Identity
Theft
As Money Moves Online, the Thieves
are Following
The Problem
As e-commerce and online banking become
an everyday part of consumer life, so does the threat of having bank account
and credit card numbers stolen. Illegal
access to this and other information such as a driver’s license or a social security
number enable online thieves to withdraw money from a consumer’s account, or
worse, open fraudulent accounts in the consumer’s name at various financial institutions.
According to CIO Magazine, Identity theft
and credit card fraud are the top two concerns
of consumers who shop and make purchases
online
Identity theft occurs when the bad guys
illegally acquire account information that
allows them to assume another person’s “identity.” There
are two types of identity theft: “account
fraud” and “account takeover.”
Account
takeover occurs when a thief acquires
credit card information and makes purchases
disguised as the real account holder.
Account fraud happens when the thief
uses stolen information such as a Social
Security Number to create multiple new
accounts in the owner’s name. Because
the thieves use a different billing address,
the victim is often unaware of the crime,
sometimes for months.
Today, phishing, key
logging, spyware and
a host of other online scamming techniques
are responsible for losses totally nearly
$50 billion.
Products
ValidateID™
Strikeforce’s ValidateID™ provides
strong protection against identity theft
by confirming the true identity of an an
applicant prior to opening a new financial
service or a password reset
GuardedID™
GuardedID™ creates a 128 bit encrypted
separate pathway for information delivery
from a keyboard to a targeted application
at a local computer. It eliminates any
chance of spyware/malware being used to
collect user information. GuardedID™ stays
in effect during an application session
so that “ALL” entered information
is encrypted and protected.
ProtectID™
ProtectID™ is the strongest multi-protocol
authentication platform in the world.
Built using the concept of ‘Out-of-Band,’ usernames
and passwords are separated and sent
to the host server via separate channels. The
platform offers many types
of authentication methods (Fingerprint,
Iris, Smartcard, Tokens, SSL_Password,
Phones etc.). The platform’s
open platform architecture seamlessly
integrates into any existing computing
environment with the added benefit of
knowing that each of the “identity” products
listed above can be added at any time.
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