| Anderson & Associates Identity Theft Education Center |
Anderson & Associates
Identity Theft Mitigation Plan for employers
“One solution that provides an affirmative defense against potential fines, fees, and
lawsuits is to offer some sort of identity theft protection as an employee benefit.
An employer can choose whether or not to pay for this benefit. The key is to make the
protection available, and have a employee meeting on identity theft and the protection
you are making available, similar to what most employers do for health insurance …
Greg Roderick, CEO of Frontier Management, says that his employees "feel like the
company's valuing them more, and it's very personal."
Business and Legal Reports January 19, 2006
How does this work?
The Federal Trade Commission says that the average victim spends anywhere from 60 to
600 hours recovering from an identity theft. This amount of time is usually done during
company time and company expense. There are a series of new laws that place absolute
liability on businesses for the data it collects, maintains and processes on its clients and
customers. Under these laws if an employee is a victim of identity theft that was caused
within the workplace then the employer could find themselves paying the employee up to
600 hours worth of paid vacation. If an employer has documented evidence that it made
identity theft protection available to the employee it lowers the employer’s liability in
two ways. First if the employee enrolled in a comprehensive program they would only
need to file a police report and sign a limited power of attorney and the program would
restore their identity for them. This would mean the identity theft restoration wouldn’t be
done on company time or company expense. The second way this lowers the company’s
exposure is if a breach occurs and the same employee is victimized yet hasn’t signed up
for the protection, then the company has documented evidence it provided the employee
with protection and the employee declined. Both methods tremendously lower the
company’s exposure to potential lawsuits. This is the most cost effective means of putting
a mitigation plan in place because when the company offers the benefit voluntarily it
doesn't cost the company anything.
What does an employer need to look at when determining what type of identity theft
protection to provide to the employee?
The first thing and employer should understand is that identity theft is about more than
just finances. According to the Federal Trade Commission, nearly 10 million people fall
victim to identity theft annually, costing consumers $5 billion in out-of-pocket losses and
businesses $48 billion. For these individuals, the problems range from loss of credit to
problems with medical history records and even potential wrongful exposure to criminal
prosecution.
In order for the offering of a benefit to lower the exposure for an employer the program
should protect employees in all areas of identity theft before, during and after the incident
occurs. In order for this the program must provide layered protection including
monitoring, full restoration, and nationwide access to counsel. Monitoring is the best
method of early detection in identity theft cases. Once a person realizes that they have
been victimized they are going to need full restoration. The restoration of someone’s
identity is usually a very time consuming arduous process and most people don’t know
where to begin. The final component in identity theft protection is access to nationwide
counsel. Nationwide counsel is imperative because most forms of identity theft absolutely
require an attorney to help resolve. Since identity theft is a technological crime it
typically crosses state lines and without being able to predict which states the victim will
need assistance it is imperative to provide nationwide access to counsel.
Which program do we endorse and provide?
We at Anderson & Associates have carefully reviewed the products in the market and
have chosen to provide the identity theft shield serviced by Prepaid Legal Services and
Kroll Background America. These companies are both thirty five year old publicly traded
companies and are leaders in their prospective industries. Their program has recently
been endorsed by:
• The president of the US Chamber of Commerce
• The president of the National Black Chamber of Commerce
• The former president of the American Bar Association
• The former president of the National Association of Attorneys General
• Numerous other Attorneys General
To see a documentary with the above listed individuals speaking about this
employee benefit and hear testimonials of companies that have began to offer it
to their employees. Click Here
What we do and how?
Anderson & Associates is a full service Identity Theft Risk Management and Privacy
Firm. We provide a comprehensive list of identity theft risk management and privacy
services. For all our clients who offer our employee benefit we will provide an extensive
employee training on identity theft in the workplace, will update the confidentiality
agreements, and provide documented evidence of the offering of the benefit to your
employees. This is a way for Anderson & Associates to provide your company with a
mitigation plan at essentially no direct cost to your company.
For more information on this program contact K.J. Anderson III at 404-474-2273 or
KJ3rd@KJ3rd.com.
Identity Theft Mitigation Plan for employers
“One solution that provides an affirmative defense against potential fines, fees, and
lawsuits is to offer some sort of identity theft protection as an employee benefit.
An employer can choose whether or not to pay for this benefit. The key is to make the
protection available, and have a employee meeting on identity theft and the protection
you are making available, similar to what most employers do for health insurance …
Greg Roderick, CEO of Frontier Management, says that his employees "feel like the
company's valuing them more, and it's very personal."
Business and Legal Reports January 19, 2006
How does this work?
The Federal Trade Commission says that the average victim spends anywhere from 60 to
600 hours recovering from an identity theft. This amount of time is usually done during
company time and company expense. There are a series of new laws that place absolute
liability on businesses for the data it collects, maintains and processes on its clients and
customers. Under these laws if an employee is a victim of identity theft that was caused
within the workplace then the employer could find themselves paying the employee up to
600 hours worth of paid vacation. If an employer has documented evidence that it made
identity theft protection available to the employee it lowers the employer’s liability in
two ways. First if the employee enrolled in a comprehensive program they would only
need to file a police report and sign a limited power of attorney and the program would
restore their identity for them. This would mean the identity theft restoration wouldn’t be
done on company time or company expense. The second way this lowers the company’s
exposure is if a breach occurs and the same employee is victimized yet hasn’t signed up
for the protection, then the company has documented evidence it provided the employee
with protection and the employee declined. Both methods tremendously lower the
company’s exposure to potential lawsuits. This is the most cost effective means of putting
a mitigation plan in place because when the company offers the benefit voluntarily it
doesn't cost the company anything.
What does an employer need to look at when determining what type of identity theft
protection to provide to the employee?
The first thing and employer should understand is that identity theft is about more than
just finances. According to the Federal Trade Commission, nearly 10 million people fall
victim to identity theft annually, costing consumers $5 billion in out-of-pocket losses and
businesses $48 billion. For these individuals, the problems range from loss of credit to
problems with medical history records and even potential wrongful exposure to criminal
prosecution.
In order for the offering of a benefit to lower the exposure for an employer the program
should protect employees in all areas of identity theft before, during and after the incident
occurs. In order for this the program must provide layered protection including
monitoring, full restoration, and nationwide access to counsel. Monitoring is the best
method of early detection in identity theft cases. Once a person realizes that they have
been victimized they are going to need full restoration. The restoration of someone’s
identity is usually a very time consuming arduous process and most people don’t know
where to begin. The final component in identity theft protection is access to nationwide
counsel. Nationwide counsel is imperative because most forms of identity theft absolutely
require an attorney to help resolve. Since identity theft is a technological crime it
typically crosses state lines and without being able to predict which states the victim will
need assistance it is imperative to provide nationwide access to counsel.
Which program do we endorse and provide?
We at Anderson & Associates have carefully reviewed the products in the market and
have chosen to provide the identity theft shield serviced by Prepaid Legal Services and
Kroll Background America. These companies are both thirty five year old publicly traded
companies and are leaders in their prospective industries. Their program has recently
been endorsed by:
• The president of the US Chamber of Commerce
• The president of the National Black Chamber of Commerce
• The former president of the American Bar Association
• The former president of the National Association of Attorneys General
• Numerous other Attorneys General
To see a documentary with the above listed individuals speaking about this
employee benefit and hear testimonials of companies that have began to offer it
to their employees. Click Here
What we do and how?
Anderson & Associates is a full service Identity Theft Risk Management and Privacy
Firm. We provide a comprehensive list of identity theft risk management and privacy
services. For all our clients who offer our employee benefit we will provide an extensive
employee training on identity theft in the workplace, will update the confidentiality
agreements, and provide documented evidence of the offering of the benefit to your
employees. This is a way for Anderson & Associates to provide your company with a
mitigation plan at essentially no direct cost to your company.
For more information on this program contact K.J. Anderson III at 404-474-2273 or
KJ3rd@KJ3rd.com.
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