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2017 is expected to bring some big changes. But what do those changes mean for the financial services space? Here are 3 trends and twists Experian expects to occur over the next 12 months:
Experian integrated Cloudera Enterprise onto its cloud environment so clients can make innovative decisions in milliseconds with data as the core technology.
Internet-connected devices provide endless possibilities, but they rely on technology and collected data to deliver on their promises.
The holidays can be a stressful time for consumers — and an important time for lenders to anticipate the aftermath of big credit card spending
Using digital technology like a big bank How was your holiday? Are the chargebacks rolling in yet? It’s no secret - digital technology like mobile device usage has increased significantly over the years, making it a breeding ground for fraudsters. As credit unions continue to grow their membership, their fraud security treatments need to grow as well. Bigger banks are constantly updating their fraud tools and strategies to fight against cybercrime and, therefore, fraudsters are setting their eyes on credit unions. Even as I write this, fraudsters are searching and targeting credit unions that don’t have their mobile channel secured. They attempt to capitalize on any weakness or opportunity: Registering stolen cards to mobile wallets Taking over an account via mobile banking apps Using a retailers’ mobile app to make fraudulent payments Disabling the SIM card in the victim’s phone and diverting the one-time password sent through text message to their own phones These are clever ways to commit fraud. But credit unions are becoming wise to these new threats and are serious about protecting their members. They are incorporating device intelligence with a solid identity authentication service. This multi-layered approach is essential to securing mobile channels, and protecting your Credit Union from chargebacks. To learn more about our fraud solutions, click here.
Interesting things we learned about data quality in 2016. Our data quality report found some concerning statistics about companies and their data quality.
Fraud/cybersecurity are two of the biggest risks challenging organizations and economy. Fraud industry has $500B billion in estimated losses annually
At Experian, we’re proud to be the backbone of financial progress. We’re making sense of data and information in powerful new ways.
VantageScore found consumers rendered “unscoreable” by commonly used credit scoring models are nearly identical financial/credit behavior to scoreables
Technology sharing can unlock a more effective strategy in fighting fraud. Experian’s multi-layered and risk-based approach to fraud management is discussed
It's the holiday season - you've been breached. Fraudsters and other criminals can make one of the busiest shopping times of the year, a miserable one.
let’s look at the increasingly popular smart voice/AI assistant. Here are some insights on how consumers are using Amazon ECHO
Experian Data Breach Resolution releases its fourth annual Data Breach Industry Forecast report with five key predictions on the 2017 data breach landscape
During Thanksgiving 2015, 736 million pounds of turkey were consumed in the United States.
FinCEN and email-compromise fraud sheds additional light on the threats of Email Account Compromise and Business Email Compromise.