Contact Information: Media Contact: TrustedID, Inc. Erik Moser 312.329.3908 mosere@ruderfinn.com ITRC Jay Foley 858.693.7935 Media@idtheftcenter.org
Identity Theft Resource Center Selects TrustedID to Proactively Prevent Identity Theft, Provide Peace of Mind
ITRC Offers TrustedID's Proactive Solution, IDFreeze, to Identity Theft Victims
| Source: TrustedID
SAN FRANCISCO, CA--(Marketwire - January 15, 2008) - TrustedID and ITRC announced today that
the Identity Theft Resource Center (ITRC), a national nonprofit
organization dedicated to preventing identity theft and assisting its
victims, has selected TrustedID's IDFreeze to proactively protect consumers
against identity theft, one of the nation's fastest-growing crimes.
With IDFreeze, ITRC enables individuals and families to prohibit the three
major credit bureaus, Equifax, Experian, and TransUnion, from releasing
credit reports to lenders without their direct permission.
According to a 2007 Gartner study, identity theft affected more than 15
million Americans in 2006. This means that there were almost 30 new victims
every minute or one new victim every two seconds. The study also found
that the average financial loss more than doubled in one year, rising from
$1,400 in 2005 to nearly $3,300 in 2006. The Federal Trade Commission's
most recent survey found that some 2005 victims spent almost 60 hours
trying to clean up the damage caused by an identity thief.
"For victims of identity theft, the costs -- financially and emotionally --
can be great," says Jay Foley, executive director of ITRC. "That's why
we're pleased to give identity theft victims access to TrustedID's
IDFreeze, which enables them to conveniently place freezes on all their
credit reports, the most proactive way to stop a theft before it can
happen."
In addition to managing credit freezes, IDFreeze monitors credit card
accounts for signs of identity theft and scans massive databases to ensure
the user's personal and financial information have not been compromised.
"The ITRC provides support and services to thousands of identity theft
victims each year, and we are proud to partner with them in preventing this
fast-growing crime," says Scott Mitic, CEO and founder of TrustedID. "We
believe this partnership will better arm individuals and families with the
tools they need to proactively protect themselves against identity theft,
and give them peace of mind."
About the ITRC
The Identity Theft Resource Center® (ITRC) is a nonprofit organization
established to support victims of identity theft in resolving their cases
and to broaden public education and awareness in the understanding of
identity theft. It is the on-going mission of the ITRC to assist victims,
educate consumers, research identity theft and increase public and
corporate awareness about this problem. Visit www.idtheftcenter.org
About TrustedID
TrustedID is a leading provider of proactive consumer identity theft
protection solutions, helping hundreds of thousands of consumers protect
their identities.
The company's flagship product, IDFreeze, is the most powerful solution
available today to stop identity theft before it happens, and includes the
ability for customers to freeze their credit reports at Equifax, Experian
and TransUnion. TrustedID's services are backed by a $1,000,000 service
warranty. IDFreeze is available to consumers through the nation's leading
financial institutions and consumer brands, as well as directly through
TrustedID's website, www.TrustedID.com.