PayThink Fraudsters are winning, and issuers' reputations are hurting

In this new era of heightened attacks on identity, consumers are more fearful than ever about their identity being stolen by fraudsters and used illegally, damaging their credit and their future ability to secure loans or perform other vital financial transactions.

The steady cadence of highly publicized incidences of personally identifiable information (PII) theft has escalated this fear to a fever pitch. As a result, consumers are placing greater pressure on banks, lenders, card issuers, retailers and others to improve their defenses against fraudulent actors looking to steal, sell and use their PII.

Not only do they expect organizations that hold their data to protect it, increasingly they are holding them accountable when those safeguards fail.


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