BetaNews | ChoicePoint ID Theft Problem Worsens

“The identity theft investigation involving database giant ChoicePoint, a company that provides consumer information to insurance companies, got much larger late Wednesday.

The company disclosed an additional 110,000 people across the country could have had their personal information compromised, bringing the total number of possible victims to 145,000. The new tally likely makes ChoicePoint’s break-in the largest case of identity theft in history.”

Now this is just plain wrong! And from a company who’s job it is to keep this information safe and provide verification services to other companies and the government … when they were unable to even provide verification to themselves on a fraud against their own company?

It boggles the mind. Were they so worried about protecting the actual database file(s) from computer attack that they forgot all about Social Engineering!?!

It gets even more interesting when you realize the following quoted on a Group 1 Software press release:

“Insurity Selects Group 1 Software for Address Data Quality Insurance Industry Technology Provider to Offer Group 1’s CODE-1 Plus with its Commercial Intellisys Solution

Group 1 Software (Nasdaq: GSOF), a leading provider of customer relationship management (CRM)-enabling software solutions, today announced it has been selected by Insurity of Hartford, CT to provide customer address data quality solutions.

A wholly owned subsidiary of ChoicePoint (NYSE: CPS), Insurity is a business process and technology firm providing a full range of products and services to the insurance industry. Insurity will resell Group 1’s CODE-1 Plus address correction and verification software with its Commercial Intellisys offering, a commercial property and casualty underwriting, rating, and policy production system. CODE-1 Plus will be utilized to ensure the accuracy of policyholder address data as it enters the enterprise and to update existing address information.

“Verifying policyholder address information is an operational imperative to ensure that our communications reach policyholders in a timely manner,” said Jeffrey Glazer, Executive Vice President at Insurity. “We selected CODE-1 Plus for this mission-critical function due to the strength of the solution and Group 1’s leadership position in the data quality arena.” “

And the connection:

  • “About Group: 1 Group 1 Software (Nasdaq: GSOF) is a leading provider of customer relationship management (CRM)-enabling software solutions for data quality, marketing automation, customer relationship communications and direct marketing applications. Group 1’s software systems and services enable 2,500 customers worldwide to market smarter by helping them find, reach and keep customers. Founded in 1982 and headquartered in Lanham, Maryland, Group 1’s solutions are utilized by leaders in the financial services, banking, retail, telecommunications, utilities, e-commerce, and insurance industries. The company’s customer base includes such recognized names as AT&T, Charles Schwab, Entergy, GEICO, L.L. Bean, and Wal-Mart. For more information about Group 1, visit the company’s Web site at http://www.g1.com.
  • About Insurity: Insurity, a business process and technology firm, is a ChoicePoint company (NYSE: CPS). Insurity serves the needs of insurance companies, MGAs, and financial services institutions, including more than half of the nation’s top 20 carriers. Insurity has offices in Hartford and East Hartford, Conn.; Atlanta; Dallas; and Red Wing, Minn. Readers can obtain more information about Insurity by calling (770) 205-6604, Ext. 23, or by visiting the company’s Web site at http://www.insurity.com.
  • About ChoicePoint: ChoicePoint is the leading provider of credential verification and identification services for making smarter decisions in today’s fast-paced world. The Company serves the information needs of insurance, business, government and individual customers, including Fortune 1000 corporations, asset-based lenders and professional service providers, and federal, state and local governments. ChoicePoint is committed to the responsible use of information and the protection of personal privacy as fundamental planks of the Company’s business model. For more information about ChoicePoint, visit the Company’s web site at http://www.choicepoint.net.”

NOTE: Originally posted: February 2005 (recreated from mangled original bambismusings.blogspot.com)

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