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A 21st Century Tug-of-War Between Businesses and Consumers
Today's business and financial organizations are caught between a proverbial rock and a hard place. Increasingly, these organizations have more and more consumer data with which to inform prudent decision-making, but struggle to turn this data into insight while also defending consumer privacy and safeguarding corporate brand reputations against the growing risk of consumer data theft and misuse.
This seemingly irreconcilable situation was discussed for a sixth year at our recent Identity 2008 conference, and echoed by a variety of speakers from both the public and private sectors. I am increasingly convinced that, when it comes to the tug-of-war between the information needs of businesses and the privacy concerns of consumers, the elephant in the room is the multibillion dollar data-brokering industry. Read more... |
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See More Potential
In the spirit of the conference theme "See More Potential," ID Analytics' Chairman and CEO Bruce Hansen opened the sixth Identity conference with a quote from the 16th century Dutch philosopher Desiderius Erasmus: "In the land of the blind, the one-eyed man is king." Hansen asserted the information economy at its essence is about gaining greater visibility into the world around us to gain critical competitive advantages. Read more... |
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What Happens After Employees Steal Data?
The ID Analytics team has worked for the past six months on a groundbreaking study aimed at better understanding the issues surrounding internal data theft, which, by some estimates, is to blame for more than 60 percent of all data breaches that effect consumer records and information privacy. Early findings were shared at Identity 2008... Read more... |
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Online Risks Draw Scrutiny of Identity 2008 Panelists
Panelists from Google, GE Money and GSI Commerce Solutions recently tackled the increasingly troublesome issue of online identity risk at Identity 2008. And while there was collective agreement that the problem is pervasive and growing, panelists said that significant progress is being made in recognizing abuse signals and taking necessary preventive action. Read more... |
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Identity Intelligence for Regulatory Compliance and Consumer Authentication
ID Analytics launched two products that apply its unique on-demand identity intelligence solutions platform to the challenges of identity fraud regulatory compliance and identity proofing. In May, ID Analytics announced the availability of ID Analytics for Compliance™, a new analytical solution designed to...
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Better Perspectives for Customer Management
The credit crunch has created an environment in which individuals with thin or non-existent credit histories are being treated the same as subprime borrowers with adverse credit histories. The ability to distinguish between subprime and unproven (or "under-banked") borrowers can lead to unique opportunities to identify valuable new customers.
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July 3, 2008: DestinationCRM.com
Who's Really Calling Your Contact Center?
July 2, 2008: TMCnet.com
ID Analytics for Red Flags Compliance
For more information on ID Analytics news, click here.
July 31, 2008: Webinar
ID Analytics is hosting a webinar on What Happens After Employees Steal Data?
For more information on ID Analytics events, click here. |
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Red Flag Rules and Accountability-Based Legislation
On November 1, 2008, credit issuers will face the compliance deadline for the Red Flag Rules. These new rules are more than just another identity theft prevention regulation. They represent a fundamental shift in how the Federal government is expecting businesses to combat identity fraud. By giving organizations the responsibility and flexibility to address the actual identity fraud risks they face, Congress and regulators may finally have it right this time. Read more... |
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What if organizations had a comprehensive, yet cost-effective, mechanism for automating fraud detection, risk assessment, and customer identity proofing as part of their origination process? Read more... |
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