socure, Data Breach, Fraud, Digital Identity

Can we secure online identities?

Posted by Socure on Oct 30, 2018

How can we secure identities online? In a brief video interview with Yale Insights, Socure’s Co-Founder and Chief Strategy Officer Sunhil Madhu discusses the current state of affairs when it comes to data breaches and fraud (spoiler alert: it’s safe to assume everyone’s data has been stolen several times over); the ways in which current tokenization efforts are not enough; and how social networks and connections are the wave of the future (and the present) when it comes to verifying and securing identity.

Authentication, Fraud Prevention, Digital Identity

What Businesses Can Do About a Trillion-Dollar Fraud Problem

Posted by Sunil Madhu on Aug 22, 2017

Data breaches happen every day. Astonishingly, over nine times the population of the United States’ data was stolen in 2016 alone. Data breaches affect not only merchants but large-scale financial institutions like banks, credit card companies and credit bureaus that store a lot of information about consumers. It now costs about $4 on average to buy someone’s stolen identity data and mere hours of trolling people’s social media exhaust to learn enough to commit fraud. Fraud costs trillions of dollars to world economies annually. For consumers whose identity data has been stolen, the impact on their lives can vary from being a nuisance to financial and emotional trauma.

Download the ID+ Data Sheet

DOWNLOAD

Subscribe to receive the latest Socure posts.