Radical Swedish Anti ID Theft Security Solution Can Eliminate ID Theft Totally in the US

DINKUM ID, located in Stockholm, Sweden today announces a new and radical approach to secure personal IDs that is more effective and would make the recent ID thefts at Wachovia, Bank of America, ChoicePoint, Lexis Nexis, HSBC, DSW, Time Warner - non-events.

(PRWEB) May 26, 2005 -- The current explosion of high profile ID Thefts at ChoicePoint, Lexis Nexis, BOA, POLO, HSBC, DSW, show that encryption, firewalls, multi-level authentication, key systems, tokens, passwords, biometrics, CHIP & PIN, smart cards, paper shredders, credit report monitoring, ID theft insurance, credit report flagging, ID Theft law, locked letter boxes, etc. cannot stop identity theft.

However, they highlight three very important points: (1) ID Theft can affect every citizen and every business. (2) None of the existing so-called security solutions or advice can totally stop or prevent ID Theft. (3) ID Theft laws only highlight the thefts after they have been committed and cannot stop or prevent ID Theft.

DINKUM ID has taken a radical and a completely new approach towards securing personal IDs because it sees securing DATA and securing IDs as two completely different tasks." said Beng Lim, founder of DINKUMID

This is the first time that a single technology can provide a holistic approach to stop and prevent ID Theft and all crime and fraud arising from use of stolen IDs. It will therefore also stop terrorists from hiding behind stolen identities.

At anytime, your personal ID is residing in multiple platforms (other than computers) and locations: your ID can be in your wallet, on credit cards, in the desktop, at your work computer, in the computer at the department of motor transport, at the passport office, at your local bank, in transit in the Internet, on the receipt, in an application form, in a credit report, on the computer screen in front of the bank clerk, in a letter on the way to a letterbox somewhere, on the identity card, on the driver's license, in a file at the human resource department, at the medical clinic, in the rubbish bin, in the letter box, in Experian, Equifax, TransUnion, ChoicePoint and Lexis Nexis databases, at the telephone company, and hundreds of other places, across the country, across the world, simultaneously.

Unless your ID is protected at all those places, at all times, your ID is vulnerable to ID Theft at one or more of those places.

Therefore, one cannot try to secure one's ID in the hard disk and databases but leave it open to theft on the display screen and at the other places.

Securing IDs is more than encryption, biometrics, multi-level authentications, the New Seven Laws on Identity, looking over your shoulder, etc. ... it is also about preying eyes of insiders, pieces of papers, and so on.

One of the basic test of any ID security solution is: Can it stop a bank clerk who has logged into the banks network using multi-level authentication, tokens, biometrics, etc. sitting in front of and reading the IDs on display on his computer screen, from copying the IDs onto pieces of papers and selling the IDs and personal information on display on his computer screen to criminals and terrorists to commit fraud?

If the security solution cannot stop that then it is not a security solution against ID Theft.

The recent ChoicePoint, Lexis Nexis, Bank of America and Iron Mountain breaches show that no matter how 'secure your computer network or system is -- IDs can be lost through its weakest links.

ID Theft is an important tool for terrorists. According to the FTC, it is the fastest growing consumer crime in the US. It costs businesses over $50 billion each year and consumers over $5 billion in out of pocket expenses. It affects over 9 million Americans each year.

DINKUMID will reduce ID Theft to ZERO and is currently looking for partners in the US to launch its security solution as soon as possible.

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