Eliminate Risk Factors and Secure Your Data

March 02, 2011  |   BSI Product Overview   |     |   0 Comment

How do you know if you need to take steps to secure access to your information? The Federal government suggests that you implement a Multi-Factor Authentication (HAK) program like the one available with BioSig-ID™What are risk factors you should be aware of?

  • > 1 employee
  • You have something valuable on your computer
  • Your computers running slow or erratic
  • You have competitors
  • Your business is moving too fast to keep up maintaining your computers
  • You have secrets that you don’t want others to know
  • You have employees personal health care information anywhere in your company
  • You have multiple company locations or offices or virtual employees
  • Someone purchases goods and services from you online

What is HAK - Multi-Factor Authentication

What is HAK? - Multi-Factor Authentication

Cost of Identity Theft

According to a recent report by Javelin Strategy & Research, the average out-of-pocket expense for victims has increased 63% from $387 per incident in 2009 to $631 in 2010.

The Javelin report also found that “friendly fraud” grew 7%, that’s theft by someone known to the victim and the study shows that the average age of victims is between 25 to 34 years old.

Other Identity Theft Statistics

  • 38-48% of victims find out about the identity theft within 3 months of it starting
  • It can take 4 years or longer for 9-18% of victims to discover they are victims
  • Identity theft victims spend from 3 to 5,840 hours repairing damage depending on the severity of the crime – i.e. a lost credit card versus the use of your social security number
  • The Aberdeen Group has estimated that $221 billion a year is lost by businesses worldwide due to identity theft and that
  • 40% of business costs for individual cases of identity theft exceed $15,000
  • 43% of victims believe they know the person who stole their identity

Information At Risk: Classified, Private, Personal, Healthcare

Organizations that are driving the market to use Multi-Factor Authentification (HAK) Standards:
  • DEA, DHS
  • Education Act
  • FFIEC
  • HIPAA
  • SOX
  • GLBA
  • Specter-Leahy Data Privacy & Security Act 2007
  • Online Child Protection Act
  • 44 State Privacy Laws
  • Age/verification/ for Social networks regulations
  • Payment Card Industry (PCI)
  • 21 CFR Part 1
  • Bill 198 Canada
  • ISO 7099 Best IT practices








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