COSTA MESA, Calif., May 18, 2016 /PRNewswire/ — Experian®, the leading global information services company, is offering fraud prevention strategies to businesses and consumers to manage risk and increase security when using Internet-enabled products, also known as the Internet of Things (IoT).
In addition to connected devices such as smartphones and tablets, a tremendous number of consumer products — including cars, heart monitors and household appliances — are now connected to the Internet. Many of these connected products have weak security and controls, creating points of weakness in users’ critical private networks, systems and data.
“The Internet of Things is only as strong as its weakest link, and it is important to fully understand what an interconnected environment means,” said Adam Fingersh, senior vice president and general manager of Experian’s fraud and identity business. “Opening products and services to the Internet dramatically increases the opportunities for cybercriminals, who can hack those products to get into your broader systems.”
Fingersh continued: “As more and more products are connected, a casual mindset about the security risks inherent in IoT can create significant risk. Knowing that, we are sharing the following tips for both consumers and businesses.”
Consumers
To help consumers protect themselves against the risks and vulnerabilities regarding the Internet of Things, Experian’s global Fraud and Identity business has developed the following tips:
In addition to consumers enjoying the benefits of online access to multiple devices, businesses also need to be accountable. Fingersh adds, “Thoughtfully applying appropriate levels of holistic thinking will go a long way toward ensuring that your business’s contribution isn’t the weakest link and that the Internet of Things continues its rapid and exciting growth.”
Businesses
Experian encourages businesses to work with the mindset that any product poses a significant potential for threat. The tips below were created for businesses to use as a guideline:
Learn more about Experian’s Fraud and Identity business.
About Experian
We are the leading global information services company, providing data and analytical tools to our clients around the world. We help businesses to manage credit risk, prevent fraud, target marketing offers and automate decision making. We also help people to check their credit report and credit score and protect against identity theft. In 2015, we were named one of the “World’s Most Innovative Companies” by Forbes magazine.
We employ approximately 17,000 people in 37 countries and our corporate headquarters are in Dublin, Ireland, with operational headquarters in Nottingham, UK; California, US; and São Paulo, Brazil.
Experian plc is listed on the London Stock Exchange (EXPN) and is a constituent of the FTSE 100 index. Total revenue for the year ended March 31, 2016, was US$4.6 billion.
To find out more about our company, please visit http://www.experianplc.com or watch our documentary, “Inside Experian.”
Experian and the Experian marks used herein are trademarks or registered trademarks of Experian Information Solutions, Inc. Other product and company names mentioned herein are the property of their respective owners.
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SOURCE Experian
