SAN FRANCISCO (PRWEB) April 18, 2019
Bloom, a leader in blockchain solutions in identity security and lending, announces today its dark web data monitoring service, Bloom Radar. The free service monitors and scans data breaches for personal information to alert customers in real-time of compromised data. Unlike many of today’s companies, Bloom has a mission of protecting the public’s data.
Bloom Radar empowers consumers to take back control of their data and help reduce the risk of identity theft by alerting them in real-time that information has been exposed, allowing them to take action immediately, as opposed to weeks or months later--such as many current services provide. Companies that integrate with BloomID lower their risk of leaking consumer information by putting the power to store and share that data in the hands of the users.
Data breaches and identity theft are rapidly on the rise. In 2018, over 2.6 billion records were exposed and in 2017, there were over 16.7 million victims of identity fraud, leading to $16.8 billion in financial damages. These records are often sold on the dark web, where identity thieves profit from the stolen information.
“As breaches have swiftly expanded in their size, scope, and frequency, people are seeking to protect their data amid the growing prevalence of identity fraud and the damage it wreaks on victims. At Bloom, we’re dedicated to: empowering people to take control of their credit and identity, building groundbreaking experiences and workflows for the everyday person, and delivering modern technology that enables increased security, transparency, and financial access,” stated Jesse Leimgruber, Co-Founder of Bloom.
With BloomID and Bloom Radar, users can take back their data through a cryptographically-secured Bloom identity, while monitoring the latest data breaches for compromised accounts.
Bloom is a blockchain solution for identity security and cross-border credit scoring. Bloom restores ownership and control of identity information and financial data back to consumers. By decentralizing the way that information is shared between untrusted parties, the system reduces risk of identity theft and minimizes costs associated with customer on-boarding, compliance and fraud prevention.
The company’s current offerings, secure identity solution BloomID and B2B lending solution, Bloom Journey mark a revolution in the way individuals control their data and give consumers the power to decide exactly how it is used. Since its launch, the Company has grown to over 250,000 users, has announced several major partnerships, and brought over a dozen lenders into the Bloom lending marketplace. Bloom is available on both iOS and Android in the Apple and Google store.