Identity Theft Resolution
This text is replaced by the Flash movie.
Huge Potential Liabilities Demand Serious Protection
In today's world of electronic commerce and database-driven information systems, businesses have become custodians of large amounts of detailed personal data. With ID theft ranking as America's fastest growing crime, there is mounting concern about the consequences of data breaches. A company's confidential customer data is a prime target for hackers and identity thieves who can wreak untold financial and personal havoc. In 2006, according to the Privacy Rights Clearinghouse, the total number of confidential personal records involved in security breaches was close to 94 million.
Consumers and employees expect businesses to keep their sensitive, private information secure, and the potential liabilities stemming from a data breach can be staggering. According to a study by the Ponemon Institute, data breaches in 2006 cost companies an average of $182 per compromised record - an increase of more than 30 percent over the previous year - yielding an average loss of $4.7 million for each company surveyed. Companies are actively searching for protection against this threat.
A New Level of Assurance
Europ Assistance USA's Data Breach Response Service helps corporations protect themselves, their customers, and their employees from the negative impact of breached data and identity theft. Should a breach occur, affected customers and/or employees can be notified in a timely manner through the service. These individuals receive access to one year of free credit monitoring services. The related ID Theft Resolution Services, often added to a company's package of employee benefits, helps victims quickly and easily recover from identity theft.
The services include assignment of a specially trained coordinator who personally assists the victim by doing the necessary paperwork, making appropriate phone calls, and completing other restoration activities, such as credit report reviews, account cancellations, disputed items removal, and more, on behalf of the victim. The work is done by a specialist trained for such cases, and the employee is freed up to focus on work instead of restoring his or her good name.
Many of the corporate risks associated with identity theft can be mitigated by the development and implementation of sound policies, systems, and procedures. Lost employee productivity is just one aspect of the corporate impact of identity theft. While it is not an insignificant one, it is one that can be managed using available solutions such as Europ Assistance USA's Data Breach Response Service.
For a complete list of the specific benefits and functions of this valuable protection service, contact Europ Assistance USA today.
