The Bare Facts: Why You Need Fraud Protection Services for 2017
By 2017, over a third of the world’s population is projected to own a smart phone, with an estimated total of almost 2.6 billion smartphone users worldwide. Recent research has shown that consumers pick up their mobile phones 150 to 200 times a day! We are living in a digital age, where with one touch of a phone button we can connect to our home, work, cars and leisure activities. 2017 looks set to be an exciting year where artificial intelligence and mobile pay will be able to automate many of our routine tasks and actions.
However, improved connectivity brings with it the risks of increased accessibility to your personal data. Cyber criminals are everywhere, just waiting to hack into your accounts to grab your data and steal your personal details. With compromised data breaches dominating the headlines in the past couple of years, it’s hard not to have some concern about fraud. Improved technology such as end-to-end encryption and two-factor authorization should make some online activities safer, but experts predict fraud will remain a growing problem for years to come.
Now more than ever, you should consider investing in fraud protection services and identity theft protection services. These are common scenarios that can occur if you leave your data unprotected.
1. Email account hacking
You use your email account like Gmail for logging into many accounts and services, as well as conducting your work and business. If your Gmail account or Yahoo email hacked and you are locked out of your account, your business could grind to a halt. Gaining back control of your email account is not a simple task, and you may prefer assistance from fraud protection services such as LogDog, whose staff are experts in getting you up and running to prevent your account from being hacked.
2. Social network compromised
Most people have experienced the embarrassment of clicking on a link or video in Facebook and finding out that it is a virus. In 2017, more enterprises are using social networks like LinkedIn and Slack for conducting their business. If your Facebook account was hacked, it could do permanent damage to your business and personal reputation by spamming all your contacts.
3. Data breaches
In 2016, there were almost 3,000 public data breaches, exposing more than 2.2 billion records.
Most people store their data on a cloud-based system like Dropbox or Google Drive. Imagine having your Dropbox hacked and all your private and company information was made public.
4. Credit card fraud
Even with new EMV chip card technology for credit cards, fraudulent credit card activity is predicted to increase in 2017, with fraudsters consistently opening new accounts. Constant monitoring of credit card usage is vital, but not sufficient to detect if your credit card is being used on the black market. The best coverage you can give yourself is investing in credit protection services, like LogDog’s CardProtector, which informs you of unusual credit card activity.
5. Identity theft
Over 15 million Americans were victims of ID theft in 2016. Identity thieves can use your personal identity to apply for loans, benefits, credit cards, and even access your bank account. Your main line of defense to protect against identity theft is learning about cyber security and using experts like LogDog, identity theft protection for iOS or Android.
How do fraud protection services work?
Intelligent technology continuously monitors your accounts for suspicious or unusual activity. Your data is checked 24/7 against a huge number of parameters to identify unauthorized access. When this occurs, you are sent a notification alert to take action to control of your account and to notify your service providers. Fraud protection services just require that you download the app on your mobile device, and connect all the accounts you want to protect. Download LogDog now, and after a week of monitoring your usage behavior, all your accounts will be securely protected from intruders.