SmartMetric Warns of an Explosion in Identity Theft and Account Takeover as a Result of the Recent Gigantic JP Morgan, Home Depot and Target Data Breaches -- Report Shows That 1 in 3 People Who Received Data Breach Notices Became a Victim of Identity Frau
(firmenpresse) - NEW YORK, NY -- (Marketwired) -- 10/06/14 -- SmartMetric, Inc. (OTCQB: SMME) The cost to the economy, and consumers in particular, of the recent explosion in data breaches at some of the biggest consumer enterprises in the United States goes way beyond the direct fraud losses that flow from the fraudulent use of credit card information to make in person and online purchases. According to a 2014 published report by Javelin Strategy & Research, 1 in 3 people who received data breach notifications in 2013 became a victim of fraud. Worse, the report reveals that breaches of debit card information shows 46% of consumers are likely to become an identity theft victim.
It is reported that, in the United States, 2013 identity theft cost over $13 Billion.
SmartMetric has developed a safer payments card that uses a person's biometrics (fingerprint) to turn on the card before it can be used. Tying the card to the card owner by the use of biometrics will aid in combating the current tidal wave of credit card fraud, said the President and CEO of SmartMetric, Chaya Hendrick. Having a credit card that has a miniature fingerprint reader inside that in turn scans a person's fingerprint and matches it with the card owner's fingerprint stored inside the card to turn on the card, is a monumental increase in payment card defences. It also provides the use of a biometric credential, in this case the person's fingerprint, that never travels across networks or leaves the consumer's card, said SmartMetric's President.
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.
EraStar, Inc.
Office (702) 480-9800
Chaya Hendrick
Office: 702-990-3687
Direct: 786.269.2238
Email:
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 06.10.2014 - 15:20 Uhr
Sprache: Deutsch
News-ID 341370
Anzahl Zeichen: 0
contact information:
Town:
NEW YORK, NY
Kategorie:
Internet
Diese Pressemitteilung wurde bisher 230 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"SmartMetric Warns of an Explosion in Identity Theft and Account Takeover as a Result of the Recent Gigantic JP Morgan, Home Depot and Target Data Breaches -- Report Shows That 1 in 3 People Who Received Data Breach Notices Became a Victim of Identity Frau"
steht unter der journalistisch-redaktionellen Verantwortung von
SmartMetric, Inc. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
