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| Online identity theft is becoming the number one major concern facing the future of the internet. Based on consumer convenience, online shopping and various other consumer applications have continued to grow worldwide exposing more confidential personal information than ever in history. |
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| Identity theft occurs when internet hackers access pass-codes and breach security of online confidential information, such as social security numbers, drive license information, credit reports, credit card information, online bank accounts, medical records and more. |
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| In 2005 alone, Bank of America, the State of California DMV, Choice Point, Card Systems, LexisNexis, Time Warner, and Citigroup were all victims of Identity theft exposing confidential information of nearly 40 million U.S. consumers resulting in millions of dollars in financial losses. |
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The majority of security breaches are conducted by gaining access through a portal connection to an internet server, stealing pass-codes that can then be anonymously transferred or illegally sold to anyone. Once stolen, pass-codes to illegal and undetected access of confidential consumer information can be conducted on credit cards to online bank accounts, which have no positive identification of the actual user and rely exclusively on pass-code protected security. Banks and credit card company′s only become alerted after financial losses have been sustained and identity theft has already taken place. Thus making anonymous pass-codes an extremely vulnerable form of internet security in protecting confidential information, creating a need for proper identity theft protection. |
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IBSS biometric technology is virtually non transferable beyond the actual user. In the event of data theft, the biometric information is virtually worthless to an unauthorized user in accessing confidential information. Further, anti-theft photographic identification technology exposes anti-theft activity raising the risk factor in any attempt to breach confidential information in an criminal act of identity theft. Identity theft prevention can be achieved with conventional devices through our biometric technology solution |
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