2007 News Releases
November 7, 2007
Data Breach Harm Analysis from ID Analytics Uncovers New Patterns of Misuse Arising from Breaches of Identity Data
ID Analytics, Inc., the leader in Identity Risk Management, today announced the results of a new study on the harm resulting from data breaches. The study analyzed more than ten million identities spanning over a dozen data breaches. ID Analytics found five separate cases where breached identity data was misused by fraudsters, with two of those cases resulting from employee theft of data.
October 15, 2007
ID Analytics Introduces ID Score®–Revenue to Enable Companies to Generate Incremental Growth
ID Analytics, Inc., the leader in Identity Risk Management, today announced ID Score–Revenue, a new solution to help companies expand their customer base by more accurately evaluating the risk of individuals that lack substantial credit histories. ID Analytics made the announcement to senior marketing executives today at the Financial Services Marketing Symposium in Phoenix, AZ. By delivering the unique visibility required to identify profitable customers, ID Score–Revenue enables companies to grow by capturing new revenue opportunities.
August 1, 2007
New Research from ID Analytics Shows Where in the U.S. Identity Fraud is Most Rapidly Increasing
ID Analytics, Inc., the leader in Identity Risk Management, today announced the results of new analytical research on U.S. identity fraud by geography. The research, which is based on actual and attempted frauds rather than on consumer victim reports, examined data from January through December 2006 to determine where identity fraud is increasing most rapidly.
June 14, 2007
ID Analytics' Bruce Hansen, Chairman and CEO, Named Ernst & Young Entrepreneur Of The Year 2007 Award Winner in San Diego
ID Analytics, Inc., the leader in Identity Risk Management, today announced that Bruce Hansen, chairman and CEO, received the Ernst & Young Entrepreneur Of The Year® 2007 Award in the Emerging category in San Diego. According to Ernst & Young, the award recognizes outstanding entrepreneurs who are building and leading dynamic, growing businesses. Hansen was selected by an independent panel of judges and the award was presented at an Ernst & Young Entrepreneur Of The Year gala event at the Hilton La Jolla Torrey Pines on June 12, 2007.
June 13, 2007
Fidelity National Financial to Leverage ID Analytics ID Network® to Safeguard Customers and Combat Identity Fraud
ID Analytics, Inc., the leader in Identity Risk Management, today announced that Fidelity National Financial, Inc. (NYSE:FNF) will be using ID Analytics ID Network®, the nation's first and only real time fraud prevention network, to manage identity risk. Fidelity National Financial is the largest U.S.-based title and escrow company to become a member of the ID Network. By joining the ID Network, Fidelity will gain unique visibility and insight into the risk level of mortgage applicants and can protect more consumers and lenders from mortgage fraud.
May 16, 2007
ID Analytics Secures $20 Million in Series C Financing To Fuel New Product Development and Market Expansion
ID Analytics, Inc., the leader in Identity Risk Management, today announced it has closed $20 million in financing. The Series C round was led by Investor Growth Capital, and included existing investors Canaan Partners, Trinity Ventures and Mission Ventures. The capital will enable ID Analytics to expand its portfolio of products and solutions to current and new customers while reaching out to new markets.
March 7, 2007
ID Analytics Announces ID Analytics for Data Defense to Help Organizations Determine Whether a Data Breach has Caused Identity Theft or Related Harm
ID Analytics, Inc., the Identity Risk Management company, today announced the availability of Breach Analysis ServicesSM for enterprises. This is the only solution on the market that can determine with a high degree of accuracy whether a data breach is truly a source of identity theft or related harm. As a result, more and more organizations include ID Analytics for Data Defense in their breach response plan. In addition, the Office of Management and Budget (OMB) recommends breach analysis as a preferred solution for federal agencies after large data breaches. Congress also recently passed legislation authorizing data breach analysis as part of a standard suite of responses the Department of Veterans Affairs should deploy following a data breach.
February 14, 2007
ID Analytics Research Shows Highest Rates of U.S. Identity Fraud in New York and the Western States
ID Analytics, Inc., the Identity Risk Management company, today announced the results of analytical research on U.S. identity fraud by geography. The new research, which is the first ever to be based on actual and attempted frauds rather than on consumer victim reports, shows the states with the highest rates of identity fraud are New York and the Western states of California, Nevada and Arizona. The analytical research also shows that the highest metropolitan area rates of identity fraud are in New York, while the states with the lowest rates of identity fraud are Wyoming, Vermont and Montana.
February 14, 2007
The Telecommunication Risk Management Association (TRMA) Honors ID Analytics' Mike Cook with the 2006 President's Award
The Telecommunication Risk Management Association (TRMA) announced today at the TRMA Spring 2007 Conference that Mike Cook, chief operating officer and co-founder of ID Analytics, Inc., the Identity Risk Management company, is the recipient of the 2006 President's Award.