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How to protect your business and customers from downstream effects of data breaches
We’ve all heard about the consumer victims affected by the series of massive data breaches and the litigation being brought forth against the most recent hacking victim, Equifax.
But what’s not being talked about are the other victims of this attack: businesses where stolen data will be used to illegally to obtain money, goods, services and more. For online lenders, data breaches of the size and extent of what we’ve been experiencing can lead to devastating financial and customer losses.
Savvy lenders are proactively tackling this coming wave of fraud and not waiting for catastrophe to strike. Lenders can simultaneously protect their business against losses while becoming a critical line of defence against identity fraud for their customers. ....

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