Estimated read time: 3-4 minutes
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
[STK]
[IN] FIN ITE HTS ECM INS
[SU] PDT
-- WITH PHOTO -- TO BUSINESS, AND TECHNOLOGY EDITORS:
Newly Launched Identity Theft Protection Company, ID360, Provides
Comprehensive Investigative and Recovery Services
MAHWAH, N.J., March 10, 2014 /PRNewswire/ -- As identity theft
continues to rise, reliable solutions are needed to mitigate the often
far-reaching impact on victims. ID360 is a newly launched company that
goes beyond identifying potential identity fraud-it offers
comprehensive investigative and recovery services to resolve these
matters.
(Logo: http://photos.prnewswire.com/prnh/20140310/PH79504LOGO)
The N.J.-based company is comprised of highly trained recovery
specialists and a national network of former federal, state and local
law enforcement professionals and former prosecutors who have worked
in the public and private sectors. ID360 offers its service directly
to employers, associations and other groups, which then offer the
service to their constituents.
After a victim of identity fraud becomes aware of the problem, they
often are left to fend for themselves to restore their identity.
Remediating an individual's identity can take about six months or 200
hours, often requires the victim to take time off from work or resolve
their issues during the work day, and frequently requires a depth of
knowledge typically not possessed by the average victim. Having
experienced professionals to execute the recovery saves time and
offers peace of mind. ID360 performs the legwork to restore a member's
identity so they can continue regular activities.
"Organizations that offer ID360 give their employees or members
comfort and an all-inclusive solution to a widespread problem. Our
service also boosts the company's bottom line as a whole by preventing
otherwise lengthy work-time interruptions," said Jim LaPiedra, CEO and
President of ID360 and a former Deputy Inspector with the NYPD and
former security executive with a global financial institution.
Dan Russo is the COO and General Counsel of ID360 and a former partner
in one of the world's largest law firms where he represented one of
the national credit bureaus. He addressed credit monitoring, which
many companies offer to individuals whose identities were compromised
due to a data breach. "Credit monitoring is merely a tool that may
detect new account fraud but will miss some of the most problematic
types, including tax refund fraud, criminal identity fraud and medical
identity fraud," he said.
"But no matter the type, after becoming aware of the issue the victim
then is faced with the daunting question of 'Now what?' An efficient
and effective response is critical. ID360 fills a real void in the
marketplace because we handle the matter for our members utilizing a
limited power of attorney. This frees up their time for work and
family rather than spending countless hours in call queues with
multiple agencies or creditors or both."
"We are a real benefit to employers as well, because we know that
employees have little choice but to attempt to navigate through the
maze of red tape during working hours," Russo added.
According to a recent Javelin Strategy & Research report, identity
fraud increased by more than one million victims in 2012. Last year,
criminals took $21 billion from 12.6 million Americans-the highest
amount since 2009. Every three seconds, a person's identity is stolen.
About ID360 Based in Mahwah, N.J., ID360 is an identity protection
company that provides extensive educations to its members on identity
theft avoidance and detection and undertakes investigative and
recovery efforts for its members in cases of identity fraud. Drawing
upon a multidisciplinary team of legal, law enforcement and
investigative professionals, ID360 handles all aspects of identity
theft restoration. The service is available to individuals through
employers, associations and other group offerings. Visit
www.yourid360.com to learn more.
Read more news from ID360.
For more information, contact: Stephen Hill Director of Sales and
Marketing Email (800) 962-7466
SOURCE ID360
-0- 03/10/2014
/Photo: http://photos.prnewswire.com/prnh/20140310/PH79504LOGO
PRN Photo Desk, photodesk@prnewswire.com
/Web Site: http://www.yourid360.com
CO: ID360
ST: New Jersey
IN: FIN ITE HTS ECM INS
SU: PDT
PRN
-- PH79504 --
0000 03/10/2014 12:30:00 EDT http://www.prnewswire.com
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
