Chief Operating Officer Harkins will discuss evolution of identity fraud,key issues and solutions at the 2006 International Association of Financial Crimes Investigators Training Conference
BETHLEHEM, Pa., Aug. 16 LAWFUEL – Legal News Service — Today Edentify, Inc (OTC Bulletin Board: EDFY), a leading provider of identity management solutions, announced its Chief Operating Officer, and former MasterCard Worldwide executive, Thomas J. Harkins, will be a featured speaker at the 2006 International Association of Financial Crimes Investigators (IAFCI) Training Conference and Exhibitor Show, held Aug. 28 through Sept. 1 in Seattle. Harkins is scheduled to present on Wednesday, Aug. 30, from 2:50
p.m. to 3:50 p.m. PDT.
The IAFCI is a nonprofit international organization for financial
professionals involved in fraud prevention, detection, and apprehension.
The 2006 conference will provide educational and networking opportunities
to over 1,000 attendees, including members of the IAFCI and representatives from the financial services industry, retail security, investment banking, and all levels of law enforcement.
Harkins, who was a featured speaker at last year’s conference, will
present ‘ID Theft – Crime of the Century,’ a comprehensive and
informational look at identity fraud, its evolution into one of the most
pervasive financial crimes of the century, statistics and data on identity fraud in the banking community, the scope of solutions available for companies to combat this offense, and how the financial services industry can empower consumers with the tools necessary for detecting and preventing identity fraud. Harkins spent over two decades helping MasterCard’s high-profile corporate customers find and fight fraud, data theft, and other high security risks, and now leads Edentify’s business and product development efforts.
“Identity fraud is one of America’s fastest growing crimes, hitting
millions of victims in the past five years, and costing them billions of
dollars in damages,” says Harkins. “This is a tremendous opportunity to
educate IAFCI Conference attendees on the roots of the identity fraud
crisis, and bring greater visibility to some of the detection and
prevention technologies, such as Edentify’s solutions, available to help
them contain the crime. In this fight against identity fraud, it is
imperative that all organizations understand this critical issue, and the
ways companies like Edentify can help reduce the potentially devastating
effects that this crime can have on their institution and their customers.”
Edentify develops and deploys technology solutions utilized in
preventing identity theft and fraud. The forerunner of this technology was initially introduced in 1996, and is currently used to screen identities in the branches of large banks in the United States.
Edentify, Inc. is one of the leading organizations dedicated to
developing and deploying technology solutions utilized in preventing
identity theft and fraud. Edentify has intellectual property rights to two
solutions aimed at detecting and preventing identity fraud. The first is a patented information- based solution that analyzes identity information of individuals in large corporate and government databases and is capable of detecting and scoring incidents of identity manipulation and potential fraud (Identity Quotient Index(TM)). The second intellectual property is a unique biometric solution (technology-based solution) marketed through the company’s wholly owned subsidiary, InMotion Biometrics, Inc. (“IMB”), that
combines face and voice recognition technologies for authenticating the
identity of an individual.
Edentify markets each technology through channel partners in the
financial services, healthcare and government sectors. Future plans include
the development of an integrated product that combines our
information-based ID manipulation detection capability with IMB’s biometric
technology, thereby enabling more accurate enrollment and subsequently, a
more reliable identity protection system, although there is no guarantee
that such plans will be realized.
Forward-Looking Statement Disclaimer
This press release may contain forward-looking statements that are made
pursuant to the safe-harbor provisions of the Private Securities Litigation
Reform Act of 1995. Statements of future goals and similar statements
reflecting other than historical facts constitute forward-looking
statements. These forward-looking statements involve a number of risks and
uncertainties, which are described in Edentify’s filings with the
Securities and Exchange Commission. The actual results may differ
materially from any forward-looking statements due to such risks and
uncertainties. Edentify undertakes no obligation to revise or update any
forward-looking statements in order to reflect events or circumstances that
may arise after the date of this release.
Press Contact: Investor Relations Contact:
Mike Lizun Jens Dalsgaard
Gregory FCA Redwood Consultants, LLC
610-642-8253 ext. 113 415-884-0348
610-585-7594 (mobile) [email protected]