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IDentity Theft LOSS Prevention, LLC ׀ Lansing, Michigan ׀ 888-LOST MY ID ׀ www.idtlp.com © 2011 Identity Theft Loss Prevention, LLC. All Rights Reserved.

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Presentation on theme: "IDentity Theft LOSS Prevention, LLC ׀ Lansing, Michigan ׀ 888-LOST MY ID ׀ www.idtlp.com © 2011 Identity Theft Loss Prevention, LLC. All Rights Reserved."— Presentation transcript:

1 IDentity Theft LOSS Prevention, LLC ׀ Lansing, Michigan ׀ 888-LOST MY ID ׀ © 2011 Identity Theft Loss Prevention, LLC. All Rights Reserved. The Information Ecosystem: Financial Aid Fraud Presented by: Tom Glanville, CITRMS Founder & CEO Identity Theft Loss Prevention, LLC Audio: (712) Code: #

2 IDentity Theft LOSS Prevention, LLC ׀ Lansing, Michigan ׀ 888-LOST MY ID ׀ © 2011 Identity Theft Loss Prevention, LLC. All Rights Reserved. Community College and Higher Education Associations: 22 Illinois CC’s 11 Florida CC’s 12 Maryland CC’s 9 Iowa CC’s 2 MI CC’s *3 OH CC’s *1 Nebraska CCGovSec CACUBOWACUBO SACUBOMany Others

3 IDentity Theft LOSS Prevention, LLC ׀ Lansing, Michigan ׀ 888-LOST MY ID ׀ © 2011 Identity Theft Loss Prevention, LLC. All Rights Reserved. A History of Innovation Founded by identity theft victim, Tom Glanville 1998 – Identity theft research with John Gardner, Esq – Public Education and Personal Protection Services 2006 – Officially became Identity Theft Loss Prevention, LLC 2006 – Creation of the information Compliance and Awareness Process (iCAP) 2006 – Small business iCAP workshops through Associations and Chambers of Commerce Identity Theft Loss Prevention, LLC “A History of Innovation” 100% Veteran Owned and Operated

4 IDentity Theft LOSS Prevention, LLC ׀ Lansing, Michigan ׀ 888-LOST MY ID ׀ © 2011 Identity Theft Loss Prevention, LLC. All Rights Reserved. A History of Innovation 2007 – First site consulting at an Illinois community college integrating iCAP, site assessments, and social engineering exercises – IDTLP launches only practice based FACT Act Red Flags Rule assessment and training proven to stop fraud 2008 – IDTLP launches first employee training for information exposure combining awareness, self-assessment, and prudent practices 2009 – ID Doctor is developed as the only Software as a Service (SaaS) product as an efficient process for small businesses to manage information exposure. Identity Theft Loss Prevention, LLC “A History of Innovation”

5 IDentity Theft LOSS Prevention, LLC ׀ Lansing, Michigan ׀ 888-LOST MY ID ׀ © 2011 Identity Theft Loss Prevention, LLC. All Rights Reserved. A History of Innovation 2010 – IDTLP services the Michigan Department of State 2010 – IDTLP reaches over 100 speaking engagements at national and regional conferences 2010 – IDTLP enters healthcare servicing its first hospital 2010 – IDTLP becomes a member of the Michigan Homeland Security Consortium IDTLP services 100th site consulting client 2011 – IDTLP becomes member of Infraguard 2011 – IDTLP hosts it’s first annual IDTPO Summit 2011 – IDTLP develops the Personal information Risk Assessment (PiRA) the only information exposure prevention tool for individuals and families Identity Theft Loss Prevention, LLC “A History of Innovation”

6 IDentity Theft LOSS Prevention, LLC ׀ Lansing, Michigan ׀ 888-LOST MY ID ׀ © 2011 Identity Theft Loss Prevention, LLC. All Rights Reserved. A History of Innovation 2012 – Walsh College receives the 2012 Innovation Award from the National Association of College and University Business Officers (NACUBO) for work with IDTLP 2012 – IDTLP strategically partners with the professional advising community through the launch of the IDTLP Trusted Advisor Program NACUBO Identity Theft Loss Prevention, LLC “A History of Innovation” Success Story A client of ours, University in West Virginia, SUCCESSFULLY defeated financial Aid Fraud * IG, Georgia, and GICA

7 IDentity Theft LOSS Prevention, LLC ׀ Lansing, Michigan ׀ 888-LOST MY ID ׀ © 2011 Identity Theft Loss Prevention, LLC. All Rights Reserved. Information is Currency = Financial Aid Fraud How does it happen? From where does it stem?

8 IDentity Theft LOSS Prevention, LLC ׀ Lansing, Michigan ׀ 888-LOST MY ID ׀ © 2011 Identity Theft Loss Prevention, LLC. All Rights Reserved. Information is Currency =

9 IDentity Theft LOSS Prevention, LLC ׀ Lansing, Michigan ׀ 888-LOST MY ID ׀ © 2011 Identity Theft Loss Prevention, LLC. All Rights Reserved. FinancialMedical DMV Criminal Social Security Terrorist Business Types of Identity Theft Information is Currency

10 IDentity Theft LOSS Prevention, LLC ׀ Lansing, Michigan ׀ 888-LOST MY ID ׀ © 2011 Identity Theft Loss Prevention, LLC. All Rights Reserved. Trends # # # # # # # Information Exposure Trends

11 IDentity Theft LOSS Prevention, LLC ׀ Lansing, Michigan ׀ 888-LOST MY ID ׀ © 2011 Identity Theft Loss Prevention, LLC. All Rights Reserved. Trends # # # # # # # Over 608,500,000 million records reported lost or stolen from higher education, health care, government, business, and the financial industry since January (www.privacyrights.org)www.privacyrights.org Information Exposure Statistics As of April 17, 2013 In 2005, an average of 71% of breaches were technology related. By 2006, technology related breaches were reduced to 28%, however, operational and behavior incidents increased from 29% to 72%.

12 IDentity Theft LOSS Prevention, LLC ׀ Lansing, Michigan ׀ 888-LOST MY ID ׀ © 2011 Identity Theft Loss Prevention, LLC. All Rights Reserved. Trends # # # # # # # Higher Education Exposure Statistics Reported Breaches by Industry Since 2005

13 IDentity Theft LOSS Prevention, LLC ׀ Lansing, Michigan ׀ 888-LOST MY ID ׀ © 2011 Identity Theft Loss Prevention, LLC. All Rights Reserved. Trends # # # # # # # Every organization that reported breaches since January 2005, it is assumed that 100% of them had some degree of compliance, technology controls, and prevention measures in place. Many also utilized “Industry Best Standards” Information Exposure Statistics

14 IDentity Theft LOSS Prevention, LLC ׀ Lansing, Michigan ׀ 888-LOST MY ID ׀ © 2011 Identity Theft Loss Prevention, LLC. All Rights Reserved. Trends # # # # # # # From 2005 to 2010 roughly 350,000,000 records were lost or stolen. From 2011 to current over 607,000,000 records have been lost or stolen. NEARLY DOUBLED in half the time – Why? ( more laws, industry standards, education, etc.) Information Exposure Statistics

15 IDentity Theft LOSS Prevention, LLC ׀ Lansing, Michigan ׀ 888-LOST MY ID ׀ © 2011 Identity Theft Loss Prevention, LLC. All Rights Reserved. Trends # # # # # # # Information Exposure Statistics

16 IDentity Theft LOSS Prevention, LLC ׀ Lansing, Michigan ׀ 888-LOST MY ID ׀ © 2011 Identity Theft Loss Prevention, LLC. All Rights Reserved. The Issues

17 IDentity Theft LOSS Prevention, LLC ׀ Lansing, Michigan ׀ 888-LOST MY ID ׀ © 2011 Identity Theft Loss Prevention, LLC. All Rights Reserved. Issue #1 – The Focus The Puzzling Truth about Compliance and Prevention The Issues

18 IDentity Theft LOSS Prevention, LLC ׀ Lansing, Michigan ׀ 888-LOST MY ID ׀ © 2011 Identity Theft Loss Prevention, LLC. All Rights Reserved. The Puzzling Truth about Compliance and Prevention The Issues “The closet was secured by biometric and keycard scan security with a magnetic lock and an additional door with a keyed lock. In addition, the property management company for the leased spaced provided security services... In spite of these physical safeguards, HHS determined that the PHI contained on the hard drives was not protected well enough.” Issue #1 - Evidence

19 IDentity Theft LOSS Prevention, LLC ׀ Lansing, Michigan ׀ 888-LOST MY ID ׀ © 2011 Identity Theft Loss Prevention, LLC. All Rights Reserved. The Puzzling Truth about Compliance and Prevention The Issues Issue #1 - Evidence

20 IDentity Theft LOSS Prevention, LLC ׀ Lansing, Michigan ׀ 888-LOST MY ID ׀ © 2011 Identity Theft Loss Prevention, LLC. All Rights Reserved. The Issues The Puzzling Truth about Compliance and Prevention Issue #2 – Compliance Efforts

21 IDentity Theft LOSS Prevention, LLC ׀ Lansing, Michigan ׀ 888-LOST MY ID ׀ © 2011 Identity Theft Loss Prevention, LLC. All Rights Reserved. The Issues Issue #2 - Evidence

22 IDentity Theft LOSS Prevention, LLC ׀ Lansing, Michigan ׀ 888-LOST MY ID ׀ © 2011 Identity Theft Loss Prevention, LLC. All Rights Reserved. The Puzzling Truth about Compliance and Prevention The Issues Issue #2 - Evidence

23 IDentity Theft LOSS Prevention, LLC ׀ Lansing, Michigan ׀ 888-LOST MY ID ׀ © 2011 Identity Theft Loss Prevention, LLC. All Rights Reserved. The Issues Issue #3 – Ecosystem

24 IDentity Theft LOSS Prevention, LLC ׀ Lansing, Michigan ׀ 888-LOST MY ID ׀ © 2011 Identity Theft Loss Prevention, LLC. All Rights Reserved. The Information Ecosystem What is an Ecosystem?

25 IDentity Theft LOSS Prevention, LLC ׀ Lansing, Michigan ׀ 888-LOST MY ID ׀ © 2011 Identity Theft Loss Prevention, LLC. All Rights Reserved. Areas of information Commerce Services Information Technology ComplianceLending Fund Raising Events i The Information Ecosystem

26 IDentity Theft LOSS Prevention, LLC ׀ Lansing, Michigan ׀ 888-LOST MY ID ׀ © 2011 Identity Theft Loss Prevention, LLC. All Rights Reserved. information Practices The Information Ecosystem PrivacySecurity ResponseUsage No iControl Shared iControl Shared iControl No iControl

27 IDentity Theft LOSS Prevention, LLC ׀ Lansing, Michigan ׀ 888-LOST MY ID ׀ © 2011 Identity Theft Loss Prevention, LLC. All Rights Reserved. The Information Ecosystem Information Processes and Flow Lock UpLog OffShred

28 IDentity Theft LOSS Prevention, LLC ׀ Lansing, Michigan ׀ 888-LOST MY ID ׀ © 2011 Identity Theft Loss Prevention, LLC. All Rights Reserved. Defensible Position Prepare to Defend Yourself

29 IDentity Theft LOSS Prevention, LLC ׀ Lansing, Michigan ׀ 888-LOST MY ID ׀ © 2011 Identity Theft Loss Prevention, LLC. All Rights Reserved. Defensible Position Balance is KEY Information Systems (BOT) Information Systems (BOT) Information Flow Information Flow Information Compliance Information Compliance Industry Standards Industry Standards Case Study Case Study More More DEFENSIBLE POSITION

30 IDentity Theft LOSS Prevention, LLC ׀ Lansing, Michigan ׀ 888-LOST MY ID ׀ © 2011 Identity Theft Loss Prevention, LLC. All Rights Reserved. “This [reasonable effort] requires not only the investment of time and research, but the expertise relevant to the issue at hand.” Dr. John White The Information Age of Vicarious Liability Defensible Position Where to Go From Here  Establish an Identity Theft Prevention Team  Conduct an Operations-Driven Risk Assessment  Design a Written Identity Theft Prevention Program  Employee Behavior Modification (Training)  Service Provider Oversight  Response Plan for Loss or Breach  Evaluate and Update the Identity Theft Prevention Program Solid Steps Possible Pitfalls

31 IDentity Theft LOSS Prevention, LLC ׀ Lansing, Michigan ׀ 888-LOST MY ID ׀ © 2011 Identity Theft Loss Prevention, LLC. All Rights Reserved. Defensible Position Be the Best INFORMATION STEWARDS We owe it to: Our Students Our Employees The Families Our Communities

32 IDentity Theft LOSS Prevention, LLC ׀ Lansing, Michigan ׀ 888-LOST MY ID ׀ © 2011 Identity Theft Loss Prevention, LLC. All Rights Reserved. Thank you for your participation! A culture of safety for social and business interaction. Identity Theft Loss Prevention, LLC (888) LOST-MY-I Who else needs to hear this? Spread the word!


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