Identity Theft Resource Center

The Identity Theft Resource Center Predicts More ID Fraud, State Privacy Laws & Concerns Around AI in its 2024 Predictions

Retrieved on:

Wednesday, December 13, 2023

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SAN DIEGO, Dec. 13, 2023 /PRNewswire-PRWeb/ -- The Identity Theft Resource Center® (ITRC), a nationally recognized nonprofit organization established to support victims of identity crimes and compromises, has released its 2024 predictions.

Key Points:

"We believe there will be new levels of identity crimes due to the record number of data breaches in 2023.
"We believe there will be new levels of identity crimes due to the record number of data breaches in 2023.
We also believe there will continue to be a movement for privacy laws but on the state level rather than the federal level.
Read a full recap of our 2023 predictions and how we fared, along with an in-depth look ahead to 2024 at idtheftcenter.org/identity-theft-resource-center-2024-predictions .

The Identity Theft Resource Center Creates Advisory Board: Announces First Members

Retrieved on:

Monday, December 11, 2023

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SAN DIEGO, Dec. 11, 2023 /PRNewswire-PRWeb/ -- The Identity Theft Resource Center® (ITRC), a nationally recognized nonprofit organization established to support victims of identity crime, is pleased to announce the addition of an advisory board that will operate as the Alliance for Identity Resilience (AIR). Six executives across a variety of disciplines, industries and sectors are the first Board members to be appointed.

Key Points:

Six executives across a variety of disciplines, industries and sectors are the first Board members to be appointed.
The AIR Advisory Board will operate within the framework of the ITRC's mission to empower individuals and businesses through education, support and innovative strategies.
The primary purpose of AIR is to advise the ITRC on matters related to identity crime.
"Identity crimes are dynamic and ever-evolving, which means we need help keeping pace with the tactics of criminals so we can create the services needed to support victims," said Eva Velasquez , President and CEO of the Identity Theft Resource Center.

SGNL.ai Secures Strategic Investment from M12, Microsoft's Venture Fund

Retrieved on:

Wednesday, December 6, 2023

PALO ALTO, Calif., Dec. 6, 2023 /PRNewswire/ -- SGNL.ai, the industry's first Continuous Access Management company, announced that M12, Microsoft's Venture Fund, has made a strategic investment in the company.

Key Points:

PALO ALTO, Calif., Dec. 6, 2023 /PRNewswire/ -- SGNL.ai, the industry's first Continuous Access Management company, announced that M12, Microsoft's Venture Fund, has made a strategic investment in the company.
The M12 investment is part of a $10 million strategic round that includes funding from Cisco Investments and other investors.
Complex identity environments require dynamic authorization that is more robust than what has traditionally been available," said Scott Kriz, CEO of SGNL.ai.
It immediately follows SGNL's participation in the Microsoft Security Copilot Partner Program Private Preview announced at Ignite last month as well as Cisco Investment's strategic investment announced that same week.

Facial Verification - Not Recognition - Needed to Reduce Identity Crimes: Identity Theft Resource Center

Retrieved on:

Wednesday, November 29, 2023

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SAN DIEGO, Nov. 29, 2023 /PRNewswire-PRWeb/ -- Today, the Identity Theft Resource Center® (ITRC), a nationally recognized nonprofit organization established to support victims of identity crime, has published a discussion paper that looks at the need to improve the ways we verify identities in order to reduce the number of identity crime victims.

Key Points:

"The question we should be asking ourselves is not if we adopt biometric ID verification, but how," said Eva Velasquez , President and CEO of the Identity Theft Resource Center.
"For decades we have relied almost exclusively on personal information that has largely been compromised in data breaches to verify someone's identity.
If we continue to resist biometric ID verification, especially facial verification, consumers will remain at a higher risk of falling victim to identity criminals using stolen personal information."
"What we have learned during the year is that there are safe and ethical ways to deploy facial verification that avoids the documented concerns about equity and bias with surveillance-related facial recognition," Velasquez continued.

IDIQ Executive Leadership Joins San Diego Cyber Center of Excellence Board of Directors

Retrieved on:

Tuesday, October 31, 2023

IDIQ ®, a leader in financial and identity protection, today announced it has joined the board of the Cyber Center of Excellence (CCOE), a San Diego-based nonprofit dedicated to growing the regional cyber economy and creating a more secure digital community for all.

Key Points:

IDIQ ®, a leader in financial and identity protection, today announced it has joined the board of the Cyber Center of Excellence (CCOE), a San Diego-based nonprofit dedicated to growing the regional cyber economy and creating a more secure digital community for all.
Representing IDIQ on the CCOE Board is Michael Scheumack, IDIQ chief marketing and innovation officer .
As a member of the Board of Directors, Scheumack brings more than 20 years of cybersecurity, technology and marketing experience in the financial, credit and identity theft protection industries.
"We are honored to have IDIQ join our elite roster of CCOE Board Members with a focus on identity theft education.

Identity Theft Resource Center 2023 Business Impact Report Finds Record Level of Attacks Despite High Confidence in Defense

Retrieved on:

Tuesday, October 24, 2023

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SAN DIEGO, Oct. 24, 2023 /PRNewswire-PRWeb/ -- The Identity Theft Resource Center® (ITRC), a nationally recognized nonprofit organization established to support victims of identity crime, has published its annual report on the impacts of identity crimes and cyberattacks on small businesses and solopreneurs – the 2023 Business Impact Report (BIR).

Key Points:

SAN DIEGO, Oct. 24, 2023 /PRNewswire-PRWeb/ -- The Identity Theft Resource Center® (ITRC), a nationally recognized nonprofit organization established to support victims of identity crime, has published its annual report on the impacts of identity crimes and cyberattacks on small businesses and solopreneurs – the 2023 Business Impact Report (BIR).
For the report, the ITRC surveyed 551 small business owners, leaders and employees to explore the impacts of cybercrimes on small businesses (see the "About the ITRC 2023 Business Impact Report" section below for more information).
Despite the record number of attacks, 85 percent of respondents said they were ready to respond to a cyber event, up from 70 percent in 2022 .
Identity crime markets have rebounded this year, leading to record levels of breaches , suicide rates , and business attacks.

Shred-it® Annual Data Protection Report Finds Vulnerable Small Businesses Risk Losing More than Money

Retrieved on:

Tuesday, October 24, 2023

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BANNOCKBURN, Ill., Oct. 24, 2023 /PRNewswire/ -- Shred-it®, a leading secure information destruction service by Stericycle, Inc. (Nasdaq: SRCL), announced today the release of its 13th annual Data Protection Report (DPR), revealing crucial insights on information security concerns and challenges that small business leaders (SBLs) face. The report—titled "Vulnerable Small Businesses Risk Losing More than Just Money"—reveals perceptions of the current regulatory landscape and top barriers to compliance as well as assesses the demand for assistance from external partners.

Key Points:

Eighty-one percent of consumers would stop engaging with a brand online following a data breach, stated a Ping Identity consumer report .
Our 2023 Data Protection Report found that SBLs recognize that information and data security are critical in building and retaining strong relationships with customers.
However, many are still at risk of losing customers and related revenue if sensitive physical and digital data protection becomes compromised.
The full 2023 Data Protection Report provides actionable recommendations for small business leaders to help keep their digital and physical data secure as well as best practices to remain educated about changes in data protection legislation.

Q3 2023 Data Breach Report: Identity Theft Resource Center Reports Data Compromise Record with Three Months Left in the Year

Retrieved on:

Wednesday, October 11, 2023

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SAN DIEGO, Oct. 11, 2023 /PRNewswire-PRWeb/ -- Today, the Identity Theft Resource Center® (ITRC), a nationally recognized nonprofit organization established to support victims of identity crime, released its U.S. data breach findings for the third quarter (Q3) of 2023. According to the Q3 2023 Data Breach Report, there were 733 publicly-reported data compromises in the quarter, a 22 percent decrease compared to the previous quarter (941 compromises). Despite the decline Quarter-over-Quarter, the ITRC passed the annual all-time high in data compromises set in 2021 (1,862), tracking 2,116 data compromises through the first nine months with three months left in the annual reporting period. Of the 733 compromises in Q3, 386 data breach notices did not have an attack vector (53 percent).

Key Points:

According to the Q3 2023 Data Breach Report, there were 733 publicly-reported data compromises in the quarter, a 22 percent decrease compared to the previous quarter (941 compromises).
Of the 733 compromises in Q3, 386 data breach notices did not have an attack vector (53 percent).
According to the Q3 2023 Data Breach Report, cyberattacks remained the most common root cause of a data breach in Q3 (614 breaches).
Other findings in the Q3 2023 Data Breach Report Analysis include:
Supply chain attacks impacted scores of entities in Q3, even though they were not directly attacked.

FusionIQ Attains Coveted SOC 2 Compliance, Bolstering Leadership in Wealthtech Platform Cybersecurity

Retrieved on:

Wednesday, October 4, 2023

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The milestone underscores FusionIQ's unwavering commitment to cybersecurity excellence and solidifies its leadership position among wealthtech firms.

Key Points:

The milestone underscores FusionIQ's unwavering commitment to cybersecurity excellence and solidifies its leadership position among wealthtech firms.
The certification follows a rigorous companywide process that includes personnel references, cybersecurity training, and examinations, reflecting the meticulous effort invested by the FusionIQ team.
Mr. Messinger leads cybersecurity for FusionIQ, making the wealthtech provider a leader with regard to dedicated cybersecurity personnel.
Together with our SOC 2 Type I Compliance, FusionIQ remains dedicated to delivering the highest levels of security and service to our clients."

Identity Theft Resource Center Releases Report on Identity Crime in Black Communities Ahead of Cybersecurity Awareness Month 2023

Retrieved on:

Tuesday, September 26, 2023

SAN DIEGO, Sept. 26, 2023 /PRNewswire-PRWeb/ -- Today, the Identity Theft Resource Center® (ITRC), a nationally recognized nonprofit organization established to support victims of identity crime, in partnership with the Chicago-based Black Researchers Collective (BRC), released its Identity in Practice Report, which seeks to understand and examine identity crime victimization across Black communities in the United States. The project is supported by LifeLock (a part of Gen™), Synchrony and the Wells Fargo Foundation. This comes ahead of Cybersecurity Awareness Month 2023, of which the ITRC is a supporter of the annual initiative.

Key Points:

This comes ahead of Cybersecurity Awareness Month 2023, of which the ITRC is a supporter of the annual initiative.
"This research is an important step in gathering more data around identity theft victimization in Black communities," said Eva Velasquez , President and CEO of the Identity Theft Resource Center.
The findings in this report show that identity theft is a growing concern and that Black communities face distinct challenges.
Founded in 2004 and held each October, Cybersecurity Awareness Month is the world's foremost initiative aimed at promoting cybersecurity awareness and best practices.