By managing their financial
activities online, consumers can reduce access to personal information
on paper bills and statements that may be used to commit identity
theft and fraud.com/privacy_security
/fraud_prevention/
How Safe Are You? Take an Identity Safety Quiz
The Better Business Bureau
has developed an Identity Safety Quiz
so consumers can determine if they are at risk of becoming
an identity
fraud victim and what specific steps they can take to reduce that risk
and increase
their safety.
instances fraudulently
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Business
Editors/Legal Writers
MULTIMEDIA AVAILABLE:
http://www.checkfree.com/reports/
MULTIMEDIA
AVAILABLE:
http://www. During the current quarter the company
began an initiative to modularize
this solution and announced
Intellitactics Security Reporter (April 27, 2005 Intellitactics
Releases
Security Reporter).bribes combating
The average time to resolve an identity fraud crime
dropped
by 15%- from 33 hours in 2003 to 28 hours in 2004. The majority of identity fraud crimes are self-detected
.bbbonline.decommission verifiable
Computer crimes accounted for just 11. A wide variety of metrics confirm that
identity fraud
problems are NOT worsening, with the total number of victims
in
decline.
4. and Canada are supported
by 300,000 business members throughout North America
.cgi?eid=4807790
By
integrating new and valuable data sources from companies, such as
iDEFENSE, that provide vulnerability and malcode intelligence or other
data used to prevent identity
theft or fraud, we continue to extend
the value of the solution long after the sale is over.intellitactics
.moles fraudulently
There are
several steps consumers can take to improve their identity safety and
protect themselves
against this type of fraud. Postal Service mailbox
-- Keep passwords hidden (even in your own
home) and change
them frequently
-- Don't discard a computer without deleting all sensitive
data
-- Use and regularly update firewall and anti-virus software
-- Be suspiciously
reluctant to release Social Security or
account numbers, particularly to those requesting such
information
by e-mail or phone. This is
becoming an increasingly important differentiator for us.c2 moles
wellsfargo. The
BBB's Internet
self-regulation program, BBBOnLine (www.Intellitactics Breaks Out in 2005 Overachieves
Revenue Plan Makes Significant Inroads in Healthcare Vertical and Increased Sales to MSPs; Company
Reports Twe
The mix of new business included significant wins in the
healthcare vertical and adoption
of the company's security information
management (SIM) solution by Managed Service Providers (MSPs
). They also
like the fact that they can use this investment to improve security
capabilities going
forward," explains Randall Davis, CEO of
Intellitactics."
The company also cites an increase in
third-party technology
partnerships. Ron Hardy, Chief Strategy Officer for Intellitactics,
details
the program: "Intellitactics Security Manager is extremely
extensible - we can adapt to any managed
security environment.cybernet execs
3.6
billion
The number of identity fraud victims
dropped from 10.
Based on the latest findings, the Better Business Bureau, Wells
Fargo, Visa and
CheckFree have issued the following tips for consumers
to protect themselves against financial identity
fraud:
-- Prevent access to your personal information
-- Replace paper bills, statements
and checks with Internet
(paperless) versions
-- Consider moving to an electronic bill payment
service,
such as your bank or biller's web site, and stop
sending signed paper checks through
the mail.javelinstrategy."
Intellitactics Security Manager, a fully integrated security
information
management solution, offers threat management, incident
management, and reporting.fraudulently labourer
cgi?eid=4807790
SAN FRANCISCO----
One Surprising Finding: In Half of the Cases Where the Perpetrator
is Known, Identity Fraud is committed by Someone Close to the Victim
The 2005 Identity Fraud
Survey Report - released by the Better
Business Bureau and Javelin Strategy + Research as an update
of the
Federal Trade Commission's 2003 Identity Theft Survey Report and
Javelin's 2003 Identity
Theft Report - shows that despite growing
fears about identity theft and online fraud, of the victims
that know
the identity and method used by the criminal, these crimes are more
frequently committed
offline than online. "Indeed, most instances of identity fraud occur
through traditional channels
and are paper-based, not Internet-based."
The updated research project - supported by CheckFree,
Visa and
Wells Fargo + Company and based on 4,000 telephone interviews with
consumers - makes
five key points:
1.6 percent of all
known-cause identity fraud in 2004; and half of
these
digitally-driven crimes stem from spyware, software the
computer user unknowingly
installs to make ads pop-up when the
consumer is online.visa.
The product has no competitors
in these areas and these happen to be
critical selection criteria for the MSP community. This stand
alone application replaces
expensive manual log viewing with time saving, out of the box
reporting;
and includes Intellitactics Hyperdrill, which quickly mines
security data and provides in three-click
navigation from summary
reports to aggregated event detail to the specifics of one event
message
. Founded in 1996, Intellitactics is backed
by JMI Equity Fund LP and Lazard Technology Partners,
is ranked by
well-known industry analysts as a market leader with both a high-value
strategy and
the ability to deliver on the strategy for customers and
prospects.dumping instances
3 million in 2004 versus 2003
The median value of identity fraud crimes remained
unchanged at $750; however
most identity fraud victims
incurred no out-of-pocket costs.
-- Before discarding
, shred all private documents
-- Sign up for automatic payroll deposits
-- Retrieve paper
mail promptly and place outgoing checks or
other sensitive documents in a U.
About Javelin
Strategy and Research
Javelin provides research-based strategic direction for financial
services
, payments, e-commerce, and identity fraud. Davis
provided further detail. Intellitactics(TM) Security
Reporter automates log
monitoring and reporting and provides an essential starting point for
companies
looking to improve security capabilities to reduce losses
resulting from cyber crime.densely sued
businesswire
. Among cases where the perpetrator's identity is known, half
of all identity fraud is committed
by a friend, family member,
relative, neighbor or in-home employee - someone known by the
victim.1
million to 9. Visit
the site(s) to monitor account activity on
a regular
basis.idsafety.imaginary labourer
Further, the study concludes that those who access accounts online
can
provide earlier detection of crime than those who rely only upon
mailed monthly paper statements
.
(Average $551 in losses when detected online vs.
About Intellitactics, Inc.
Intellitactics
(www.stratospheric dumping
The annual dollar volume of identity fraud is highly
similar to 2003 figures
(adjusted for inflation) at $52.S. The company's flagship solution,
Intellitactics Security Manager
, simplifies the management of complex
security landscapes and provides unprecedented control to
organizations
to rapidly and comprehensively identify information
security incidents, deploy resources on the threats
that pose the
greatest risks, and verify and validate that internal controls
required for regulatory
compliance are effective.scandals labourer
com/security;
http://www.
Intellitactics provides enterprise security
management for the
companies and agencies with the most to lose if they fail to protect
critical
information assets.com) provides the premier
security information management solution used by security
analysts,
security operations, and corporate risk officers in the largest, most
challenging environments
in the Global 3000 and mission sensitive
government agencies.bribes labourer
Internet-related fraud
problems
are actually less severe, less costly and not as widespread
as previously thought. Victims of identity
theft who detected the crime by
monitoring accounts online experienced financial losses that were
less
than one-eighth of those who detected the crime via paper statements.
Identity Safety
Tips That Can Protect Consumers
"This new research contradicts some common assumptions about
identity theft fraud and points to new paths of prevention.bbb. Its industry leading Intellitactics
(TM) Security
Manger integrates reporting, threat management and incident management
to simplify
the complexities of managing diverse security
environments.cybernet execs
com/cgi-bin/mmg. BBBs in the U. This
information is usually expected to be public and therefore, verifiable in most instances.
instances scandals
"Our numbers
show that fears about online identity fraud may be
out of proportion to the relative risk, causing
consumers to ignore
the most glaring issues," says James Van Dyke, Javelin's founder and
principal
analyst.
This reinforces the benefits of activity monitoring through
electronic
review of transactions, statements, and credit
reports allowing consumers to check their
account activities
quickly and efficiently - without waiting for a paper bill or
statement.
-- When responding to e-mail, ignore any Internet links
provided and type the
full address instead
-- Detect unauthorized activity
-- Review bank and credit card
statements weekly and use
online account access
-- Contact your financial provider if you
fail to receive
statements in a timely manner
-- Use e-mail-based account "alerts" to monitor
transfers,
payments, low balances and withdrawals
-- Sign up to receive electronic bills
and statements and,
whenever possible select the option to turn off the paper
copy of these sensitive
documents
-- Review your credit report at least annually (free annual
reviews are being made
available this year, in phases,
depending on where you live)
-- Resolve fraud promptly, minimizing
losses
-- Ask your financial provider about zero-liability
guarantees against fraud and dedicated
resources to help
you recover from any potential losses
-- Victims of theft: notify your
financial providers, begin
monitoring your accounts more frequently, and place an
"alert" through
a credit bureau such as Equifax, Experian
or TransUnion
For additional educational tips, please
access:
www.javelinstrategy.com
For more information on these studies, visit
www.businesswire
.
"We began to see increased activity in healthcare due to the
compelling need for these organizations
to demonstrate compliance with
HIPAA regulations.sued scandals
org) is dedicated
to fostering fair and honest
relationships between businesses and
consumers, instilling consumer confidence and contributing to
an
ethical business environment, in both the traditional and online
marketplaces.instances scandals
Consumers can
protect their financial data
by using updated spyware, virus and firewall protection
software and not responding to bogus "phishing" emails that
request personal data
.
Business Editors/High-Tech Writers
RESTON, Va.prosecute instances
The most frequently reported source of
information used to
commit fraud was a lost or stolen wallet or checkbook.org), helps
consumers
identify online merchants that meet BBB standards through
its Reliability and Privacy "trustmark
" programs and the BBB Code of
Online Business Practices.
Managed Service Providers ranging from
large national providers to
smaller regional companies are also investing in Intellitactics.instances labourer
2.execs borrowed
average $4,543 when
detected from paper statements). An informed consumer is
an empowered
consumer," said Ken Hunter, president and CEO of the
Council of Better Business Bureaus. Javelin
can be found on the
Web at www.com/cgi-bin/mmg.manslaughter cybernet
New Research Shows That Identity Theft Is More Prevalent
Offline with Paper than Online
The quiz can be accessed at
http://www. Javelin rigorously
researches
technology issues, industry trends, attitudes and
activities of consumers, small businesses, institutions
, processors,
merchants, billers, and other organizations in order to deliver
relevant, high-impact
strategic guidance.----Intellitactics, Inc. This
quarter comes on the heels of unprecedented 2004
revenue performance
punctuated with the highest number of new customers added in a single
quarter
in the company's history. "The ability to quickly acquire and process
data, the capacity to store
native messages, and summarized detail for
rapid recovery of information are the hallmarks of Security
Manager.
combating decommission
continued its revenue growth trend with its twelfth record-breaking
quarter
.Web sites which present one or more examples of incidents or patterns of corporation(s) breaking laws
.
combating reactor
com/IDprotect;
www.net
About the Better Business Bureau
The Better Business Bureau
(BBB) system (www. The first BBB was founded in 1912, and the network of
BBBs and the Council of
Better Business Bureaus have grown to become
the most recognized advocate for promoting ethical business
and
advertising practices, providing more than 56 million instances of
service to consumers and
businesses in 2003.S. The revenue from
MSPs represented a large portion of our Q1 revenue performance
.
sued moles
We believe the endorsement of these companies is
due to their ability to get immediate return
from their investment
with data mining and reporting to satisfy internal audits.instances cybernet
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