Identity Theft 911 Offers New BreachWarning System
ORLANDO - (11/15/05) -- Identity Theft 911, which has beenmarketing its identity theft prevention and resolution system tocredit unions, unveiled a new system to allow credit union andother financial institutions to immediately notify customers whentheir database has been compromised. The new system, SBR911, wasintroduced Monday at the annual BAI Retail Delivery Conference. TheSBR911 programs will enable financial institutions to assess adatabase breach and manage a response, including regulatory andconsumer notifications, helping to minimize potential losses andliability. It will also help financial institutions to communicateproactively with their customers to defuse public concerns.Introduction of the new warning system comes as Congress isproposing to require all financial institutions to notify customersof data breaches.