Breach Clarity

Breach Clarity Premium

The traditional approach to fraud prevention starts too late and costs too much. Instead, engage customers early when their personal information has been exposed in a data breach to stay ahead of fraud, reduce losses, and strengthen the relationship.

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Ron Shevlin

Managing Director of Fintech Research, Cornerstone Advisors
& Senior Contributor, Forbes

“For banks, it’s more than just doing some nice for their customers—it’s an opportunity to reduce costs for: Fraud – Banks spend roughly $40 billion in fraud. Driving more consumers to adopt two-factor authentication and other actions that prevent identity theft, banks should see a reduction in that expense. Customer support – Not included in that $40 billion estimate is the cost of supporting consumers who are fraud victims of fraud. One out of every two breach victims has called their bank’s call center for support.”

Simple integration with digital channels

Breach Clarity Premium is designed to integrate easily and seamlessly with your online and mobile banking channels

Build ongoing engagement and trust

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Data breaches are a costly and growing epidemic that is raising consumers’ alarm. Meaningfully engage your customers each time when – and not if – their data is compromised.
• Deliver on-demand insights for any data breach
• Provide auto-generated personal breach histories
• Advise of specific and personal risks
• Empower with explanations and clear guidance
• Create paths to take effective action

Breach Clarity Score™

Breach Clarity's algorithm deeply analyzes and assigns every publicly-reported data breach a Breach Clarity Score, most-often from 1 to 10. The higher the score, the more severe. (In rare and extreme cases, the score can exceed 10.) Think of it as a "Richter Scale" for data breaches.

Reduce the potential for and impact of financial crime

Start the fraud mitigation cycle earlier by motivating customers to take protective actions immediately after their personal information is compromised.

Strengthen customers’ financial wellbeing

Your customers' financial health is at risk when they are vulnerable to identity theft and financial crime. We ensure identity security and fraud mitigation are integrated into your total financial wellbeing efforts.

Value We Bring to the Industry

Ben Wallach

Cyber & Fraud Senior Advisor

Quantifying the implications of each data breach

“One hundred years ago, beyond feeling the ground shake, there was no way to quantify the impact of an earthquake. One hundred years from now they will be saying the same thing about data breaches. Breach Clarity is quantifying the implications of a breach, the implications of one or more breaches on an individual, and prescribing precise actions that should be taken. This goes far beyond the universal action of today which is to purchase credit monitoring for the victims.”

Tom Shaw, USAA

Former VP of Financial Crimes Management

Instills trust and confidence in your institution

“Breach Clarity will tell your customers exactly what actions they should take based on the risk level and the amount of their personal information exposed in a data breach in order to minimize their risk of identity theft and the associated financial and mental stress. It instills trust and confidence in your institution and shows you are serious in protecting their identity and financial well-being.”

Matt Macomber

Founder, TMG Solutions

Deepens customer relationships and simple to implement

“Increasingly, banks and credit unions are looking to be financial health stewards for their customers and provide services that enhance their financial well-being. Breach Clarity deepens the customer relationship by demystifying data breaches and providing personalized, actionable intelligence. It uses a proprietary system built from years of industry expertise, and even better – It’s simple to implement.”

Sample Use Cases

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Strengthen Financial Health, Engagement, and Loyalty

Aggregate customers’ breach histories from sources such as normal inquiries, email address searches, and transactional data to become a single resource that protects customers’ financial lives from fraud, and provides greater peace of mind.

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Drive Engagement with Customer-Facing Tools

Connect customers with underused controls to improve ROI, reduce fraud risk, and bolster the sense of account security.

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Reduce Call Center Volume After a Major Breach

Direct customers to digital channels after a major data breach to prevent an influx of phone calls that are difficult for customer service associates to satisfactorily resolve.

The only tool that engages customers around their personal data breach and fraud risks.

BC Premium

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