identity theft cybersecurity bryan ansley

Secure data breaches have become a major issue facing credit unions today. Identity theft affects profits, raises marketing and new customer acquisition costs, tarnishes corporate reputations and generates customer and employee lawsuits. It creates one giant headache for financial services companies, and that headache isn’t going away anytime soon.

In fact, a survey commissioned by Secure Identity Systems found that 35% of bank customers are only somewhat or not at all confident that their personal information is secure at their financial institution. How does your organization handle this lack of customer confidence?

The face of identity theft is always changing – and it’s getting smarter. But, it’s not all gloom and doom for the banking industry. Now more than ever before, banks and credit unions have an opportunity to amp up their security practices to combat the next level of identity theft, and increase their ROI at the same time. Here are three such security investments with a guaranteed ROI.

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