What is Identity Theft?
Identity theft is a crime in which an imposter gains access to another’s information, such as Social Security or credit card numbers, and uses them for personal gain. Identity theft might be the result of a lost or stolen purse, stolen mail, documents taken from your trash, a data breach, computer virus or telephone scam. It can result in check and/or credit card fraud and many other types of identity fraud that can drain your financial accounts, ruin your credit, endanger your employment and cost you money to repair.
Will YOU become a victim of Identity Theft?
According to Javelin Strategy & Research, 2010 Identity Fraud Survey Report, Identity Theft is on the rise for the second year in a row. In 2009, more than 11 million Americans became victims of identity fraud, up nearly 10 million in 2008.
Nothing is more important to your financial institution’s business than your members. Loyal members feed your profitability pipeline, and it’s up to you to provide those products that keep them connected – not just to you, but to the services they find important, relevant, timely and affordable.
Identity Theft Protection
With the IDProtect Program, your members are protected against the nation’s fastest growing crime. Our identity theft solution is positioned for you to offer IDProtect at a very reasonable cost, or even at no cost to your members and their families. You will enjoy the benefits of stronger member relationships and potential new fee income opportunities. That’s peace of mind that really pays off.
Giving Your Members More
Earning and keeping your members trust is paramount to establishing a long-term financial partnership. When you offer IDProtect, you not only tell your members that you have their best interest and safety in mind; you are taking additional key steps to let them know that protection of their personal information is a priority at your financial institution.
Program Highlights
- Up to $25,000 identity fraud expense reimbursement coverage for expenses associated with clearing their name and repairing damaged credit should they fall victim to identity theft2
- Family plan is standard
- ID theft recovery kit to aid in the restoration of identity
- Toll-free access to a dedicated consumer fraud recovery specialist who can walk your customers through the process of reclaiming their identity
- FCRA and FACTA certified recovery specialist
- Online identity theft news center, and valuable phone and web resources to safeguard identity
- Debit and credit card registration
- Total Identity Monitoring – monitoring over 1,000 non-credit databases where identity theft could be evident
- 3-in-1 credit file monitoring – providing daily monitoring and automated alerts of key changes to Equifax, Experian and TransUnion credit reports. Including 3-in-1 credit report and unlimited access to Equifax Credit ReportTM.3
Giving Your Financial Institution More
We offer our clients a program that is as comprehensive and competitive as any available in the marketplace – and at a competitive price point. We work closely with you to determine the best IDProtect solution for you and your members. Your members know they are getting the best value from you, and you have an opportunity to refresh your existing benefits or to re-price and re-promote all your accounts.
Our IDProtect Program includes turnkey implementation for our clients:
- We design and produce all program materials, coordinate notification mailing(s), and provide on-site training and presentation tools for your employees.
- IDProtect brings a proven track record of superior support.
If you are a bank, credit union or financial institution who is looking for additional fee income, protection of your collateral, and the ability to provide your members with a valuable service, please Contact Us.
1 2010 Identity Fraud Survey Report released by Javelin Strategy & Research.
2 The desription herein is a summary only. It does not include all terms, conditions and exclusions of the policy described. Please refer to the actual policy for complete details of coverage and exclusions. Insurance is offered through the company named on the certificate of insurance.
3 Credit file monitoring services are provided through Equifax Credit WatchTM Gold. Equifax, Equifax Credit Report, and Equifax Credit Watch are trademarks of Equifax Inc. Equifax’s credit monitoring products are protected under U.S. Patent No. 7,028,052.
