Scottsdale, AZ (PRWEB) October 17, 2013
IDentity Theft 911, a leader in identity management and data risk management services, today announced Director William (Bill) Tait as the company’s newest board member. Tait currently holds the position of Corporate Vice President of Strategic Partnerships at Humana, one of the nation’s leading health and well-being companies. He joins current board members Herb Pardes, M.D., David H. Cohen, PhD., and long-time chairman and co-founder of IDentity Theft 911 and Credit.com Adam Levin. Together, the directors provide knowledge and guidance about the intersection of healthcare, credit, identity theft, and education.
In 2012, healthcare providers were plagued by a record number of breaches -- exposing the personal identifying information of millions to identity thieves. Compromised institutions face significant reputational damage and harsh regulatory response, as well as the enormous expense associated with damage control and litigation preparation and defense.
The Ponemon Institute recently reported in its "Annual Benchmark Study on Patient Privacy & Data Security" that 94% of health organizations sampled had at least one data breach in the past two years, and nearly half have had more than five incidents in the same period at an average cost of $2.4 million per breach.
“With the addition of Bill to an already robust board of directors, IDentity Theft 911 and IDT911 Consulting are poised to further develop strategic partnerships with organizations in insurance, healthcare, education, and finance,” said Levin. “His track record in implementing successful sales strategies and structures at Humana, coupled with his knowledge of healthcare, helps the two companies better achieve the current and planned strategic objectives.”
“I am proud to join the IDentity Theft 911 board and use my background in healthcare and strategic partnerships to increase the breadth and depth of both businesses,” said Tait. “Organizations, and specifically healthcare, face a range of challenges, including the Affordable Healthcare Act, the HITECH Act, HIPAA rules, mandated electronic health record guidelines and privacy and security compliance regulations. It’s important that these institutions realize the mass amounts of data they are responsible for and learn how to protect it – before it’s too late.”
IDentity Theft 911 serves 17.5 million households across the country and provides fraud solutions for a range of organizations, including Fortune 500 companies, the country’s largest insurance companies, corporate benefit providers, banks and credit unions and membership organizations. Since 2005, the company has helped more than 600,000 businesses manage data breaches.
About IDentity Theft 911
Founded in 2003, IDentity Theft 911 is the nation’s premier consultative provider of identity and data risk management, resolution and education services. The company serves 17.5 million households across the country and provides fraud solutions for a range of organizations, including Fortune 500 companies, the country’s largest insurance companies, corporate benefit providers, banks and credit unions and membership organizations. Since 2005, the company has helped more than 600,000 businesses manage data breaches. IDentity Theft 911 is the proud recipient of several awards, including the Stevie Award for Sales and Customer Service and the Parent Tested, Parent Approved award for social networking monitoring tool SocialScout. For more information, please visit http://www.idt911.com, http://www.facebook.com/idt911 and http://www.twitter.com/idt911.