Source: National Cyber Security – Produced By Gregory Evans
Payment-card data breaches have exploded in the last year, making customers leery of shopping at certain retailers and using credit-cards in general at many merchants. Affecting millions of consumers, the cost of credit-card and debit-card fraud rose to $11 billion in 2013, up $3 billion since 2012, as identified in the 2014 Identity Fraud Report from Javelin Strategy & Research. This said, credit card fraud is nothing new – although the frequency of it happening at seemingly protected retailers still tends to shock consumers. The Federal Trade Commission describes credit card theft as happening in a variety of ways, including “low tech dumpster diving to high tech hacking”. Yet as technology advances and digital payments become increasingly popular, how can a consumer ever feel safe? One way that customers can begin to feel at ease is by incorporating fraud surveillance and identity theft resolution products into their lives. It’s reassuring to see that market demand drives innovation and that consumers can finally get what they need and deserve,” shares Gartner Security Analyst Avivah Litan. In particular, Litan is referring to the recently launched collaboration of ProtectMyID® and BillGuard, the first of it’s kind card fraud monitoring mobile application. By ProtectMyID® and BillGuard joining together, customers and employees alike can gain a comprehensive product […]
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