2009 News Releases
December 18, 2009
ID Analytics Research Finds Conventional Wisdom About Change of Address and Fraud Risk is Incorrect
ID Analytics, Inc., the leader in on-demand identity intelligence, today announced the publication of its' latest research study, "Address Discrepancy Data Study: Change of Address and Address Mismatch." ID Analytics' study examines the relationship between changes in address and fraud risk to determine whether certain variables related to an address change indicate a greater risk of fraud. The study finds that traditional variables no longer provide comprehensive risk coverage and the variables need to be modernized.
October 19, 2009
How Consumers and Business Can Protect Themselves: Lessons for National Protect Your Identity Week
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.
October 19, 2009
ID Analytics Announces New Executives: Chief Information Officer and Vice President, Finance
ID Analytics, Inc., the leader in on-demand identity intelligence, announced today the addition of two senior-level executives to the management team. John Treiman joined the company as its chief information officer and Peter Boyes was named the company’s vice president, finance.
October 16, 2009
ID Analytics Wins in INFORMS Data Mining Contest
ID Analytics, the leader in on-demand identity intelligence, announced today that the company's team placed second in the 2009 INFORMS Data Mining Contest. More than 25 teams competed in the prestigious analytics contest that required completion of two separate tasks. ID Analytics' team was awarded second place in both tasks.
October 5, 2009
TransUnion Enhances Collections, Credit and Identity Risk Offerings with ID Analytics' Suite of Services
TransUnion and ID Analytics, the leader in on-demand identity intelligence, today announced TransUnion will include ID Analytics' collections, credit, and identity risk solutions in TransUnion's portfolio of service offerings. ID Analytics' scores provide TransUnion customers with unique, real time insight into consumers' fraud risk and creditworthiness across the entire lifecycle including origination, portfolio management and collections. The two companies are jointly delivering a suite of solutions that reduce credit losses, improve collection efforts, and reduce costs associated with fraudulent transactions.
October 1, 2009
ID Analytics Unveils Unique Collections Scores
ID Analytics, Inc., the leader in on-demand identity intelligence, today announced the availability of new collections scores that leverage real time consumer identity information to improve both early stage and late stage collections efforts. ID Analytics® Collections Optics™ enables companies to increase the effectiveness of collections efforts by accurately determining the likelihood of a charge-off in the early stage, and predicting the balance percentage of late stage delinquent accounts that will likely be repaid.
September 23, 2009
ID Analytics Expands Availability of On-Demand Identity Intelligence Solutions for the Government Market
ID Analytics, Inc., the leader in on-demand identity intelligence, announced today its risk management solutions are now available on its' U.S. General Services Administration (GSA) Schedule. Under this modification, government agencies have streamlined access to ID Analytics' identity scoring technology currently used in the daily operations of Fortune 100 financial services, healthcare, telecommunication companies, and retailers to increase program integrity while maintaining a positive customer experience.
August 11, 2009
U.S. Patent and Trademark Office Grants Another ID Analytics Patent
ID Analytics, Inc., the leader in on-demand identity intelligence, announced today that the U.S. Patent and Trademark Office granted the issuance of U.S. Patent Number 7,562,814 for the company’s system and method for identity-based fraud detection through graph anomaly detection.
August 3, 2009
Magnum Partners with ID Analytics to Deliver Advanced Analytics and Identity and Credit Scoring Solutions
ID Analytics, the leader in on-demand identity intelligence, and Magnum, an industry leader in credit analytics, decisioning applications and professional consulting services, today announce a new partnership to deliver advanced analytics, and identity and credit scoring solutions to Magnum's customer base. Through this partnership, Magnum clients will now have access to ID Analytics' capabilities to improve their identity fraud risk detection, enhance credit risk decisioning and comply with Red Flags legislation.
July 27, 2009
ID Analytics' Chief Privacy Officer to Speak at Burton Group Catalyst Conference 2009
ID Analytics, the leader in on-demand identity intelligence, today announced that vice president of government affairs and chief privacy officer, Thomas Oscherwitz, will participate in a panel discussion at this year's Burton Group Catalyst Conference in San Diego, California. The session titled, "The Age of Identity Oracles", will define and examine the business models a variety of Identity Oracles use to deliver value to their enterprise and individual customers.
July 13, 2009
Deluxe Corporation Selects ID Analytics to Bolster Fraud Detection and Compliance Programs
ID Analytics, the leader in on-demand identity intelligence, announced today that Deluxe Corporation has selected ID Analytics for Compliance to help the company and its financial services customers comply with the Red Flags Rules issued by federal financial institution regulators. Deluxe will use ID Analytics for Compliance to help its clients improve fraud detection rates, automate compliance with the Red Flags Rules and reduce operational costs.
June 29, 2009
ID Analytics Wins in Prestigious International Predictive Technology and Data Mining Competition
ID Analytics, the leader in on-demand identity intelligence, announced today that the company's team won the second place award among the top data analysis companies in the Knowledge Discovery and Data Mining competition (KDD Cup) organized by ACM Knowledge Discovery and Data Mining, the most important and prestigious competition on data mining and analysis in the world.
May 18, 2009
ID Analytics Unveils MyIDScore.com: New Free Public Service Allows Consumers to Determine Their Identity Fraud Risk
ID Analytics, Inc., the leader in on-demand identity intelligence, announced today the launch of MyIDScore.com, a free public service that gives consumers a quick and easy way to assess their risk of identity fraud. Leading telecommunications, financial services, retail, and healthcare companies, as well as government agencies, already trust ID Analytics to help prevent consumer identity fraud. Now, for the first time, ID Analytics is extending its patented identity scoring technology directly to consumers so that they can take the necessary steps to manage their identity and have peace of mind.
May 6, 2009
Americans Would Rather Be Safe Than Thin
When asked to chose, almost 60 percent of American adults would rather reduce their risk of identity theft by 20 percent than lose 20 pounds according to survey released today from Ipsos Public Affairs and ID Analytics. Even with the battle of the bulge grabbing headlines, an estimated 120 million American adults would rather reduce their risk of identity theft than lose weight. Additionally, the study found that Americans were more concerned about their Social Security number (SSN) being stolen than their purse, wallet or laptop which could contain a greater amount of personal information.
March 25, 2009
ID Analytics Introduces ID Network Attributes
ID Analytics, Inc., the leader in on-demand identity intelligence, announced today the availability of the ID Network® Attributes™, a family of products that provide organizations with greater insight into the vast array of consumer identity information within the ID Network®. These attributes, never before accessible, reveal insights into identity information that is not available from other sources such as public records or credit bureaus.
March 5, 2009
Utica College's CIMIP Awarded Grant to Study Identity Risk of Sex Offenders
As part of the effort to find the best way forward, the Department, through its Bureau of Justice Assistance, has awarded a $670,761 grant to Utica College's Center for Information Management and Identity Protection (CIMIP) to conduct research and analyses of the present systems. CIMIP, along with its partners ID Analytics, a research team from the criminal justice department at the University of Massachusetts, Lowell, and The Fraud Management Institute, will undertake an 18-month study of the sex offender registry systems across the country and through empirical analyses and predictive modeling, propose best practices for the new system. Research will focus on the identity manipulation employed by sex offenders to avoid detection.
January 22, 2009
U.S. Patent & Trademark Office Grants ID Analytics a Patent for Identity-Based Fraud Detection System
ID Analytics, Inc., the leader in on-demand identity intelligence, announced today that the U.S. Patent and Trademark Office approved the issuance of U.S. Patent Number 7,458,508 for the company's industry-leading system and method for identity-based fraud detection technology. ID Analytics' patented technology detects all types of identity fraud, including identity theft, synthetic fraud (fake identities), family fraud, and account takeover.