Applications

Identity Theft

 

Elimination of Identity Theft

The crime of identity theft is a global problem, affecting its victims both financially and emotionally. Fingerprints are unique and cannot be given to someone else for their use, but personal data such as Social Security, bank account, and credit card numbers can fall into the wrong hands, where they can be used to profit at your expense.

  • 9.3 million consumers were victims of ID Theft in 2004. In all, one in every 23 consumers were victims last year – Federal Trade Commission
  • Every 79 seconds, a thief steals someone's identity, opens accounts in the victim's name and goes on a buying spree." - CBSnews.com
  • Identity theft cost Americans $52.6 billion in 2004. ... and on average cost a consumer $15,607" – IT Facts

The technology required to eliminate identity theft is a reality and requires simple innovative approaches that work with and within the existing card form-factor while protecting your identity and maintaining privacy.

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