Edentify’s Tom Harkins to Confront “ID Theft – Crime of the Century” at International Financial Crimes Conference
Posted by Terrence DeFranco on Wed, Aug 16, 2006
Today Edentify, Inc., (OTC BB: EDFY) a leading provider of identity management solutions, announced that 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 August 28 through September 1 in Seattle, Washington. Harkins is scheduled to present on Wednesday, August 30, from 2:50 pm to 3:50 pm.
The IAFCI is a non-profit 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 U.S.
ABOUT EDENTIFY
Edentify, Inc. (http://www.edentify.us) 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™). 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 sells its solutions directly, and 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.
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:
Mike Lizun
Gregory FCA
610) 642-8253
Email: Mike@GregoryFCA.com
Corporate Contact:
Terrence DeFranco
Edentify, Inc.
610) 814-6830
Email: TmDefranco@Edentify.us