Tech Portal: Software firm urge banks to update security

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Image source: Article

Banks and payment service providers are being ordered to update their security systems in order to protect customers from the threat of identity fraud. It’s feared that new security roles that are coming into play imminently could open a gaping hole for fraudsters to take advantage of.

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Billions Stolen from 12.7 Million Identity Fraud Victims in 2014

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Image source: Article

The 2015 Identity Fraud Study by Javelin Strategy & Research reveals that 2014 was a mixed year in the fight against identity fraud, with some advances and some setbacks. The study found that fraudsters stole $16 billion from 12.7 million U.S. consumers last year.

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