Thirty-Three Percent of Data Breach Victims Become Victims of Fraud — SmartMetric Uses Biometrics Inside the Credit Card to Protect Against Fraud

Recent reports estimate that between 700 and 800 million personal records were exposed in 2013, and most of those in the U.S. Other reports have suggested that up to 80% of these records included Social Security Numbers. This figure for 2014 will be substantially higher given the Target, Home Depot, etc., data breaches this year.

In 2013, one in three consumers who received notification of a data breach became a victim of fraud. There are more than a million new victims of identity theft every month in the United States. In a report from the National Consumers League it found in 2013 nearly one in three data breaches resulted in fraud; that’s up from one in nine in 2010.

It is clear that increased data breaches lead to increased losses due to identity theft for consumers.

SmartMetric through the use of Biometrics, provides a greater defence against identity theft. By using a person’s fingerprint in order to activate a credit or debit card it becomes majorly more difficult for data thieves who have stolen credit card numbers to make use of them for fraud. While the data thieves can steal your credit card number online they can’t steal your biometric information online. With the SmartMetric in card fingerprint reader your fingerprint never leaves your card and becomes the ultimate key in protecting the consumer and financial institution alike, said today the President & CEO of SmartMetric, Chaya Hendrick.

Safe Harbor Statement – Certain of the above statements contained in this press release are forward-looking statements that involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those indicated in the forward-looking statements as a result of various factors.

Source: money.cnn.com

About kennethcarnesi

Kenneth Carnesi holds a Juris Doctor degree from New York Law School and a Professional Certificate in International Banking from Harvard Law School. Kenneth Carnesi is the Director of Operations and Government Sales at Anaptyx LLC and sits on the Boards of The Lazarus Organization, Monkeetech LLC and MG Madison Phillips, Inc. Mr. Carnesi has also founded CICG - Carnesi International Consulting Group, a company specializing in strategy consulting to small to mid-size businesses.