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FRAUDFacts Data Breach Response Services 
Significant savings and greater benefits to your company and your affected customers
Our experts train the experts - we can help you and your customers!
Contact Us for more information
If your company has suffered an information breach, you need to offer assistance to your valued customers to help them effectively manage their risks - as well as an affordable means of better managing your own.
By providing your clients and customers with access to proven, expert knowledge and resources, they can more effectively protect themselves now and in the future - long after an expensive and ineffective service offering has expired and at an enormous savings to your organization!
"GIVE a man a fish, and you feed him for a day...
TEACH a man to fish, and you feed him for a lifetime."
If it was YOUR confidential information that was suddenly lost or stolen, wouldn't YOU want to know how to best protect yourself?
63% of survey respondents said notification letters they received offered no direction on the steps the consumer should take to protect their personal information. As a result, 31% said they terminated their relationship with the organization and 57% percent said they lost trust and confidence in the organization. - Ponemon Institute Data Breach Response Study
Think Credit Monitoring is the Answer? Think Again!
Many companies and organizations that suffer a breach of confidential customer information often resort to providing expensive and limited value credit monitoring services to their affected customers. Why? Because massive marketing campaigns have taken advantage of the public's lack of understanding and wrongly attempted to position these ineffective services as a "cure" for Identity Theft.
If your organization has suffered a data breach and is considering a program or service to offer your valued customers impacted by the breach, you should first carefully consider the following:
The crime is "Identity Theft", not "Credit Theft" - Why would you only help them monitor their credit? Data security laws that allow for lawsuits against your company by affected consumers do not limit your liability for victimization only to credit matters. Thieves and scam artists can misuse your customers' confidential information and cause them significant harm in many ways that may never show on a credit report.
Increased victim losses = increased liability for your company. Most credit monitoring services only notify a customer after they have already been victimized. Then what? Resolution and clean-up is most often still the responsibility of the victim, without assistance or the expert information needed to help themselves. The less the service can do to help them protect themselves, the greater your company's risk exposure and liability for their losses.
Credit monitoring and similar services provide a false sense of security. These services monitor information related only to credit accounts, and even then only those that are actually reported to the credit bureau(s) monitored. Your affected customers unknowingly remain vulnerable in many other areas.
When your company has a data breach, thieves know what service your company offers, and for how long. It's no secret - They simply wait until the offer period expires and your affected customers let down their guard - and then they strike! Without effective knowledge and risk management education, your valued customers are left struggling without resources to protect themselves. Knowledge never expires!
Your customers' information may be used and later re-sold to other thieves. Thieves do not simply use the information and then throw it away. There are underground black markets and Internet websites in which this information is purchased and sold every day. This means that your customers may be victimized now - or at any time in the future!
Credit monitoring and similar fee-based services are ineffective and expensive. The cost to provide these services can be $10 to $20 or more, per customer, per month! This can easily add up to hundreds of thousands, even millions of dollars, in expenses to your organization. FRAUDFacts provides superior service to your company and value to your customers at a fraction of the cost.
Make the smarter choice!
It's your customers' well-being at stake, and your business' reputation and liability on the line. Contact FRAUDFacts today to learn how we can assist your organization and your customers more effectively and affordably mitigate the damage of a data breach incident.
©Copyright 2008 by FRAUDFacts, Inc. All rights reserved. Unauthorized use, copying, or distribution without permission is prohibited.
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