Unlock Employee Data Security: The Key to Safeguarding Your Organisation From Fraud

Have your employees ever received an email from the CEO asking for urgent help, prompting them to share their contact details immediately? Or maybe a message from Microsoft Outlook reminding them to reactivate their account after system upgrades? These scenarios may not seem particularly alarming at first glance, but as Hong Kong faces a significant rise in fraud cases,¹ vigilance in today’s digital world is more crucial than ever. In fact, 33,923 incidents were reported in the first 10 months of 2023, marking a 52.1% increase from the previous year, with nearly 70% of these cases being online scams. Additional research² found 74% of Hong Kong consumers have been targeted by fraudsters and 13% have fallen victim. Among the victims, 87% experienced monetary loss, with 33% losing over HK$50,000.

Phishing emails are the most common type of scam businesses and employees face. However, this is just the tip of the iceberg. Data theft is a newer, more insidious form of fraud that can lead to severe consequences, including data breaches, financial loss and reputational damage. As employees tend to reuse passwords across various platforms and applications, the risk to organisations increases drastically. Credentials include login information, such as usernames and passwords, and other sensitive data employees use to access company systems and applications. Even with a strong password policy in place, it’s not enough to fully protect against these potential threats. 

Earlier this year, a group known as “Shiny Hunters” leaked over 73 million records on the dark web, including data stolen from telecommunications company AT&T³ and tech giant Microsoft’s private GitHub repositories.⁴ Credential theft can also cause a fallout of compliance-related and legal repercussions.

To prevent such fraud from occurring, organisations must adopt a multifaceted approach. This includes proactive security. By applying cybersecurity measures like TransUnion Dark Web Monitoring on an individual level, you can empower your employees to take charge and safeguard their identities.

Imagine the sense of security you can provide by monitoring your employees’ data against potential misuse. This is what all organisations should strive to do. TransUnion Dark Web Monitoring services continuously scan the dark web for any compromised employee personal data and alerts employees in real time. It also provides actionable steps when a potential threat is detected so they can quickly mitigate risks associated with data breaches. Keeping your employee data in the light where it’s monitored closely is essential in preventing these threats from growing in the shadows.

The Dark Web Monitoring service offers robust packages designed to shield consumers from the repercussions of their personal data being exposed on the dark web. It allows organisations to offer their employees peace of mind, enhancing their confidence in the company’s commitment to their personal security.

Contact the TransUnion sales team to learn how your organisation can safeguard its employees from cybercriminals and the dark web.