IDENTITY GUARD(R) Customers Offered Real Protection for Financial Losses
CHANTILLY, Va., April 13 /PRNewswire-FirstCall/ -- Intersections Inc.
(Nasdaq: INTX), a leading global provider of consumer and corporate identity
risk management services, today announced it now offers as part of its
products a new unique $1 million identity theft insurance coverage(1) that
provides true protection for victims of identity theft in its consumer
protection products. This coverage will complement Intersections' most
comprehensive solution, IDENTITY GUARD(R) Total Protection, and will be made
available to the millions of consumers using Intersections' services through
private label relationships with financial institutions.
"The current economic climate, coupled with the increasing sophistication
of cyber criminals and online threats, provides a 'perfect storm' for identity
theft to continue rising," said Michael Stanfield, CEO of Intersections Inc.
"Consumers need to be confident that they have real protection if the
unthinkable happens and they become victims of identity theft. Customers of
our IDENTITY GUARD(R) service already have the best protection available and
now they can have additional peace of mind that our million dollar identity
theft insurance will take care of them in the unlikely event that identity
theft happens."
Specifically, the insurance carrier will reimburse victims of identity
theft for the difference between a victim's actual loss and the amount
reimbursed to them by their financial institution, up to $1 million. Among
the major stipulations, victims must report any loss to Intersections within
90 days, and allow Intersections and the insurance carrier to help them
recover such losses.
"Unfortunately, there are a lot of confusing marketing messages in the
marketplace that lead consumers to believe they have more protection than they
actually do if their identities are stolen or compromised. Many products
marketed with 'guarantees' do not reimburse you for lost money associated with
identity theft," said Stanfield. "Intersections, with its new $1 million
identity theft insurance coverage, offers consumers financial reimbursement
for direct losses associated with identity theft."
With IDENTITY GUARD(R) Total Protection, members can manage, monitor, and
protect personal information including credit and personal data. The service
also provides sophisticated software that protects them against keylogging
attacks, secures their passwords and user ids as they navigate online, and
protects their computers from advanced malware software. The product also
provides identity theft recovery services and financial reimbursement
insurance in the unlikely event of an identity theft. Find out more at
www.identityguard.com.
About Intersections (www.intersections.com)
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 has protected over 20 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 online brand monitoring and enforcement solutions, provided
by Net Enforcers Inc., which investigates, monitors and reports on the
violation and misuse of proprietary information and products.
-- 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.
(1) Insurance underwritten by National Union Fire Insurance Company of
Pittsburgh, PA. The description herein is a summary only. It does not
include all terms, conditions and exclusions of the policies described.
Please refer to the actual policies for complete details of coverage and
exclusions. Coverage may not be available in tall and is subject to actual
policy language.
SOURCE Intersections Inc.
-0- 04/13/2009
/CONTACT: Joyce Carcaise of Intersections Inc., +1-703-488-6100,
jcarcaise@intersections.com; or Michelle Schafer of Merritt Group,
+1-703-390-1525, schafer@merrittgrp.com /
/Web Site: http://www.intersections.com /
(INTX)
CO: Intersections Inc.
ST: Virginia
IN: HTS CPR INS
SU: PDT
PR
-- PH97859 --
1659 04/13/2009 13:15 EDT http://www.prnewswire.com