“An epic year for data breaches” is how one data security industry publication described 2013, citing examples like the well-chronicled breaches at Target® and Adobe® (American Banker, Naked Security, February 19, 2014). The residual effect: Any industry handling sensitive consumer records took a fresh look at its practices. Likewise, regulators updated their rules about the security practices of third-party vendors.download pdf
The potential for identity theft has increased astronomically and financial institutions are doing everything they can to build back customer confidence and trust; below are a few great ways to accomplish this in the wake of recent industry breach events. As it turns out, building account holder trust often comes down to customer engagement.
The latest hot topic and important marketing trend that will likely never go away, is the converging of technology and tools to collect and access consumer data. Marketers can now...
With Software-as-a-Service (SaaS) solutions, which is commonly used at financial institutions for instant in-branch card issuance, the software is updated, maintained and secured by cloud-based service providers. This option requires little IT overhead, eliminates disruptive and expensive software updates and improves security and scalability.