F-Secure launches ID PROTECTION to fight back against data breaches with a fast and comprehensive solution for data security
To confront overwhelming risks of data exposure that can lead to identity theft, F-Secure has launched ID PROTECTION, a new solution that provides a comprehensive approach to securing personal information and accounts.
F-Secure ID PROTECTION continuously monitors and detects exposed personal information online, responds quickly to threats to users’ identity, and doubles as a password manager to prevent account takeovers. Utilizing F-Secure’s unparalleled understanding of attackers’ mindsets and methods, this solution offers a powerful combination of human intelligence and real-time monitoring that helps track down breached data.
Read More: SIMON Markets LLC and Raymond James Launch New Strategic Partnership for Annuities
“When your data leaks, it could end up for sale on the Dark Web within months, putting you on combo lists that could make you an easy target for advanced attacks,” says Perttu Tynkkynen, Vice President, Consumer Sales and Marketing at F-Secure. “Armed with your credentials, online criminals can then easily take over your online accounts and start ordering goods with your credit card. This can happen even before the news of the breach goes public.”
A new F-Secure survey finds that nearly 4 in 10 (37%) of users are aware of at least one data breach involving an online service they use. Survey participants reported that they have 18.1 accounts on average. Given that 41% say they reuse the same password on multiple accounts and 56% use the same password on multiple accounts with slight variations, one leaked credential could quickly lead to more than a dozen breached accounts.
Despite this lack of security precautions, nearly 2 in 3 internet users (65%) report they’re worried or very worried about someone stealing their identity for online purchases or loan fraud.
Read More: GlobalFintechSeries Interview with Nick Cowan, CEO of the GSX Group
