prevention

Newest Identity Theft Prevention News

Identification theft security can be worthwhile financial investment
CONCERN: would you discuss the worthiness of identity theft defense services such LifeLock? If they are of some price, what should someone consider before signing up with something? If you’re diligent in monitoring your financial/credit …
Read more on Richmond.com

Schumer Backs Identity Theft Protection Bill
Schumer Backs Identity Theft Prevention Bill. Might 14, 2015. By A.J. Rao (arao@post-journal.com) , Post-Journal. Save | remarks (1) | Post a comment |. Imagine establishing a joint credit card account together with your child and recognizing that an …
Find out more on Jamestown Article Journal

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IdentityMind Introduces Platform Version 1.19 Synchronizing Risk Management Across Fraud Prevention and Regulatory Compliance


Palo Alto, CA. (PRWEB) May 26, 2015

IdentityMind Global™, provider of risk management solutions for digital commerce, announced today the availability of version 1.19 of its flagship Fraud Prevention and Risk Management platform. The latest version of the platform strengthens services across fraud prevention and anti money laundering, enabling financial institutions and online commerce providers to overcome the challenges imposed by stricter regulations and evolving fraud techniques.

“MicroMarketMonitor expects the global fraud detection & prevention and anti money laundering market to grow from $ 9,622.8 million in 2014 to $ 21,441.4 million by 2019, at a CAGR of 17.4% during the period under consideration.”

MicroMarketMonitor, April 28, 2015

Most importantly, Platform 1.19 brings version 2.0 of the IdentityMind rule engine, enabling risk analysts to recognize and adapt to changing risk patterns in real time. The new rule engine incorporates an extensive feature set based on IdentityMind’s five years working with Banks, Payment Service Providers, e-commerce, Money Service Businesses, Virtual Currencies, and Mobile payment providers, and addresses the challenges of combining Business Policies and Fraud Prevention strategies across multiple channels (e.g. web, mobile) and applications (e.g. account and payment fraud, onboarding risk, Know Your Customer, and Anti-Money Laundering).

“Digital commerce continues to progress, and these businesses and financial institutions are facing an evolving spectrum of risk challenges,” said Mr. Garrett Gafke, IdentityMind Global’s CEO and President. “It is no longer just account fraud, identity theft, or fraud prevention in e-commerce. Digital commerce now combines money transfers, account creation for digital wallets, alternative payment methods, provisioning, and remittances, to name just a few. We’ve stepped ahead to create the platform these professionals need to develop cutting edge programs, detect unseen risk across all applications and channels, and adapt their programs to protect both their institution and customers in real time.”

The latest IdentityMind update provides leading compliance professionals and fraud analysts with the complete customization capabilities needed to design and operationalize cost-effective risk prevention and compliance strategies. IdentityMind Version 1.19 addresses the challenges of a new, ever changing risk and regulatory environment.

Additional Version 1.19 features:

    Ability to segment policies based on the consumer’s risk profile and the inherent risk of the application.
    Separate controls for the mobile channel, including designated fraud prevention and risk management capabilities designed specifically for Mobile applications.
    Data prioritization – Redesigned analysis tab layout improving data review efficiency by 35%
     Enhanced automated review processes to reduce manual reviews by 20%

Take a peek at the new features of IdentityMind Version 1.19 here.

This version of the platform is immediately available to clients worldwide. For more information about the features in this release, or the overall IdentityMind Global platform, please contact: evangelist(at)identitymind(dot)com or sales(at)identitymind(dot)com.

About IdentityMind Global™

IdentityMind Global™ offers an identity-based platform for safer ecommerce. Our on-demand platform provides risk management, anti-fraud, and anti-money laundering services for online merchants, acquiring banks, payment processors, gateways, payment service providers (PSP/ISO/MSP), digital currency exchanges, and financial institutions (banks, money service businesses (MSBs), money transmitters).

Using proprietary eDNA™ technology and an ecosystem of third party data providers, our platform builds sophisticated reputations used to evaluate real-time risk across the payments and e-commerce system.

©2015 IdentityMind Global. All rights reserved. IdentityMind, IdentityMind Platform, IdentityMind eDNA, IDMPay and the IdentityMind logo are trademarks or registered trademarks of IdentityMind Global, Inc. in the United States and other countries. All other brand, service or product names are trademarks or registered trademarks of their respective companies or owners.

IdentityMind Global™ is privately held. For more information please refer to our website: http://www.identitymindglobal.com, or reach us at info@identitymind.com.







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Latest Identity Theft Prevention News

Sen. Sherrod Brown, other lawmakers seek to combat tax-related identity theft
Measures in the bill designed to prevent identity theft include an expansion of the IRS's personal identification number (PIN) program to anyone requesting protection from tax-related identity theft and requiring the Medicare program to phase out …
Read more on Akron Beacon Journal

Ball State establishes Identity Theft Information Line
Siciliano said that in the same way responsible drivers have car insurance, responsible consumers should enroll in an identity theft protection service. “That's one of those things in life now that you should just have. If you go out for a nice dinner …
Read more on Ball State University News

Identity theft spreads to tax refunds: Cybercriminals file with others' ID
Krebs, whose site was the first to break news of the Target credit card breach in 2013 and who is considered an expert in identity theft prevention, said he was the victim of a fraudulent tax return filing last year. His work makes him a target, he …
Read more on Monterey County Herald

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Latest Identity Theft Prevention News

Austin's office gives some tips regarding Anthem and identity theft protection
In light of the recent cyber attack on Anthem, I wanted to pass along some information pertaining to identity theft protection services. Current and former Anthem members can visit AnthemFacts.com to learn more about credit monitoring and identity …
Read more on Roanoke Times

Insurer Anthem offers layers of ID theft protection
Indianapolis — Anthem Inc. is offering several levels of free identity theft protection to current and former customers dating back more than a decade as it continues to investigate how hackers broke into a database storing information for about 80 …
Read more on The Detroit News

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Fast Identity Theft Prevention Tips

Article by Brenda Mohney

Fast Identity Theft Prevention Tips

In our current economy the last thing on the minds of most people is identity theft prevention, that is, unless you are an identity thief. But these tough times have bred many desperate individuals who are turning to white collar crimes.

Of course, identity theft is one of those crimes. Statistics show that identity theft is on the rise. With people losing their homes, cars, and jobs, many people are finding themselves in situations they’ve never experienced before. Most individuals would never even think of going into a bank brandishing a hand gun. But the same person may find it easier to justify ‘borrowing’ someone’s identity to commit identity theft. As tough and stressful as these times are, it is critical that we guard our identities even more so.

Most of us have a million of other pressing issues in our lives to worry about. Agonizing over how to protect ourselves from identity theft is just not another thing we need to lose sleep over. With that thought in mind, I thought it would be useful to develop a list of identity theft prevention tips that can be quickly referred to and used on a daily basis.

At Home and Work:
1. Never provide credit card or personal information over the phone.
2. Do not give any passwords out over the phone or through email, whether it is for personal or work related issues.
3. Shred all documents containing sensitive information, as well as pre-approved offers before throwing them out in the trash.
4. Always be observant of your surroundings and people close by when using sensitive data in public.
5. Speak quietly on the phone in public if giving out credit card information is unavoidable.
6. Do not have your license number printed on your checks.
7. Don’t carry your social security card with you. Memorize your number and leave the card safely at home.
8. Be sure to opt out of pre-approved offers by calling 1-888-5-OPTOUT.
9. Refrain from leaving sensitive letters in the mailbox. Mail letters containing sensitive information at the post office.
10. Know what accounts have been opened in your name by obtaining a free credit report that everyone is entitled to each year from each major credit bureau.
11. Beware of job scam. Don’t give out personal data unless certain the person you are talking to is from a legitimate company.

Computer and Internet:
1. Only deal with trustworthy merchants when shopping online.
2. If making an online purchase be sure the web site is secure. Check and make certain the URL says https instead of just http.
3. Always be certain to install the latest software upgrades and OS updates and security patches.
4. Always use anti-virus protection, anti-spyware protection and a firewall. Be sure to install the latest version and test for vulnerabilities.
5. Be sure to read and review all the manuals that come with networking hardware and software. Set all the security features that are available.
6. Use difficult passwords for the network SSID and password.
7. Scan the network on a regular basis to identify vulnerabilities.
8. Avoid phishing by never clicking a link in an e-mail message. Instead, manually type the URL address into the web browser and log in normally.
9. Never open e-mail attachments, even if it is coming from a friend.
10. Don’t use p2p file sharing programs. They run rampant with virus and spyware infected programs and files.
11. Never use copied disks and CDs.
12. Be sure to scan anything downloaded off the web with an anti-virus program.

As you have probably observed by now, there are a lot of little things you can do to practice identity theft prevention. Most of them are common sense but are easy to overlook on a day to day basis. The identity theft prevention tips listed here should become habit after a while. Don’t let a few minor inconveniences result in becoming a victim of identity theft. Start using these identity theft prevention tips today. Print them out and post them on the refrigerator if necessary. There are already enough things to worry about in these tough economic times; you certainly don’t need to worry about identity theft restoration along with everything else.

About the Author

Brenda Mohney is founder of Identity Theft Security, a site dedicated to providing, tools and resources to help consumers find quality information about identity theft protection by reviewing identity theft services, comparing identity theft plans and offering identity theft videos, brochures and free software.

Use and distribution of this article is subject to our Publisher Guidelines
whereby the original author’s information and copyright must be included.

Brenda Mohney is founder of Identity Theft Security, a site dedicated to providing, tools and resources to help consumers find quality information about identity theft protection by reviewing identity theft services, comparing identity theft plans and offering identity theft videos, brochures and free software.












Use and distribution of this article is subject to our Publisher Guidelines
whereby the original author’s information and copyright must be included.

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