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Armorpoint launches on-demand identity-theft solution.


San Diego-based Armorpoint Inc. announced the introduction of what it calls a unique Web-based resource center as well as proactive tools and services to provide transparent personal data protection for identity-fraud mitigation and risk management.

The company said its product line--which includes an On-Demand Identity Theft Management Platform, Blanket Protection Service and Identity Theft Security Suite[TM]--enables financial institutions and consumer-service organizations to offer customers value-added identity-theft protection for increased security, confidence and retention.

The on-demand platform is implemented as a private-label Web portal See portal. , which enables banks, credit unions, mortgage lenders, consumer services Consumer Services refers to the formulation, deformulation, technical consulting and testing of most consumer products, such as food, herbs, beverages, vitamins, pharmaceuticals, cosmetics, hair products, household cleaners, [paints, plastics, metals, waxes, coatings, minerals,  and other impacted organizations to offer an online educational and self-help resource center to customers while also achieving Fair and Accurate Credit Transactions Act Under the Fair and Accurate Credit Transactions Act of 2003 (FACT Act or FACTA, Pub.L. 108-159) which was passed by the United States Congress on December 4 2003 as an amendment to the Fair Credit Reporting Act, consumers can request and obtain a free credit report  (FACT Act) compliance.

An around-the-clock incidence-response and victim-assistance hotline is provided through the company's blanket-protection offering, as well as a full-service call center and resolution services. Armorpoint's advanced Identity Theft Security Suite rounds out the product line with premium protection, credit reports and robust software tools to transparently combat identity theft and fraud.

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 Gary Shields, chairman and chief executive officer of Armorpoint, the company employed software as a service (SaaS) and patent-pending technology to develop what he terms the industry's first on-demand identity-theft management platform and security suite.

"Armorpoint's comprehensive identity-theft security solutions provide access to all the data that consumers need, whenever they need it, to ensure complete ID theft protection, detection, correction and restoration," said Shields. "In doing so, we are closing a critical information gap while moving beyond traditional credit-monitoring and reporting systems to lower risks and increase consumer peace of mind."

Armorpoint's product offerings shield consumers from personal data risks in much the same way that anti-virus software anti-virus software nAntivirensoftware f  continuously protects computer data from viruses, hackers, spyware and spam E-mail that is not requested. Also known as "unsolicited commercial e-mail" (UCE), "unsolicited bulk e-mail" (UBE), "gray mail" and just plain "junk mail," the term is both a noun (the e-mail message) and a verb (to send it). .

For example, Armorpoint's online resource center offers subscriptions to e-alerts on industry threats and announcements, phishing Pronounced "fishing," it is a scam to steal valuable information such as credit card and social security numbers, user IDs and passwords. Also known as "brand spoofing," an official-looking e-mail is sent to potential victims pretending to be from their ISP, bank or retail establishment.  attacks and data breaches. Subscribers also can obtain identity-theft and credit education as well as access tools for identity-theft management and resolution assistance.

In addition, Armorpoint's Blanket Protection Service provides 24/7 victim assistance, one-on-one resolution service and $25,000 in identity-theft insurance. Delivering the highest levels of protection, the Identity Theft Security Suite is an upgraded offering that handles daily credit monitoring, credit reports, automated alerts, credit freeze A credit freeze, also known as a credit report freeze, a credit report lock down, a credit lock down, or a credit lock, allows an individual to control how a U.S.  and Web monitoring See Internet monitoring. , along with access to public records, the company said.
COPYRIGHT 2007 Mortgage Bankers Association of America
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007 Gale, Cengage Learning. All rights reserved.

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Title Annotation:TechNewz; Armorpoint On-Demand Identity Theft Management Platform; Armorpoint Blanket Protection Service; Armorpoint Identity Theft Security Suite
Publication:Mortgage Banking
Geographic Code:1USA
Date:Jan 1, 2007
Words:389
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