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8 Strategies to Protect Assets from Cybersecurity Threats and ID Theft

Due

We know that retirees are more vulnerable to cybersecurity threats. In this article, we will cover eight strategies to help guard against cybersecurity threats and identity theft. Cybersecurity consultants or freelance IT professionals specializing in encryption can help you get started.

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A look back at 2024: 5 trends in credit management from the past year

Onguard

Trends in credit management #4: Growing digitalisation of work processes The growing AI presence in the past couple of years has put work efficiency in the spotlight, due to its potential to automate repetitive, time-consuming tasks (credit scoring, payment processing, customer communications, etc.).

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Is Granting Credit Terms Worth the Risk?

Your Virtual Credit Manager

Ensure the account meets your cybersecurity requirements. As the preceding chart illustrates, different commercial credit scores on a specific customer can move in different directions, and will also vary trend-wise compared to the averages for your portfolio. Is their data secure?

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Emerging Risks in Digital Lending

Biz2X

Cybersecurity Risks As digital lending platforms have become more common, they have also become more visible as targets for cybercriminals to attack. Data breaches, ransomware attacks, and phishing scams are significant risks for both lenders and borrowers.

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Technologies That Will Disrupt Banking

Biz2X

Cybersecurity solutions help protect customer information and assets. Machine learning (ML) algorithms that take AI to the next level enhance credit score modeling, which helps banks make better personal and business lending decisions. They also assist banks in derivative pricing and improving their cybersecurity programs.

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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

Biz2X

These technologies enable more accurate and nuanced credit scoring models, which can assess borrower risk more effectively than traditional methods. Banks and lenders will invest more in robust cybersecurity measures to protect sensitive customer data.

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Here’s Your Quick and Easy Guide to the Small Business Administration

Fundera

Why and how can you prepare your small business’s cybersecurity ? Finally—although the Small Business Administration doesn’t mention this—your personal credit score will be a major part of your SBA loan application. The higher your score, the more likely it is that you can qualify for a loan. Hint: a lot.).