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Protect Employees from Identity Theft

National I.D. Defense recognizes the growing threat of identify theft and now provides a solution for businesses trying to protect their employees. "The Federal Trade Commission estimates 27 million people have been affected by identity theft in the last five years," says Rich Paredes, V.P. of National I.D. Defense. Ten million people were affected in 2004, which is an 80 percent increase over the previous year.

National I.D. Defense offers identity security through employee benefit programs on voluntary or involuntary bases. As the cost of employee benefits continues to rise or even become unaffordable, identity theft protection would enhance existing benefit packages or be used to fill the void, thus providing value, employee loyalty and goodwill.

According to the Federal Trade Commission, the average out-of-pocket expense for individuals resolving an identity theft on their own is $1,500 and 175 hours of labor, and the process can take up to six months. The addition of an identity protection program could curb costs for employees and benefit employers as well. The impact on reputation, brand image, and staff morale can also be more important than financial loss.