It is essential for corporations to safeguard their business-to-business (B2B) interactions. While the IdentiFraud Consumer is important for verifying consumer data, IdentiFraud Corporate helps with verifying and assuring the integrity of business partners.
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A long drawn out lawsuit between Wyndham Worldwide and the FTC is finally done. The Wall Street Journal states that the corporation ‘failed to provide reasonable cyber security protections for its customer data.’ Unlike typical deals of this nature, Wyndham was not required to pay any financial penalties and is not liable for any of the violations.
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- Fraud Prevention, Identity Fraud
Black Friday and Cyber Monday have already kicked off the holiday shopping season. To avoid the mall and store crowds, customers may prefer to shop at online retailers. Consumers face fraud risks online and shopping in-stores; however, there are various ways that retailers can protect customers and their information from getting into the hands of fraudsters.
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The Hong Kong based toy manufacturer VTech, is a recent victim of a data breach. VTech’s database was breached on November 14. In the breach, VTech's online platform the Learning Lodge app store was affected, which is connected to a variety of the brand’s devices. A breach of this kind is different to the majority of companies, because of its impact on children, in addition to their parents.
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The National Football League (NFL) season is more than halfway over and fantasy sport game websites are changing their game plan on identity verification. There are numerous fraud risks with online payment; however, online gaming has additional risks beyond stealing a person’s credit card or debit card information. News’ outlets have addressed issues, which include the legitimacy of fantasy sport’s websites such as Fan Duel and Draft Kings to the possibility of the Attorney General of New York banning the websites.
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