The FTC On Identity Fraud’s Biggest Threat

pymnts.com

“Accounts being taken over is becoming a less challenging threat than fraudulent accounts and synthetic identity frauds, where stolen data is attached to fabricated accounts and identities. Because in those cases, the merchant and the creditor don’t know you, outside of the authentication information you provide up front.”-John Krebs (Manager of Identity theft program at Federal Trade Commission (FTC)

For businesses to know you, they need to be able to identify you, not authenticate or verify. At TASCET, we have created a process that uniquely identifies individuals to ensure one person, one identity. The process ensures an individual is not attributed to multiple or synthetic identities, whether through human error or an attempt at fraud. In other words, nobody can be you but you.

Equifax Just Changed the Rest of Your Life

nerdwallet.com

“Credit freezes lock down your credit reports in a way that should prevent “new account fraud,” or bogus accounts being opened in your name. But there are so many other ways the bad guys can use the information they stole, which included Social Security numbers, birthdates, addresses and some driver’s license numbers. Others include:

  • Stealing your tax refund and preventing you from filing returns by submitting fake ones
  • Using your information to get health care, which can result not only in medical collections on your credit reports but a stranger’s health information getting mixed in with your records
  • Giving your identification to the police when they get arrested, creating criminal records that could land you in jail or prevent you from getting a job
  • Filing for bankruptcy in your name or transferring deeds of property you own.”

As consumers, we continue to pay the price for the inadequate investment that companies have made to ensure our identities and identifying data are safe and secure. At a minimum, we should be demanding that our banks, hospitals and shopping centers adopt new technology and systems that will do this.

TASCET’s standard identification process provides not only the ability for companies to uniquely identify their customers, clients and patients, but also to make their identity anonymous and data useless to potential hackers in the event of a breach.

Vendor Integrations Break New Ground For Super ID

The latest release of the Tascet Super ID client application takes its reputation as a clean, simple and user-friendly user interface (UI) to new heights with a newly redesigned and refreshed UI that further simplifies and consolidates its core functionality.

The financial services version also introduces seamless integration with a number of the most popular banking and account processing platforms. The Super ID client now protects both browser-based platforms, such as Premier ITI Navigator from Fiserv and Core Director from Jack Henry Banking, and Windows-native platforms such as EZTeller from D+H (Davis & Henderson).

This platform integration also includes the automated operation of key functionality such as automatically locating customer details once they have been uniquely identified by the Super ID software, increasing security, simplifying usage, reducing human error, and improving the customer and user experience.

We will be working directly with these and other banking, health care and retail platform vendors to further improve and extend these integrations.

Contact us today for more information or a live demonstration of how the Super ID infrastructure and client application provides a modern, simple, and reliable way to drastically increase the security around every aspect of your day to day interactions with your customers.

The White House and Equifax Agree: Social Security Numbers Should Go – Bloomberg

bloomberg.com

Finally. Is now the time to remind everyone that the SSN was never meant to be used to verify identity? The SSN doesn’t need to be replaced for its intended purpose – to track income for tax purposes. Somewhere along the way, things went awry. Remember when SSNs were on our driver’s licenses?? How about your college ID? The digital age hit and everything went digital, except our identities. They’ve stayed cemented in information and documents, and fraud has flourished. The SSN doesn’t need to be replaced. We need a new system of identity and identifiers, and it’s being adopted.

By Brenda Sorenson

Senior Vice President, Tascet

Study Shows Health Workers Frequently Share EHR Passwords

healthcaredive.com

“Researchers found widespread sharing of EHR passwords, putting patients’ personal health information at risk, according to Healthcare Informatics Research.”

It is clear that even employees do not view and/or adhere to pins and passwords being an effective way to secure access to data. Employers need to take this seriously, as they will be the ones held accountable when that data is leaked, lost or stolen, whether it be by their employees or an outside threat.

 

Summit Credit Union Sues Equifax

pymnts.com

“Financial institutions will also need to take other necessary steps to protect themselves and their members or customers, including notifying members or customers, as appropriate, that their accounts may have been compromised.”

It’s not enough to just communicate to your customers that they may or may not have been hacked and that their personal information could be at risk. Data breaches will occur, so what can these banks do to ensure security and protection for their customers moving forward?

They can be proactive, by making their customers information anonymous and thus useless to any potential hacker. This is what Super ID does.

Robert D. Dixon Founders’ Award – Community Bankers of Iowa

cbiaonline.org

Bob Steen…A true pioneer in the banking industry!

 

Eastern Iowa banker receives Leach award

businessrecord.com

Congratulations Bob Steen!

Growing threat to lenders: Synthetic Identities

autonews.com

The automotive industry needs to ask themselves this question, do we have a responsibility to our customers to protect them from the threat of our vendors data breach?

The obvious answer is of course we do. Synthetic identities can be eliminated when we quit relying on a social security number as an identity tool. The industry needs to take a proactive approach to protect our customers from these breaches and prevent reputational harm to our brands. Tascet provides the most robust identification solution and enhances the customers experience. Instead of reputational harm, you gain a public relations platform that says your customers really matter.