Overview                            Product Features                           Use Cases                                  Resources

Overview

     Scarcity is the basis of Value. Consumer spending – Your spending - is about seventy percent (70%) of the U.S. Gross Domestic Product (GDP). That makes you very powerful. Given that Identity Fraud hit an all-time High in 2019 with 16.7 Million U.S. Victims. Your power is under attack.  It is clear that a cradle to grave solution is needed.

                                                                   

     Identity theft is a global problem. It erodes income and exacerbates income inequality. It is the poor in society that are often the hardest hit by the effects of corruption, being the most reliant on public services and the least capable of paying the high price associated with fraud, bribery and other forms of corrupt activity, to attain those services.

     The wealthy have both greater motivation and more opportunity to engage in corruption, whereas the poor are more vulnerable to extortion and less able to monitor and hold the rich and powerful accountable as inequality increases.

     Record high incidence of identity fraud occurred in the U.S. in 2017; 6.64 percent of consumers became victims of identity fraud, an increase of almost one million victims from the previous year. This increase was driven by growth in both existing non-card fraud and account takeover (ATO).

 

Account Takeover Fraud (ATO) Prevention is a form of identity theft, wherein a bad actor gains access to a registered customer's account. The cost of account takeover fraud tripled last year, reaching an estimated $5.1 billion in the United States alone.  This represents a 120 percent increase from 2016.[1] 

     Account takeover continues to be one of the most challenging fraud types for consumers with victims paying an average of $290 in out-of-pocket costs and spending 16 hours on average to resolve. This translates to more than 62.2 million hours of time consumers lost in 2017. That is enough time for more than three million people to binge watch all seven seasons of Game of Thrones 31x.

Consumers may have exposure on these and others accounts:

401(k) accounts                                                                                           Medical Identity Theft

Auto line of credit                                                                                         Mobile Phone Account Hijacking 

Bond trading                                                                                                Mortgage line of credit

Checking accounts                                                                                      Patient medical records

Credit card accounts                                                                                   Savings accounts

Debit card accounts                                                                                    Stock trading

Deed ownership                                                                                          Title ownership

Document fraud                                                                                          Utilities fraud

Government benefits fraud                                                                         Voter fraud

 

       When someone takes over your account, they gain access to your money and can change your security questions and passwords.

     This may cause financial loss of money, your good credit score, and days off from work to fix, costs to fax, mail and delivery expense, notary costs, plus legal fees.

 

New Account Fraud Attacks (NAF)  In 2017, NAF rose an alarming 70 percent. NAF, often known as identity theft, relies on highly-sensitive personally identifiable information (PII) to facilitate. With the surge in data breaches, this wasn’t hard for bad actors to find.

 

     For the first time ever, Social Security numbers were compromised more than credit card numbers in data breaches. This was largely a result of the Equifax data breach, which exposed over 150 million American’s PII. Moreover, little or nothing has been done to stop it from happening again. Equifax still enjoys large government contracts.

 

     NAF has historically been one of the most difficult types of fraud to resolve. Victims must often work with creditors, financial institutions, FICO, police departments, landlords, mortgage companies, auto financing, and government organizations to clear or attempt to restore their good name.

     It is a huge uphill battle and headache that leaves funds tied up for days, weeks or months followed by lots of aspirin, tears, and pleading with people to trust you — something few families can afford.

                                                                                 Consumer features

     Consumers may have a false sense of prevention with these and other shiny new security products:

 3-D secure                                                          Chip-n-PIN                                                         Selfie-Pay

Account Alerts                                                      EMV                                                                   Two-Factor Authentication

AMEX SafeKey                                                    Encryption                                                          Verified by Visa

Anti - Virus                                                           Face ID                                                               VPN

Artificial Intelligence                                             MasterCard Secure                                                                  

Avoid Public Wi-Fi                                               Screen Lock                                                              

CFPB now is defunded                                       Security Freeze      

                                                            

     They all fail to PREVENT a bad person from opening up a new or intermediary account in your good name. New account fraud has occurred with PayPal, Amazon Premier, Google Wallet, Wepay, 2Checkout, Authorize.net, skrill, Intuit, Propay, WeChat, and others.  

     This may cause anxiety, loss of sleep, tension, and stress.

 

Synthetic ID Fraud Prevention – it involves bad actors using a combination of fake information, such as a fictitious name, and real data, like a child’s Social Security number, to create fraudulent accounts.

     Consumers may suffer physical hardship when you or your child’s PII is cobbled together with fake stuff to create a fictional character. 

     This involves fraudsters using a combination of this and other stuff:

A phantom                                                                           Phony birth certificate

An apparition                                                                       Phony driver’s license

Child’s social security number                                            Piggybacking onto an good account                    

Deceased date of birth                                                        Real address to receive bad mail                

Decoy                                                                                  Real data

Doppelganger                                                                     Second cousin to harvey the rabbit

George Kaplan of North by Northwest                               Stolen social security number                          

Made up or fake name                                                       Your house address

Peter stevens of shawshank redemption                           Your good name                    

                                                                              Consumer solutions

 

       When someone weaves your PII with fake data to creates a ghost person, this may cause you lost of sleep, irritation, mistaken identity, False arrest, false imprisonment, and even medical identity fraud and incorrect diagnosis and treatment. This is alarming.

     We can eliminate the global problem of identity theft and attack income inequality one Country at a time starting with your U.S. enrollment.

     Security is best viewed in layers. So for example the first or outer layer may store your driver’s license inside your secure home. To strengthen that outer layer we will tie your digital footprint to your unique biometric facial recognition to form the inner layer. We do this everywhere. We do this all the time. Here is what we offer:

 

 

 PRICING

FOR CONSUMERS

     Ginicoe biometric facial recognition used for consumers are centered around four main features that are available to you dependent upon your selected price plan. 

 

ELITE -                     Protects you everywhere you go

PLUS -                       Card Not Present (CNP) includes CP plus all online e-Commerce sites and apps. Digital and non-digital channel

STANDARD -    Card Present (CP) means inside a real physical store or office. Non-digital channel only

ESSENTIAL -   FREE for ALL.  Protects you only for government benefits and services.  

 

 

 

USE CASES

      A Professional Imposter and con man had spent 25 years stealing Social Security numbers and fabricating new aliases, leaving behind a thicket of confusing and falsified records. Six weeks earlier, he had been released from a federal prison in New Hampshire, where he had served six years for identity theft as Jeremy Clark-Erskine. But he had more than 27 aliases in five states.

Reprinted courtesy of James C. McKinley Jr and Rick Rojas both of the New York Times found here: https://www.nytimes.com/2016/02/07/nyregion/jeremy-wilson-a-compulsive-con-man.html 

 

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     Andy Dufresne (aka Tim Robbins) concocts various frauds, scams and kickbacks for Warden Samuel Norton to enrich himself at taxpayers’ expense. Dufresne runs the paper trail through the nonexistent Peter Stevens. Dufresne conjures up Stevens and then creates all the legal documents necessary to run the tainted money through the nonexistent silent partner. If the IRS or others start investigating Warden Norton’s laundered money, they will chase after a person who simply doesn’t exist.  “They’ll wind up chasing a figment of my imagination,” Dufresne boasts. Then Red (aka Morgan Freeman) says to Andy Dufresne, “Did I say you were good? You’re a Rembrandt!”

Reproduced compliments of Stephen King’s 1994    story of the “Shawshank Redemption”

 

                                              _______________________________________________________

 

     Wall Street is failing to protect our seniors from scams and identity theft. At a time when senior financial fraud is on the rise, financial regulators say those on the first line of defense—brokerages and financial advisors—aren’t doing enough to stop it.  “Early detection and reporting are critical,” says NASAA’s president, Mike Rothman. Unlike younger investors, seniors do not have the luxury of time to recoup losses inflicted by financial exploitation, he says, so catching and stopping the fraud early could be the difference between having enough money to live on or not.

Reprinted courtesy of Megan Leonhardt at Money Magazine found here: 

http://time.com/money/4909241/wall-street-financial-firms-protect-seniors/

 

                                                        _______________________________________________

 

 

     Roger Thornhill You're George Kaplan (aka Cary Grant – aka Archibald Leach), aren't you Kaplan? I know all about Kaplan—I’ve been in his hotel room. I’ve worn his misshapen suit. He even suffers from dandruff.

Reproduced compliments of Alfred Hitchcock’s 1959 Story of “North by Northwest”

 

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     Extra checks by the jail would not have helped 62 year old Maria Hernandez. Her arrest warrant was issued after the California Department of Insurance confused her with an insurance fraud suspect, who had used a false date of birth as well as a first and a last name that matched Hernandez's.  Hernandez spent nearly two days in the county's jail in Lynwood before her family managed to bail her out. Her family now owes $2,000 to a bail bonds company. And Hernandez, who cleaned homes for years but is now retired, faces another bill of $1,470 for a medical exam conducted at the direction of jail staff.

Reprinted courtesy of Marisa Gerber of the LA Times found here: 

http://www.latimes.com/local/california/la-me-mistaken-identity-20160820-snap-story.html#

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[1] Javelin’s 2018 Identity Fraud Report