Tualatin, Oregon (PRWEB) January 23, 2007
Portland area based full-service National Data Protection and Identity Theft Recovery Leader, Identity Safeguards, LLC announced today the second release of its Confidential Identity Protection Solution ("CIPS").
In March 2006, Identity Safeguards, http://www.identitysafeguards.com sponsored one of the first American Conference Institute programs on Preventing, Detecting, and Recovering from Data Breach aimed at educating organizations on the emerging risk, risk mitigation strategies, and possible solutions. It was here that Identity Safeguards, LLC first launched its Confidential Identity Protection Solution.
Identity Safeguards' Confidential Identity Protection Solution was the first fully managed proactive protection solution in the growing data breach and identity theft industry to offer businesses a proactive risk-based approach to detecting and mitigating data security exposures combined with a comprehensive emergency incident response plan. The Solution includes information security assessment, incident response plan gap assessment and readiness plans, employee education, and anti-phishing tools.
The Confidential Identity Protection Solution, the most advanced and inclusive proactive solution in the industry, originally created in 2004, has been perfected during the past two years in response to client demand and increased criminal sophistication. Recently packaged in the Solution, to cover the potential costs of a data breach, is a breach insurance policy. This policy covers legal liability damages, defense, regulatory action, and notification expenses, in addition to crisis management, and identity theft recovery services for victims, including education, assistance, and credit monitoring.
"Confidential data loss or theft and resulting identity theft has become a risk businesses and consumers cannot afford to ignore," said Identity Safeguards President and Industry Expert, Richard Kam.
According to an October 2006 study: Cost of a Data Breach, conducted by the Ponemon Institute, LLC, identity theft continues to be one of the fastest growing crimes in America, costing a business an average of $4.8 million per data loss or theft in 2006, or $182 per lost record.
"That is only an average," says Kam. "Some data breaches have cost [a business] upwards of $22 million. And the figure is steadily rising. Businesses are increasingly at risk of experiencing high-profile data breaches involving extensive media coverage and potentially alienating consumers."
"Our goal, says Kam, was to create a plan [in conjunction with our Emergency Incident Response Service] that will help businesses prevent data breaches, addressing issues before they occur, rather than merely assisting them after damage has been done--CIPS [Confidential Information Protection Solution] is that plan. It has proven successful during the past two years and we're confident it will continue to lead the industry in providing businesses the protection they are searching for."
About Identity Safeguards:
Identity Safeguards, LLC, National Leader in Corporate Identity Security, provides fully-managed data protection and identity theft recovery services to individuals and businesses of any size throughout the nation. Identity Safeguards offers businesses proactive and reactive solutions both to manage the risk of data breach and to respond effectively by offering the appropriate remedies to consumers in the event such a breach occurs. In the event of a data breach turned Identity Theft Event, highly trained in-house "Recovery Advocates", through power of attorney agreements, manage Identity Safeguards' member victim cases, contacting credit bureaus, financial institutions, law enforcement, and in some cases FBI agents, in order to successfully restore victim's credit and life back to pre-event status. Identity Safeguards also offers legal notification, call center services, and ID Protection Packages containing credit monitoring and reimbursement. This highly specialized service, along with Identity Safeguards' Confidential Information Protection Solution (CIPS) and Emergency Incident Response Service (EIRS), is what separates Identity Safeguards from the majority of competitors who typically offer do-it-yourself kits along with credit monitoring, or after-the-fact solutions alone that fail to protect businesses and individuals from repeat incidents. Identity Safeguards provides restoration services for thousands of citizens in the U.S. Currently, hundreds of corporate entities, government agencies and non-profit organizations nationwide offer Identity Safeguards' proactive and reactive solution to the data breach and identity theft problem.
For additional information contact Karen Riley
at 503.419.4585 ext. 109/ 800.298.7558 or http://www.identitysafeguards.com