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Since 2002, ID Analytics has worked with leading companies to combat identity fraud. Each year, our ID Network® grows bigger and stronger and our scores become more powerful, as we work to continuously improve the underlying technology.
ID Analytics recently made the decision to extend the power of our ID Network directly to consumers. With the threat of identity fraud advancing daily, we want to help consumers gain visibility into the use and potential misuse of their identities. We did this for two reasons: to provide transparency to the consumer community giving them a similar level of visibility about identity risk that is used by our enterprise customers and raise awareness of ID Analytics as a company.
To give consumers an easy and quick way to check their identity score, ID Analytics launched MyIDScore.com on May 18 as a free public service.
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MyIDScore.com – Free Public Service Helps Consumers Determine Their Risk of Identity Fraud
It is no surprise that identity fraud and the associated fear of becoming a victim continue to be of significant concern for consumers. While many reactive tools are available to help victims, until now there has been no easy way for consumers to gauge their risk of identity fraud by gaining visibility into how their identity elements are being used.
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Americans Would Rather Be Safe Than Thin
When asked to choose, almost 60 percent of American adults would rather reduce their risk of identity theft by 20 percent than lose 20 pounds according to survey of 1,000 consumers by Ipsos Public Affairs and ID Analytics. Read more... |
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Extending the Power of the ID Network
ID Analytics introduced ID Network® Attributes™, a family of products providing organizations with greater insight into the vast array of consumer identity information within the ID Network® to make more informed business decisions. For the first time, businesses can integrate ID Analytics predictive capability into their own...
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Red Flags Rule Companies Given More Time to Comply
Recently, the Federal Trade Commission (FTC) delayed its enforcement of the Red Flag Rules for a second time—until August 1, 2009. The delays in enforcement speak to the broad reach of the rule, which requires creditors to detect the warning signs or “red flags” of identity theft in their day-to-day operations.
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Using New Insight to Fine-Tune Credit Decisions
ID Analytics met with personal finance editors at the Wall Street Journal to discuss the evolving role of credit evaluation for businesses and the increased rigor being applied to determine credit worthiness. A key aspect of this discussion was the need for a complementary solution to the existing credit decisioning process.
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Amendment to the Consumer Credit Protection Act
The Credit Card Accountability Responsibility and Disclosure Act of 2009 that passed on May 22, will change business practices in the credit card industry.
Some key provisions of the Act include:
- Credit card promotional rates must last at least six months
- Credit card issuers are prohibited from increasing rates on cardholders within the first year after issuance
- Payment above the minimum amount due, must be applied to debt with the highest interest rate
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June 22, 2009: Wall Street Journal
How Worried Should You Be About Identity Theft?
June 19, 2009: SmartMoney
A New Number for You to Sweat: Your ID Score
June 10, 2009: CNET.com
What's your identity fraud risk level?
For more information on ID Analytics news, click here. |
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