocket of these scammers. Continue reading
Breached Personal Information: The Shared Responsibility Between Consumers & Organizations
Our connected world has made us all more vulnerable to fraud and identity theft. With major security incidents from Equifax and Facebook compromising millions of consumers’ personally identifiable information (PII) – and now most recently Google+ – limited identity protection services for breach victims are staple items in organizations, big and small.
While reactive measures can help address and resolve identity crime after it occurs, the best way to address fraud and identity theft is by taking a proactive approach. It’s really a two-fold awareness strategy relying on both technology and human vigilance.
Here’s What You Need to Do When Identity Crime Strikes
From a single fraudulent transaction to complex identity theft, identity crime can cause confusion and incite panic and fear – especially when it happens to you.
Identity crime is often a result of multiple factors collectively working together: the exposure and misuse, then theft of personal and financial data. In fact, only two data points are needed for identity thieves to commit synthetic identity theft – a type of identity crime that doesn’t require your entire identity.
Today’s connected world calls for us to better understand the three key areas of identity crime with tips to help address threats within each.
Not Your Average Email Communication
The European Union (EU) made recent changes to its data privacy regulations (the General Data Protection Regulation, or GDPR) that went into effect on May 25, 2018. These regulations mandate that companies clearly communicate how and why they are collecting consumer data.
While these regulations directly impact European businesses and consumers, they are still relevant to those of us in the U.S. that utilize international services such as social media, smartphone apps and more. Let’s walk through some common questions about these new data regulations, and what they mean for Americans.