Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Endpoint

4/12/2011
03:10 PM
Dark Reading
Dark Reading
Products and Releases
50%
50%

CSIdentity Corporation Acquires IdentityTruth

IdentityTruth's proprietary system constantly receives and analyzes data from multiple sources to build a complete identity profile for an individual

Insider Threat NF (9) CSIdentity Corporation: CSIdentity Corporation Acquires IdentityTruth Inbox X Reply | Kelly Jackson Higgins to me, Timothy show details 10:30 AM (4 hours ago)

Kelly Jackson Higgins

Senior Editor

Dark Reading

(434) 960-9899

[email protected]

http://www.darkreading.com

Follow Dark Reading on Twitter: http://twitter.com/DarkReading

Become a Fan of Dark Reading on Facebook: http://www.facebook.com

Follow me on Twitter: http://twitter.com/kjhiggins

AUSTIN, Texas, April 12, 2011 /PRNewswire/ -- CSIdentity Corporation, the industry's leading provider of wholesale identity theft protection and fraud detection solutions, has successfully completed its acquisition of IdentityTruth, Inc., a privately-held company based in Waltham, Massachusetts. The acquisition complements CSIdentity's industry leading product and service offerings by adding the IdentityTruth' proprietary technology and analytics to its product set.

"Our clients and business partners have to constantly stay ahead of the evolving challenges posed by identity theft and fraud," said Joe C. Ross, president of CSIdentity. "IdentityTruth's powerful identity theft scoring and prediction technology bolsters our market-leading product portfolio and keeps us at pace with the growing demand for new and innovative identity theft protection solutions."

Transaction Details

CSIdentity funded the acquisition of IdentityTruth' with cash from existing profits and funds from Investcorp Technology Partners, its anchor investor. "IdentityTruth represents a logical extension of CSIdentity's product portfolio and will make a significant contribution to the high growth trajectory CSIdentity is operating on," said Alex Guira, co-head of Investcorp Technology Partners.

CSIdentity now employs more than 80 employees in Austin, Texas, San Diego, California and Waltham, Massachusetts and has a growing technology and patent portfolio unmatched by other identity theft solution providers.

Boston Meridian served as the financial advisor to IdentityTruth'.

Growing Demand

According to 2010 studies, over 11 million Americans, including many children, have had their identities stolen. Studies have shown that 88 percent of global organizations have had a data breach, with one to three breaches occurring daily. U.S. related losses due to identity theft and fraud are estimated to be over $54 billion.

The acquisition of IdentityTruth' responds to growing demand and propels CSIdentity into a clear market leadership position in the wholesale identity theft protection and fraud detection industry.

Enhanced Product Portfolio

The company's comprehensive suite of identity theft solutions targets all aspects of identity theft and fraud through products including:

* Identity Monitoring – credit and non-credit reports, scores and alerts * Breach – security breach services ranging from discovery to resolution * Restoration – full service identity theft restoration services including limited power of attorney * Platform Solutions – end to end private labeled identity theft protection platform solutions * VoiceVerified', a patented voice biometric identity verification system

IdentityTruth's' Identity HealthScore adds to this suite of valuable solutions by providing a dynamic method of gauging individual risk for identity theft or fraud. IdentityTruth's' proprietary system constantly receives and analyzes data from multiple sources to build a complete identity profile for an individual. Sophisticated fraud detection algorithms then evaluate a person's risk for fraud schemes and report suspicious activity such as an unrecognized address or a newly issued phone number.

All of the company's solutions are sold on a wholesale basis through CSIdentity's proprietary platforms to other businesses in the identity theft space and other key vertical markets.

About CSIdentity Corporation

CSIdentity is the technology leader in delivering, on a wholesale basis, Identity Theft Protection, Fraud Detection, Voice Biometrics, ID Verification, and Data Breach Management and Restoration Services. The company offers a comprehensive suite of business and personal security solutions targeting all aspects of identity theft. Products include full-service identity theft protection and fraud detection services, identity monitoring and alerts, voice biometrics, comprehensive background screenings, and pro-active breach management services from pre-planning, discovery and restoration.

www.csidentity.com

CONTACT: Jeff Hahn, +1-512-344-2017, [email protected], for CSIdentity

Comment  | 
Print  | 
More Insights
Comments
Oldest First  |  Newest First  |  Threaded View
Commentary
Ransomware Is Not the Problem
Adam Shostack, Consultant, Entrepreneur, Technologist, Game Designer,  6/9/2021
Edge-DRsplash-11-edge-ask-the-experts
How Can I Test the Security of My Home-Office Employees' Routers?
John Bock, Senior Research Scientist,  6/7/2021
News
New Ransomware Group Claiming Connection to REvil Gang Surfaces
Jai Vijayan, Contributing Writer,  6/10/2021
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Current Issue
The State of Cybersecurity Incident Response
In this report learn how enterprises are building their incident response teams and processes, how they research potential compromises, how they respond to new breaches, and what tools and processes they use to remediate problems and improve their cyber defenses for the future.
Flash Poll
How Enterprises are Developing Secure Applications
How Enterprises are Developing Secure Applications
Recent breaches of third-party apps are driving many organizations to think harder about the security of their off-the-shelf software as they continue to move left in secure software development practices.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2021-20027
PUBLISHED: 2021-06-14
A buffer overflow vulnerability in SonicOS allows a remote attacker to cause a Denial of Service (DoS) by sending a specially crafted request. This vulnerability affects SonicOS Gen5, Gen6, Gen7 platforms, and SonicOSv virtual firewalls.
CVE-2021-32684
PUBLISHED: 2021-06-14
magento-scripts contains scripts and configuration used by Create Magento App, a zero-configuration tool-chain which allows one to deploy Magento 2. In versions 1.5.1 and 1.5.2, after changing the function from synchronous to asynchronous there wasn't implemented handler in the start, stop, exec, an...
CVE-2021-34693
PUBLISHED: 2021-06-14
net/can/bcm.c in the Linux kernel through 5.12.10 allows local users to obtain sensitive information from kernel stack memory because parts of a data structure are uninitialized.
CVE-2021-27887
PUBLISHED: 2021-06-14
Cross-site Scripting (XSS) vulnerability in the main dashboard of Ellipse APM versions allows an authenticated user or integrated application to inject malicious data into the application that can then be executed in a victim’s browser. This issue affects: Hitachi ABB Power Grids ...
CVE-2021-27196
PUBLISHED: 2021-06-14
Improper Input Validation vulnerability in Hitachi ABB Power Grids Relion 670 Series, Relion 670/650 Series, Relion 670/650/SAM600-IO, Relion 650, REB500, RTU500 Series, FOX615 (TEGO1), MSM, GMS600, PWC600 allows an attacker with access to the IEC 61850 network with knowledge of how to reproduce the...