MONETT, Mo., Nov. 6, 2014 /PRNewswire/ -- Jack Henry & Associates, Inc. (NASDAQ:JKHY) is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Its Symitar® division today announced a partnership with Stickley on Security (SoS) to give its core credit unions access to SoS Advisor, an FFIEC compliant member education and awareness service.
Credit union members were among the more than 13.1 million adult victims of identity fraud in 2013, an increase of over 500,000 from 2012 according to an Identity Fraud Industry Report issued by Javelin Strategy & Research. This means that a U.S. citizen falls victim to identity fraud every two seconds.
SoS Advisor is a Web-based utility that provides comprehensive security education on topics such as phishing, fraud, identity theft, malware, and the many other scams that circulate. It keeps members aware of all current security risks with continually updated written content, and provides the actionable information needed to help keep a member's financial information secure. SoS Advisor is designed to reduce fraud costs through education and awareness, and it has the added benefit of allowing members to promote their credit unions through social media. All of SoS Advisor's articles, alerts, education, and videos can be shared, giving exposure to members and non-members alike.
San Diego County Credit Union has already implemented SoS Advisor. CEO Teresa Halleck, said, "With a greater prevalence of fraud and identity theft in recent years, helping members protect their confidential data is of the utmost importance to us. Access to SoS Advisor educates our members about possible security risks, keeping them informed of new breaches and attacks while also helping mitigate potential threats."
Ray Spreier, CIO at Mid Oregon Credit Union, commented, "Adding SoS Advisor to our website took less than a day and we began receiving member compliments and thanks the first weekend it was live. Security education is not something that can be buried deep in a website. The news ticker option within SoS Advisor enables our credit union to promote security awareness throughout the entire site."
SoS Advisor also offers security education videos, quick tips and quizzes, allowing credit union members to choose the media most fitting their education preference. Because SoS Advisor is a cloud-based tool, credit unions can fully customize the look and feel through a Web browser and then integrate the complete solution with a single line of code to any existing webpage.
Ted Bilke, president of Symitar, said, "Our credit union clients continue to look for new and effective ways to mitigate fraud. Our partnership with Stickley on Security offers them the ability to take a proactive stance in helping their members fight back. When individuals are aware of the risks and understand how identity thieves think, they are far less likely to become victims. Providing comprehensive security awareness and education not only builds a stronger relationship between credit unions and their members, but ultimately reduces the costs associated with member fraud."
About Stickley on Security
Stickley on Security provides identity theft education through entertaining videos and written content. Designed to be incorporated into any organizations existing website, the Stickley on Security Training Solution allows organizations to keep their members up to date with the latest security threats, reducing future risk and potential losses. For more information please visit www.stickleyonsecurity.com.
Symitar, a division of Jack Henry & Associates, Inc. (NASDAQ:JKHY), is the leading provider of integrated computer systems for credit unions of all sizes. Symitar has been selected as the primary technology partner by more than 800 credit unions, serving as a single source for integrated, enterprise-wide automation and as a single point of contact and support. Additional information is available at www.symitar.com.
About Jack Henry & Associates, Inc.
Jack Henry & Associates, Inc.® (NASDAQ: JKHY) is a leading provider of computer systems and electronic payment solutions primarily for financial services organizations. Its technology solutions serve more than 11,300 customers nationwide, and are marketed and supported through three primary brands. Jack Henry Banking® supports banks ranging from community banks to multi-billion dollar institutions with information processing solutions. Symitar® is the leading provider of information processing solutions for credit unions of all sizes. ProfitStars® provides best-of-breed solutions that enhance the performance of domestic and international financial institutions of all asset sizes and charters using any core processing system, as well as diverse corporate entities. Additional information is available at www.jackhenry.com.
Statements made in this news release that are not historical facts are forward-looking information. Actual results may differ materially from those projected in any forward-looking information. Specifically, there are a number of important factors that could cause actual results to differ materially from those anticipated by any forward-looking information. Additional information on these and other factors, which could affect the Company's financial results, are included in its Securities and Exchange Commission (SEC) filings on Form 10-K, and potential investors should review these statements. Finally, there may be other factors not mentioned above or included in the Company's SEC filings that may cause actual results to differ materially from any forward-looking information.
SOURCE Jack Henry & Associates, Inc.