Combating Identity Fraud - Identity theft protection ......3 U.S. Depar tment of Jus ice, “Vic ims...
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I N A V I R T U A L W O R L D Combating Identity Fraud
Transcript of Combating Identity Fraud - Identity theft protection ......3 U.S. Depar tment of Jus ice, “Vic ims...
I N A V I R T U A L W O R L D
Combating Identity Fraud
© 2015, LifeLock, Inc. 1-800-LifeLock LifeLock.com **Confidential** 2
More Connected and Mobile Than Ever Mobile devices are rapidly overtaking PCs, and companies are embracing “BYOD.”
1 Pew Research Internet Project, Mar 2014
© 2015, LifeLock, Inc. 1-800-LifeLock LifeLock.com **Confidential** 3
DIRECT TO CONSUMER MARKETING
PARTNER DISTRIBUTION CHANNELS
DIRECT SALES
STRATEGIC PARTNERS Good News for Business Mobile devices enable knowledge workers to take care of business from virtually anywhere, at any time.
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What’s the Catch?Mobile, social media-savvy employees and customers may be more likely to become identity fraud victims.
© 2015, LifeLock, Inc. 1-800-LifeLock LifeLock.com **Confidential** 5
How Big is the Problem?
1 “2015 Identity Fraud: Protecting Vulnerable Populations,” Javelin Strategy & Research, 20152 Forrester Research “Identity Theft Tracking Study, Q3 2013”
4 Federal Trade Commission, Consumer Sentinel Network Data Book for January –3 U.S. Department of Justice, “Victims of Identity Theft, 2012,” December 2013
December 2015.
Identity fraud rates12.7Million
22%Chance
6.2%Every
2Seconds
Number ofU.S. victims ofidentity theft
in 20141
Frequency withwhich someonein the U.S. is a
victim ofidentity theft1
Likelihood that avictim will
experience multipleincidents of
identity theft3
#2Complaint
Identity theft was the second most
common consumer
complaint in 2015.4
Portion of U.S.adults who havebeen victims of
identity theft in onerecent 12-month
period2
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What Puts Users at Risk? Online lifestyles open opportunities to thieves
• Oversharing personal information on social media:• Email addresses• Birthdays• Phone numbers• Screen names• GPS locations, etc.
• One wrong click in an email or a social media stream canopen up a Pandora’s box of troubles.
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Security Breaches Can Occur Despite Your Best Efforts LinkedIn • In 2012, approximately 6,500,000 encrypted passwords were
stolen and posted online.
Sophisticated criminals have learned how to exploit vulnerabilities in the banking system. • 40% of identity theft cases involve credit card accounts• 37% of identity theft cases involve existing bank accounts1
1 U.S. Department of Justice, “Victims of Identity Theft, 2012,” December 2013
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What are the Costs?
Forrester Research “Identity Theft Tracking Study, Q3 2013”2
1 “2015 Identity Fraud: Protecting Vulnerable Populations,” Javelin Strategy & Research, 2015
29%
Cost ofidentity fraud to
Americans.1
Portion of identity theftvictims who spenta month or more
resolving the issue.2
Number of victimsof identity fraud
in the 2014
12.7Million
16Billion
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What Can You Do? Consumers • Be cautious about revealing personal information on
social media sites.
• Take advantage of privacy settings.
• Shop on secure sites with URLs preceded by “https.”
• Don’t share personal information while using public Wi-Fi.
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What Can You Do? Employers • Offer identity fraud protection as an employee benefit.
• Educate employees about security best practices.
• Offer support for user-supplied mobile devices.
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Protection as a Service Identity theft protection services are a valuable benefit for all types of businesses. • Proactive alerts: Notifies clients when personal information
is being used to apply for utilities, credit cards and loans.
• Remediation: Helps victims recover if identity fraud occurs.
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What to Look for in Identity Theft Protection Services• Does the service cover identity theft and/or identity fraud?
• Is there an online portal or other simple way to track activity?
• If identity theft or fraud occurs, does the company offer remediation or do they just notify me—and then I have to take care of the issue?
• How easy is it for my employees or members to enroll?
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A Virtual Necessity for Your Business By offering identity theft protection, you can: • Build stronger relationships with employees, customers and
members.
• Ensure secure productivity for your workforce.
• Develop new business and revenue opportunities.
© 2015, LifeLock, Inc. 1-800-LifeLock LifeLock.com **Confidential**
Visit LifeLock.com/business or call 1.877.511.7906 to learn how.
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