9:35 am
CSIdentity Protector Tri-Bureau
Only 25% of identity theft can be detected by traditional credit report monitoring, which means that you need a more sophisticated service than the average offering (LifeLock). If you are time starved, convenience based or just simply want a comprehensive way to detect the inappropriate use of your data, you need to enlist an identity monitoring service. It’s similar to having someone monitor your home alarm system.
Here’s a bit of background. Traditional credit monitoring only detects a portion of identity theft. The remaining theft happens on non-credit loan activities (pay-day loans, etc), as part of public records (court cases, real estate transactions, government filings, etc.), over the internet (bought and sold on identity-for-sale sites), or in relation to medical or criminal records. It is important to monitor these forms of potential identity theft as well as your credit file. CSIdentity’s Protector Tri-Bureau product wins the award for Best-in-Class identity monitoring based on 7 criteria:
8:01 am
Fellowes Powershred
Workplace identity theft isn’t caused by paper documents because we have gone paperless, right? Rubbish. Paper rubbish, in fact.
You and I both know that we use as much paper as ever. We sign up for electronic statements and then print and file them, along with important emails, financial documents, etc. Paper documents are more plentiful than ever, and they pose a significant risk of workplace identity theft and data breach.
According to a recent study* conducted by the Alliance for Secure Business Information (ASBI):
80% of large organizations surveyed indicated that they had experienced one or more data breaches over the previous 12 months. 49% of those breaches involved the loss or theft of paper documents. The average breach recovery cost $6.75 Million!
10:03 am
SentrySafe Fire Safes
A majority of our most valuable identity documents (passports, birth and death certificates, wills, trusts, deeds, brokerage information, passwords, health records, etc.) are exposed to identity theft (and natural disasters, such as fire and floods) as they sit in unlocked filing cabinets, banking boxes in the basement, office drawers or out in the open, on our desks. I spend an entire chapter in Privacy Means Profit talking about which documents to lock up, which to destroy and which to stop at the source. To complicate matters, the problem of data theft goes beyond paper documents to digital media. More than ever we need to be concerned with the physical protection of hard drives, cell phones, thumb drives, CDs and DVDs with sensitive personal or business data on them.
11:45 am
CSIdentity SAFE
Great employees are hard to find, but without the right employee background screening process, deceitful candidates are even harder to spot. Hiring dishonest employees puts your sensitive and confidential business information at risk and could cost you millions if stolen or damaged.
According to The Ponemon Institute, an independent research foundation, the average cost of data breach to a victim corporation is $6.75 million. In 2008, the lowest reported cost of data breach was $613,000, while the highest was just under $32 million. Given that the average cost per stolen record is $202, one missing laptop with 2,500 customer or employee records on it would come with a data breach recovery bill for a half a million dollars. And that doesn’t factor in loss of stock value, brand damage or customer defection that results from having your breach in the news.
9:50 pm
SentrySafe AutoSafe
The Privacy Problem: Thanks to laptops, smart phones, DVDs and a deluge of other data-holding mobile devices, we carry as much sensitive data with us as we keep in our homes and offices. These devices are at a much higher risk of theft when they are in transit.
The Privacy Project: To help you better protect identity-bearing devices while they are being transported and stored in your car (RV, boat, etc.). The solution…
