IoT Devices Create Privacy Nightmares for Banks, Small Businesses
- Date:January 31, 2024
- Author(s):
- Jennifer Pitt
- Report Details: 6 pages, 3 graphics
- Research Topic(s):
- Fraud & Security
- Cybersecurity
- PAID CONTENT
Overview
The Internet of Things (IoT) includes internet-connected devices used by individuals, businesses, and financial providers to ensure fast, easy access to data, information, payments, and communication. Although IoT devices offer more convenient customer and business experiences, the privacy and security costs may be too high for everyone, including financial institutions.
This Javelin Strategy & Research report attempts to explain how personal and financial information shared or stored on IoT devices can be accessed by hackers and cybercriminals, wreaking havoc for financial providers, small businesses, and consumers. This report reviews the steps that can be taken to secure IoT devices.
Learn More About This Report & Javelin
Related content
2024 Identity Fraud Study: Resolving the Shattered Identity Crisis
The Javelin Strategy & Research 2024 Identity Fraud Study provides a comprehensive analysis of fraud trends in the context of a changing technological and payments landscape. Its g...
Pig Butchering Scams: How Banks Can Stop the Slaughter
Pig butchering is a devastating, multilayered, drawn-out investment scam that leaves victims with nothing. By implementing robust customer education, employing effective fraud dete...
Customer Contact Centers: Heroes in Cybercrime Remediation, Fraud Prevention
Criminals increasingly use cyberattacks and scams to target consumers, and FI call centers are often relied upon for victim assistance. The key will be FI customer-oriented contact...
Make informed decisions in a digital financial world