Despite 85% of the world owning mobile devices, 88% of fraud victims across the market do not receive real-time fraud alerts which would assist with early fraud identification and prevention. So what steps are being taken? How can you protect yourself?
How Berkshire Bank is Helping…
One way to stay ahead of potential fraud is through real time detection. Berkshire Bank debit card holders, are enrolled in SecurLOCK™ Communicate, a new cutting edge resource. Utilizing real time monitoring, SecurLOCK™ Communicate is an effective fraud engagement system that uses SMS/Voice/Email fraud alert functions to stop fraud with real time consumer engagement. By responding to consumer issues within 30 seconds, this software has the potential to significantly reduce identity theft and fraud for cardholders. For detailed information regarding how SecurLOCK™ Communicate can benefit you, please visit our website.
According to the Federal Trade Commission, 490,000 consumer complaints received were regarding identity theft in 2015, a 47% increase from the previous year. Identity theft, when an individual’s personal information is stolen and used to commit fraud or other crimes, continues its rise in activity. Based on these staggering statistics, it is only anticipated to continue to grow at an exponential rate.
Being proactive is the best way to get ahead of fraud; Berkshire Bank’s SecurLock Communication helps reduce risk by implementing strategies that can stop fraud before it starts.
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