The Landscape of Debt in America: Insights & Figures for 2023

Debt in America - Insights & Figures for 2023

Let’s dive into a topic that touches almost every American: debt. We’re nearing the end of 2023, and the financial landscape has some staggering numbers to digest.  The total household debt in the U.S. soared to a jaw-dropping $17.06 trillion in the second quarter of 2023, with credit card debt alone reaching $1.03 trillion, according […]

The 2023 State of Ransomware Report

State of Ransomware Report 2023 survey findings

An annual study of the real-world ransomware experiences of IT/cybersecurity leaders makes clear the realities facing organizations in 2023 The Sophos 2023 research report on ransomware reveals the most common root causes of ransomware attacks and shines new light on how experiences differ based on organization revenue. The report also reveals the business and operational […]

Taking Unnecessary Risks With Consumers’ PII?

Taking Unnecessary Risk with Consumer PII

ARE YOU TAKING UNNECESSARY RISKS WITH YOUR CUSTOMERS’ PII? As a lender, you are entrusted with large amounts of your customers’ PII (Personally Identifiable Information) and, according to several federal statutes protecting PII, you are responsible for the security of that data. As the originating creditor, you likely have security and access protocols in place […]

What is an auto deficiency balance?

Sales manager women handing over the keys to an auto customer after receiving a successful payment

With nearly 2.2 million vehicle repossessions every year and over $600 billion in auto loans in the United States, many consumers may be wondering what leads to repossession and why they still owe money even after their car has been taken away. This is called an auto deficiency balance. The goal of this Money Chat Article – […]

Is Your Customers’ Data Secure?

More digital services mean more fraud risk to your business, Is your customer data secure? A few things to consider

Is Your Customers’ Data Secure? With more digital services users than ever before ($5 trillion dollars have moved online), data security is top of mind for most businesses, especially in the finance industry. More users and more data mean more opportunities for fraudsters to wreak havoc. Are you prepared? Is your customer’s data secure? Fraud: […]