Victims of identity theft face a number of non-financial ramifications – from sleep problems to severe mental health effects, research shows. Perhaps it’s no wonder victims often become disenchanted with their financial institutions, leading to attrition. In this Credit Union Times article, Kevari President Adam Elliott encourages businesses to acknowledge the emotional and physical toll identity fraud is taking on victims and to do more to prevent identity fraud from happening in the first place.
Kevari is fighting to win the battle against account takeover and new-account fraud. With protection from Kevari, banks, credit unions, financial services companies, and other businesses can preserve profitability, safeguard customer relationships, and strengthen their business reputation.