I find it really fascinating that in the U.S., we have the cheapest fullz at about $8/record. We know that in the countries that are the highest – Japan, UAE and Europe – they’re taking extra steps to make sure all companies are adhering to some sort of data privacy and protection. In the U.S., we don’t put it as high up on the priority list as they do, and this research clearly shows that.

Companies – and consumers – need to do better at privacy. Better passwords, having password managers, requesting multi-factor authentication. We need better regulation, better legislation. And, really, we need more overall awareness of our digital footprint. Close accounts you don’t or won’t use. Delete payment info. Reset passwords to be more than 20 characters.

It's easier to prevent a fire than to put one out.

I believe the introduction of Strong Customer Authentication (SCA) as part of the EU revised Payments Services Directive (PSD2), will reduce the risk of credit cards being stolen in the future. With Strong Customer Authentication, the financial and banking industry have enabled individuals to make informed risk-based decisions. Now individuals need to stay conscious and aware, choosing to only use service providers who protect their finances and identity with strong authentication, or multi-factor authentication. 

This regulation came into effect on the 31st of December 2020 for EU and EAA regions. As a result, we are seeing an increase in demand for identity and access management expertise to support businesses in meeting these requirements as well as balancing cost, compliance, and risk