Creating Cyber Risk-Free Environment for Customers

By Enterprise Security Magazine | Wednesday, August 14, 2019

Organizations need to introduce security, detection, and resolution measures both internally and externally to retain clients, particularly in the commercial industry.

FREMONT, CA: Banks are more accountable than ever for handling more information across more devices, all while driving innovation and striving to exceed expectations. It’s a high order.

Meanwhile, as reported by the Identity Theft Resource Center, information exposure continues to increase, with the number of compromised customer documents jumping 126 percent in one year. Identity theft is now the 21st century’s fastest-growing crime, weighing strongly on most people’s minds. This rise in fraud and identity theft instances coupled with competitive and regulatory pressures makes it a top priority for banks to safeguard their clients, staff, and associates against identity-related offenses.

Much of the activity of data breach can be ascribed to the velocity with which new techniques emerge, and the rush continues. A good illustration of this pressure is the move toward mobile banking and mobile…