Cyveillance Identity Theft Protection Now Available As Highly Secure Web Service

December 13, 2006; 09:04 AM
Cyveillance, the leading provider of online risk monitoring and management solutions, today announced the launch of its Cyveillance Identity Theft ProtectionTM as a Web service. Available immediately to enterprises and OEM data partners, the new Web service is easily integrated into existing transaction processing procedures enabling organizations to proactively protect their clients and themselves from fraud.

Powered by the Cyveillance Intelligence Center™, an exclusive, patented technology platform, Cyveillance Identity Theft Protection helps organizations substantially reduce fraud claims by proactively monitoring the Internet for compromised credit and debit card numbers, as well as sensitive personal information. To date, Cyveillance has identified more than 10 million compromised credentials targeted for fraudulent use.

“From the increased use of stolen credit cards to false credit applications, the rising cost of fraudulent transactions is an issue shared by most organizations,” said Panos Anastassiadis, CEO of Cyveillance. “Cyveillance is proud to leverage our long history of monitoring compromised personal data to provide organizations with an easy to use proactive Web service that greatly reduces costs and business risks related to fraud.”

The Cyveillance Identity Theft Protection Web service provides real-time access to the same intelligence used by many of the top credit card issuing banks and credit unions. This intelligence, comprised of sensitive information detected on the open Internet, includes compromised credit and debit card numbers, social security numbers, PIN numbers and other personal data. Using this data, organizations can reduce their fraud-related losses through proactive detection of high-risk transactions. Specific benefits include:

• Reduction in fraud-related expenses due to card and SSN fraud
• Protection against fraudulent applications (i.e. effective screening of counterfeit credit applications)
• Identification of compromised cards before substantial fraudulent charges have been incurred
• Reduction in the number of card charge backs

For more information on the Cyveillance Identity Theft Protection Web service, please visit http://www.cyveillance.com/web/solutions/oem/id_theft.htm.

About Cyveillance:

Cyveillance provides online risk monitoring and management solutions to Global 2000 organizations. The company comprehensively monitors the Internet using patented technology to deliver early warning of risks to information, infrastructure and individuals. Armed with this actionable intelligence and Cyveillance’s immediate corrective response capability, chief security officers can proactively protect their company’s reputation, revenues and customer trust. Cyveillance counts over half of the Fortune 50 and three quarters of the top Fortune 500 companies in the financial services, pharmaceutical, energy, and technology industries as clients.