ID VAULT's hardened Internet security technology protects consumers when
they bank, shop and invest online.
CHANTILLY, Va. and SAN MATEO, Calif., Sept. 10 /PRNewswire-FirstCall/ --
Intersections Inc. (Nasdaq: INTX), a leading global provider of consumer and
corporate identity risk management services, has entered into a strategic
commercial agreement with Guard ID Systems, Inc. Guard ID Systems is the
developer of ID VAULT(R), an Internet security solution that protects
consumers against online identity theft and fraud. In addition, Intersections
has participated as a minority investor in a Series B-1 round of equity
funding in Guard ID Systems.
The strategic commercial agreement allows Intersections to include ID
Vault products and services as part of its Identity Guard(R) Total Protection
flagship product.
ID VAULT is an Internet security service designed specifically to prevent
online identity theft and fraud. The ID Vault service monitors a "white list"
of more than 8,000 financial and shopping sites, and verifies the IP addresses
and sign-in protocols of these sites in order to protect consumers from
signing in to fraudulent imposter sites designed to steal online identities.
The tamper-proof ID Vault smart card-based USB device provides secure,
portable storage of usernames and passwords. ID Vault automatically signs
consumers into their online accounts without typing, so they're protected
against keystroke loggers and other spyware.
"Our partnership with Guard ID Systems will enable us to provide consumers
with leading edge technology that will revolutionize the way they transact
online," said Michael Stanfield, chief executive officer for Intersections.
"The ID Vault service complements our existing suite of identity theft
services, and will be featured with our flagship product, Identity Guard Total
Protection. In addition to protecting their personal data, credit data and
computers, with ID Vault, consumers will also be protected against online
identity theft and fraud when transacting online."
"People are banking and shopping online in record numbers," according to
David Watkins, chief executive officer of Guard ID Systems, Inc. "This trend
has spawned a new breed of cyber criminals who use increasingly sophisticated
techniques aimed at compromising online identities in order to commit
financial fraud. Our partnership with Intersections will allow us to broaden
the distribution of ID Vault to reach millions of consumers looking for a
complete identity theft protection solution that protects identities online,
as well as offline."
About Intersections Inc.
Intersections, Inc. (Nasdaq: INTX) is a leading global provider of
consumer and corporate identity risk management services. Its premier identity
theft, privacy, and consumer solutions are designed to provide high value,
revenue generating opportunities to its marketing partners, including leading
financial institutions, Fortune 100 corporations and other businesses.
Intersections also markets full identity theft protection solutions under its
brand, Identity Guard(R), www.identityguard.com. Intersections' consumer
identity theft protection services actively safeguard more than 8 million
consumers against identity theft.
To address the growing threat of corporate fraud, Intersections and its
subsidiaries provide cutting edge identity risk management solutions
including:
-- Pre-employment background screening, provided domestically through
American Background Information Services, Inc., and internationally through
Control Risks Screening Limited (London, United Kingdom) and Control Risks
Screening PE (Singapore).
-- Corporate brand protection, provided by Net Enforcers, Inc.
-- Security breach remediation, provided by Intersections to enable
companies to respond to security incidents and mitigate potential damage to
their employees, customers, and corporate brands.
-- Software and data management, provided by Captira Analytical, LLC to
assist the bail bond industry in managing workflow and data requirements.
Learn more at www.intersections.com
About Guard ID Systems, Inc.
Guard ID Systems, Inc., headquartered in San Mateo, CA, develops and
markets ID VAULT, the first Internet security solution that combines hardware
with software services to protect consumers against online identity theft and
fraud when they bank, shop and invest online. ID VAULT is available at top
retailers including Amazon.com, Best Buy, Buy.com, Fry's Electronics, Office
Max, QVC, TigerDirect, and more. Visit www.IDVault.com for more information.
Note: ID VAULT is a registered trademark of Guard ID Systems, Inc.
SOURCE Intersections Inc.
09/10/2008
CONTACT:
Joyce Carcaise, 1-703-488-6141, for Intersections;
Lori Evans,
Evans Public Relations, 1-650-312 8344, for Guard ID Systems
Web Site: http://www.intersections.com
(INTX INTX)