April 14, 2005

Complexities, Impact of Identity Theft Examined During IAPP Audio Conference Series

Legislative, Corporate, and Human Impact of ID Theft Discussed During Timely Sessions

YORK, Maine — April 14, 2005 — Each day it seems another company and tens of thousands of consumers are victimized by identity theft.  ChoicePoint, Bank of America, LexisNexis, DSW Shoes, HSBC Holdings, T-Mobile, PayMaxx, and the University of California are now synonymous with the fastest growing crime of the digital age.

At last count, the Federal Trade Commission estimated ID theft costs U.S. businesses $48 billion a year, and individuals whose personally identifiable information is used to fraudulently obtain credit will spend hundreds of hours and thousands of their own dollars to clear their names.

But whether accomplished through sophisticated social engineering or through simple deceit, the threat is complex, the responses varied, and the solutions difficult.  Congress, the states, and private industry all grapple with ways to stanch the ID theft pandemic while advocates and consumers decry the loss of privacy.  And many companies are finding their brands threatened by new liabilities and exposure that were never contemplated as systems and business models were designed.

"The impact of identity theft reverberates loudly across all industries, and the cost is high when considered in terms of dollar loss and loss of brand reputation," said Trevor Hughes, executive director of the IAPP.  "The information conveyed in this audio conference series will be of great value to any who are responsible for protecting customers' sensitive personal information."

To help businesses better understand identity theft, the International Association of Privacy Professionals (IAPP), the world's foremost association for individuals in the profession of privacy, has organized an audio conference series that explores the legal, business, and human aspects of ID theft.  Learn about the latest legislative developments, hear from industry experts on the connection between consumer expectations and your brand, and gain front-line knowledge that will allow you to prepare yourself and your organization to respond to the threat of ID theft.

  • May 18, 2005 — 1-2:30 pm ET

          Identity Theft: the Legislative Response

  • May 25, 2005 — 1-2:30 pm ET

          Identify Theft: Protecting your Brand, Customers, and Assets

  • June 1, 2005 — 1- 2:30 pm ET

            Identity Theft: the Human Factor

About the IAPP

The International Association of Privacy Professionals is the world's leading association of privacy and security professionals.  The IAPP helps define and support the profession of privacy by being a forum for interaction, education, and discussion across industries.