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Overview

Privacy and security issues have a profound influence on our markets today with identity fraud exposures and solutions forming an important category within the privacy and security domain. Identity Fraud, Inc. helps financial institutions with enterprise risk management and with products and services that bring value to customers and members.

With identity fraud reaching epidemic proportions, affecting an estimated 9.3 million people in 2004, organizations need to take action to protect their internal exposures and help their customers secure economical solutions. Financial institutions have a unique opportunity to reach out to customers and members – proactively – and provide identity credible identity fraud solutions. Doing so will enhance existing relationships while attracting new ones.

Our Services

For consumer solutions, delivering value is an on-going competitive effort. With Identity Fraud, Inc. product, service, and marketing solutions, you will enhance your core deliverables, increase acquisition and retention rates, and provide meaningful value and remedies to help in the fight against fraud. Financial Institutions are partnering with Identity Fraud, Inc. to provide:

1. Voluntary “co-branded” Identity Protection Plan offerings
2. Blanket VRS Elite™ Fraud Resolution Services for all or preferred groups
3. Economical Group Identity Protection for all or preferred groups
4. Fraud training and seminar programs 
5. Incident response services
6. Customized offerings
7. Rapid implementation

Not all “identity protection” is created equal. We encourage due diligence to evidence why Identity Fraud, Inc. solutions are best of breed and to learn how we optimize our solutions to ensure efficiencies and cost effectiveness. To learn how to deploy your own identity fraud strategies and solutions, please send us an e-mail at solutions@identityfraud.com. 

Risk Management

Financial institutions face unique risk management hurdles based on the sensitive nature of the information they store and process. For example, transaction processing is an area of significant exposure. It requires the latest technologies and practices to mitigate loss as fraudulent activities evolve. The Internet, counterfeiting technologies, identity fraud schemes, and internal abuse all allow criminals to exploit vulnerabilities, which will continue to evolve as identity thieves become more sophisticated.

Equally challenging are business risks created by a heightened focus on security and privacy issues. Legislation like Gramm-Leach-Bliley, and various laws designed to increase privacy protection and "opt-in" policies have made the privacy and security landscape increasingly complex and potentially very costly, depending on the solutions deployed.

Risk management professionals need to interact with their technology and business colleagues to convert the exposures and costs into opportunities and revenue by providing better products and services to customers. Firms able to prevent fraudulent transactions and handle complex information while securely managing restricted consumer and employee access can leverage their abilities to increase customer satisfaction, reduce liabilities, and enhance their market.

To view our risk management services, please click here.

Your identity is a valuable asset.

Consider the following:

• Personal information is everywhere and is easily accessible to identity thieves
• Identity theft represents America’s fastest growing crime
• Last year, nearly 10 million people were victimized
• Victims spend nearly 600 hours and thousands of dollars clearing their name
• Identity theft can affect your ability to conduct normal daily affairs