You probably already know that millennials are the largest, most diverse generation of Americans, comprising a third of our nation’s population. But how are they consuming financial services today and what can you do to capitalize on this valuable segment?
Fifty-four percent of those 2014 breaches related to identity theft; 17 percent to financial access; and 11 percent to account access. And in that year, 32 data records were lost or stolen every second—averaging out to almost 2.8 million a day. In a world of widespread breaches, card issuers must look at reissuance as an opportunity.