Good Morning All☺
Wanted to share with you some information in relation to credit fraud and the impact it has on personal customers risk.
A recent report from IBM and the Ponemon Institute found that more than 8.5 billion records were compromised in data breaches from companies in the span of one year to April 2020. The average cost of a mega-sized data breach was $3.86 million. However this doesn’t stop here as it can equally impact on personal customers, therefore it is imperative to give some thought to cover for individuals and families to prevent this fraud continuing.
The ARGenesis perspective on this is that things are changing rapidly within the digital space, whether it be on a personal or commercial exposure and a strong data strategy is needed together with data analytics to support and protect the interests of the customers. If you haven’t already got something in place, or need to rethink your data strategy to incorporate these issues we can certainly help to support your journey using our expertise in data services, so please do get in touch.
Best regards
ARGenesis Management Consultancy