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Online Fraud: EMEA Organizations See it as the Biggest Treat

Account takeover and application fraud experienced the most activity in the past 12 months • ID theft expected to grow and become significant concern for nearly half of credit providers in EMEA Experian recommends the following actions: Attain multiple and new sources of data Achieve a holistic view of customers Provide real-time, consistent and pre-qualified decisions Use multi-channel automation across ... Read More »

New UK Fraud Industry Body Will Highlight the Cost of Fraud

PKF Littlejohn and Experian to revive the government’s fraud cost estimate.  UK’s only indicator on the total cost of fraud to be launched this year.  A new industry body has been set up to highlight the cost of fraud to UK businesses, charities and the public. The UK Fraud Cost Measurement Committee will seek to revive and enhance the government’s previous Annual ... Read More »

Data Breaches Could Cost UK Businesses 20bn Pounds

New regulations will significantly raise reporting and financial stakes for companies.  Two thirds of customers affected say they would cease doing business with an affected organization.  New figures reveal that mid-sized and large businesses could be in line for fines totalling £20bn if they fail to protect their customers from data breaches.  Companies that suffer a breach could face serious ... Read More »

Postrecession Start-Ups have Decreased 44.7 Percent

Experian® announced that the number of businesses started each year after the recession has decreased substantially — nearly 45 percent (44.7 percent).   According to an Experian analysis on business start-ups, in 2010 29.1 percent of all small businesses were newly formed, while in 2014 just 16.1 percent were start-ups. The analysis also found that the restaurant industry was the top ... Read More »

Payment Security: MIDAS Alliance Launched in Europe

MIDAS Alliance Created to Solve Payments Security Challenges Raised by Mobile Wallet Security industry collaboration seeks to create solution before August deadline for new payment rules. While the introduction of the mobile wallet has created a lot of excitement across the retail and financial services industries, the European Central Bank (ECB) is pushing for greater security standards. When the ECB’s ... Read More »

Organizations Across EMEA See Data Integration as Biggest Challenge

Experian Research: 69 PER CENT OF ORGANISATIONS ACROSS EMEA SEE INTEGRATION OF MULTI-CHANNEL CUSTOMER ACQUISITION AS THEIR BIGGEST CHALLENGE New market research launched today reveals the five new rules of customer engagement that will satisfy the demands of the new and growing generation of less-loyal and self-service customers of the future More than two thirds of organizations across Europe, the ... Read More »

Experian Data Quality Launches New Self-Service Email Validation Tool

True software-as-a-service offering provides leading bulk email validation for transactional pricing Experian Data Quality, a leading provider of data quality software and services, today announced the release of self-service bulk email validation on https://www.edq.com. This is the first in a new line of self-service software-as-a-service offerings the company is releasing to provide customers with additional access options to data quality tools, allowing them ... Read More »

Linking Data is the Biggest Challenge for Global Marketers

Annual global research identifies linkage, technology and organizational structure as the three key challenges in digital marketing Digital marketers are facing an on-going battle getting to grips with the huge amounts of data they have to work with. The biggest hurdles and key priorities for marketers this year are dependent on having accurate, enriched data, linked together in a central location ... Read More »

Sinosure Signs Partnership Agreement with Serasa Experian

The China Export and Credit Insurance Corporation (Sinosure) and Brazil’s largest credit report company, Serasa Experian, signed a long-term partnership agreement to collaborate on credit information and support services – the company’s first such agreement with a major Latin America-based company. Sinosure reportedly has partnerships in place with more than 120 credit information companies around the world. Source:  Xinhuanet.com Read More »

Experian Appoints Barry Libenson as CIO

Experian, the global information services company, has appointed Barry Libenson as Chief Information Officer (CIO). Prior to joining Experian, Barry was CIO of Safeway in North America. Reporting to Kerry Williams, Chief Operating Officer of Experian, Barry will be responsible for the development and delivery of the Group’s global technology strategy. “Barry’s strategic, operational and leadership experience will enable us ... Read More »

Equifax, Experian, TransUnion in Settlement of US$6 m with 31 State Attorneys

Equifax, Experian and TransUnion have agreed to improve their approach to fixing mistakes on credit reports and address consumer disputes more effectively under a $6 million settlement with 31 state attorneys. The credit bureaus pledged to more closely scrutinize companies that furnish them with data and to curb the marketing of credit monitoring products to consumers who dispute information on ... Read More »

London Identity Theft Rates Almost Three Times Higher

Central London and outer areas of the capital face significant targeting by identity thieves London is the country’s identity theft capital, with significantly higher rates than anywhere else in the UK. The statistics are based on the number of fraudulent applications across financial products including: current accounts, loans, mortgages, savings accounts, insurance, automotive and credit cards. The 2014 figures, which ... Read More »

Comprehensive Credit Reporting in Australia Faces Obstacles

Experian is disappointed with the take-up of comprehensive credit reporting in Australia, saying credit providers appear reluctant to share additional customer information because they are afraid that competitors will get an advantage. Experian outlined its concerns in its submission to the Australian Competition and Consumer Commission in response to an application by the Australian Retail Credit Association for authorization of ... Read More »

Cyber Security: Experian Poll Suggests that Spain’s Businesses are Not Adequately Protected Against CyberFraud.

An Experian poll of senior managers in leading Spanish businesses reveals that 60 per cent of large Spanish organizations are not adequately prepared to deal with evolving cyberfrauds. The poll, which was conducted among 150 senior managers, revealed that a strategy resilient enough to proactively manage fraud and protect those organizations against hackers, fraudsters and identity thieves, was yet to ... Read More »

To Make Ends Meet:  Australians Struggle to Reduce Debt as Cost of Living Continues to Rise

Eighty-eight per cent of Australians say day-to-day expenses, rent or mortgage repayments, groceries and bills, are the most common roadblocks to paying down debt, according to new research by Experian, the global information services company. Experian research also showed 65 per cent of Australians incorrectly believe contributing to superannuation or saving money can have a positive impact on your credit ... Read More »

Experian and Kredi Kayit Burosu (KKB) Turkey in Partnership on Data Governance

The joint initiative will enable banks to make more accurate credit decisions, thanks to increased data quality. Experien and Kredi Kayit Burosu (KKB), the first and only credit bureau in Turkey, have signed an agreement for a project that will ensure more accurate credit decisions are being made, thanks to the most comprehensive data quality project that has been carried out ... Read More »