Scottsdale, AZ (PRWEB) May 08, 2013
IDentity Theft 911, a leader in identity management and data risk management services, today announced another high profile addition to its Board of Directors. Herb Pardes, M.D. joins David H. Cohen, PhD, and the company’s long-time Chairman and Co-Founder, Adam K. Levin. Together, these three directors bring to the board decades of knowledge and expertise in the healthcare, higher education, credit and identity management sectors.
According to Levin, “This is an ongoing effort to align the skills of the outside directors more closely with the current and planned strategic objectives of the company.”
In 2012, healthcare providers and educational institutions 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. University attacks, like the string of hacks affecting more than 100 major institutions last year, have exposed the sensitive data of millions.
“As healthcare and higher education represent strong future growth areas for IDentity Theft 911 and IDT911 Consulting, I cannot think of two more qualified individuals than Drs. Pardes and Cohen to advise our company on how best to capitalize on these opportunities,” said Levin. “Both have a proven track record of successfully growing enterprises and a history of productively working together in senior administration at Columbia University and at the Association of American Medical Colleges where each has held the elected office of Chairman of the Association.”
Dr. Cohen spent 17 years in university senior administration. From 1986 to 1995 he served as Vice President for Research, then Provost at Northwestern University and from 1995 to 2003 as Vice President and Dean of the Faculty for Arts and Sciences at Columbia University. Dr. Cohen is currently Vice President and Dean of the Faculty Emeritus, Alan H. Kempner Professor Emeritus of Biological Sciences, and Professor Emeritus of Neuroscience in Psychiatry at Columbia University. He has been a consultant for the National Institutes of Health, the National Science Foundation, the Department of Defense, and the National Academy of Sciences. He has served on a number of for-profit and not-for-profit boards and currently is a director of Eduventures and Oaktree Educational Partners.
Dr. Pardes currently serves as Executive Vice Chairman of the Board of New York-Presbyterian Hospital, where he was previously its president and CEO. Under his leadership, New York-Presbyterian rose to become one of the most highly regarded and comprehensive health care institutions in the world. The hospital is top-ranked in the New York metropolitan area and is consistently ranked among the best academic medical institutions in the nation, according to U.S. News & World Report. Prior to his tenure at New York-Presbyterian, Dr. Pardes was Vice President for Health Sciences of the Columbia University Medical Center and Dean of the School of Medicine. He served as Assistant U.S. Surgeon General and Director of the National Institute of Mental Health (1978-1984). Also, he was President of the American Psychiatric Association.
“Colleges and universities are under constant assault by thieves, hackers and insiders who seek to exploit the personal information of others for their personal financial gain. It is incumbent upon these institutions to more fully appreciate the treasure trove of data they hold and design and implement stricter security protocols to more effectively protect the sensitive information and ensure the privacy of their staff and students,” said Dr. Cohen.
Dr. Cohen said, “I am exceedingly proud of my association with IDentity Theft 911. It is deeply dedicated to a demanding and critical mission and is an organization of the highest integrity. The company has already assisted universities through significant data crises and is actively expanding its team in response to a growing caseload. I find its strategic objectives and the plan to reorganize the board to align with those objectives compelling persuasive. I am delighted that Herb Pardes has joined us and look forward to working with him once again.”
Dr. Pardes said, “Today healthcare institutions are in the eye of a perfect storm. They face a variety of daunting challenges: the Affordable Healthcare Act, the HITECH Act, the Omnibus HIPAA rules, federally mandated digitization of patient records, complicated privacy and security compliance issues and an environment where the value of purloined medical records is skyrocketing. As has always been the case in my profession, there is no substitute for meticulous attention to details, access to the most talented professionals with the best minds, and preparation for any eventuality.”
Dr. Pardes continued, “I am delighted to be associated with Identity Theft 911. They bring broad and top notch capacity to the growing problems of data breach and identity theft. These are important issues of considerable challenge to healthcare providers throughout the nation.”
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. In addition, the company provides preventative and breach response services to more than 600,000 businesses. 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.