How Consumers and Business Can Protect Themselves: Lessons for National Protect Your Identity Week
October 19, 2009
ID Analytics’ Chief Privacy Officer Thomas Oscherwitz, Former Legislative Expert on Identity Theft, Available to Discuss Issues
SAN DIEGO, CA– The Week of October 19, 2009, is National Protect Your Identity Week. In 2009, an analyst firm reported identity fraud was more than $45 billion annually. Despite more than 50,000 articles written on identity theft and identity fraud last year, consumers and businesses still have many misperceptions about the crime, and often do not take essential steps to protect their identity.
Thomas Oscherwitz, Chief Privacy Officer for ID Analytics, Inc. and a nationally recognized expert on identity fraud is available to discuss what fraudsters are targeting now and issues facing consumers and businesses in the next year.
Tips for Identity Fraud Prevention:
- Safeguard Your Social Networking Accounts – Facebook and other sites are a hotbed for sharing personal information. Fraudsters can use these “clues” to solve password and other identification questions. Social networking sites often have privacy settings that allow users to restrict public access to their personal profile – use them.
- Handle Your Personal Data with Care – Do not make yourself a target for identity thieves by casually exposing your personal information. For example, shred your financial statements before you put them in the trash. Do not put sensitive documents like your Social Security card in your wallet or in other places where they can be lost or stolen.
- Monitor Your Personal Information for Misuse – According to research by the Federal Trade Commission, the earlier you discover identity theft, the smaller your loss will be from the crime. Use free tools such as MyIDScore.com to see if others have attempted to misuse your personal information. In addition, do not forget to get your free annual credit report at www.annualcreditreport.com.
- Don’t Hesitate to Ask for Help – Non-profit organizations, such as the Identity Theft Resource Center, provide victim and consumer support as well as public education.
- Consider a Credit Freeze – While not an option for everybody, consumers who feel particularly at risk should consider obtaining a credit freeze. Credit freezes prevent new credit accounts from being opened in your name.
- Businesses must be Vigilant – Businesses need to implement programs that reduce fraud loss and protect their customers. Leading companies use risk-based tools to comprehensively assess identity risk.
About Thomas Oscherwitz
As Vice President of Government Affairs, Thomas Oscherwitz monitors and manages compliance with key government laws and regulations for ID Analytics, Inc. In addition, Oscherwitz, a Certified Information Privacy Professional (CIPP), is the company’s Chief Privacy Officer. Oscherwitz regularly gives consulting advice to ID Analytics customers in the areas of privacy, regulation, and legislation.
Oscherwitz joined ID Analytics from the Office of Senator Dianne Feinstein (D-Cal.) where he served as counsel to Feinstein and represented her for five years on the Senate Judiciary Subcommittee. During his tenure in the Senate, Oscherwitz played a leading role in the drafting of identity theft and privacy legislation, and helped draft key anti-fraud provisions of the FACT Act.
Oscherwitz is the Chairperson of TechAmerica’s Identity Management Committee and the originator of the Red Flag Rules Forum on LinkedIn. He also recently served on a Presidential Advisory Committee on identity management.
Oscherwitz is a frequent public speaker and writer on the topics of identity theft and identity intelligence. He has appeared on Fox, ABC and NBC television stations. Oscherwitz has addressed audiences at the International Association of Privacy Professionals (IAPP), the Federal Trade Commission, the Department of Homeland Security, the Catalyst Conference, the GFIRST National Conference, and numerous other venues. He received his BA from Stanford University and law degree from the University of California, Berkeley.
About ID Analytics, Inc.
ID Analytics, the leader in on-demand identity intelligence, protects both organizations and consumers by providing unprecedented real time visibility into the risk of individuals. ID Analytics pioneered identity-scoring technology. ID Analytics combines three unique capabilities to assess risk and improve the customer experience across all consumer touchpoints: the ID Network®–the nation’s only real time, cross-industry compilation of identity information; Personal Topology™– an individual’s particular identity characteristics and their connectedness to each other; and ID Analytics’ proprietary Advanced AnalyticsSM. Leading communications, financial services, retailing, and healthcare companies, as well as multiple government agencies, trust ID Analytics to provide solutions that drive new revenue opportunities, reduce financial losses, and facilitate compliance with federal regulations. ID Analytics is based in San Diego, CA.
ID Analytics is a registered trademark of ID Analytics, Inc. All other trademarks and registered trademarks are the property of their respective holders.