Edentify Inc., a leading provider of identity management and fraud detection solutions, today announced its IDAlert(TM) technology is now included in National ID Recovery’s (NIDR) proprietary data breach solution. Now NIDR’s customers have access to the latest and most state-of-the-art identity fraud protection solution, Edentify’s IDAlert(TM), which monitors customers’ identities for fraudulent activity.
“The recent TJ Maxx security breach puts in perspective just how big a problem credit card and data theft has become for consumers, retailers and businesses, and what an even bigger problem it causes when it’s not detected early,” says Terrence DeFranco, CEO of Edentify. “This new solution that National ID Recovery is rolling out is the most proactive solution on the market for remedying the effects of a breach because it scans more broadly and deeply. Our robust IDAlert(TM) technology warns victims when their identity has been stolen, and helps them mitigate any damage to their assets and personal information. Edentify’s partnership with NIDR, not only holds great revenue potential for the company, but also presents an opportunity to take direct aim at ending the national crisis of data and security breaches when the issue is hot.”
NIDR is a Georgia-based company that provides low-cost ID recovery plans to individual subscribers. In addition, NIDR engages in strategic partnerships and affiliations with companies, organizations, agencies, consumer advocates, and contacts throughout education, government, technology, and law enforcement.
Here’s how the partnership between Edentify and NIDR works:
* Individuals or businesses sign a contract with NIDR for its fraud protection services.
* If an NIDR customer’s identity is stolen, NIDR notifies the victim, and gives them a toll-free number to help resolve the breach. * Edentify’s IDAlert(TM) monitors the victim’s name and Social Security number to determine whether their identity has been compromised.
* If no criminal activity is detected, IDAlert(TM) reruns the victim’s identity every 30 days for the length of their NIDR contract, or until criminal activity occurs.
“We all know that the perfect solution is one that stamps out identity theft completely,” says Ron Logan, CEO of NIDR. “But, short of that, catching criminals before they can cause real harm to our customers’ assets is the next best thing. IDAlert(TM) has the broadest reach in terms of its ability to protect our customers’ identities, giving them the peace of mind to know their information is always protected.”
Edentify, Inc. (‘Edentify’) was formed in August 2004 with the objective of becoming the leading organization in the field of developing and deploying data analysis technology solutions for preventing identity theft and fraud. It is currently a later development-stage company and expects shortly to begin a period of growth. Edentify will seek to fulfill its goals by analyzing the means by which identity crimes are perpetrated and through the development of new technologies and procedures to assist corporations, the government, and consumers in the fight against identity fraud and related crime. Edentify owns the intellectual property rights to two strategic approaches towards the detection and prevention of identity fraud. One is a patented information-based approach that analyzes identity data information for individuals in large databases, and is capable of detecting and scoring incidences of identity manipulation and potential theft (Identity Quotient Index(TM)). Edentify will continue to market this technology to the financial services industry, as well as to large healthcare organizations and local, state, and federal government agencies. The second approach, which is still under development, is a biometric technology that will be marketed through and is named after our wholly-owned subsidiary, InMotion Biometrics, Inc. (‘IMB’). This novel set of algorithms combines face and voice recognition techniques for authenticating the identity of an individual. Additionally, the system is designed as a multi-modal platform capable of combining the reading of two or more biometric technologies simultaneously. Edentify is based in Bethlehem, Pa.
ABOUT NATIONAL ID RECOVERY
National ID Recovery, LLC (NIDR) was formed in April 2004, NIDR is a technology driven company providing the most complete managed identity theft recovery solutions available. Through customized solutions, NIDR provides the tools necessary to fully recover a person’s identity no matter how, when or where the identity was compromised. With a 100% managed recovery rate, NIDR is a valued solutions partner to Fortune 1000 corporations, large organizations, and financial institutions. National ID Recovery, LLC is a privately held company with extensive experience in identity theft, security, information technology, management, and compliance based in Norcross, GA. For more information please call (877) 253-0100 or visit us at www.nationalidrecovery.com.