Lionheart Assurance Solutions

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Lionheart Assurance Solutions, LP http://www.LionheartAssuranceSolutions.com

Corporate Overview

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Who is Lionheart Assurance Solutions, LP?

o

The challenges we address in the market

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The services we provide

Lionheart Assurance Solutions, LP 







Established in 1997 by Mr. Chuck Siegel, our President and CEO A business services firm with over 240,000 individual and corporate clients One of the largest independent marketing agencies in North America representing the services of two large publicly traded companies, both of which are #1 in their fields We are experiencing phenomenal growth with consistent revenue increases over the same period last year

Let’s Look at Our Market 

Laws affecting businesses are constantly changing…



Federal and State legislators are taking an aggressive stance against companies that are not properly protecting private information.



Because of these changes in the law, our services have become one of the most requested employee benefits in the nation.



What is driving this new posture?



America’s fastest growing crime



23,000 victims DAILY - every 3.75 seconds



Has surpassed drug trafficking as #1 law enforcement concern

What is Identity Theft?

5 Common Types of Identity Theft

Driver’s License

Social Security

Medical

Character/ Criminal

Financial

Identity theft is not just about credit cards! Identity theft is an international crime and access to an attorney might be critical

What is Identity Theft? Why are you at risk?                

Utility Companies Insurance Companies Credit Card Records Medical Records Real Estate Records Motor Vehicle Records School Records Military Records Social Security Record Banking Records Employment Records Postal Records Purchasing Records Tax Records Leasing Records Licensing Records

Your Data is Out

Who is at Risk?

Lost, Hacked, or Stolen… Notables 

MasterCard: 40 Million

(System hacked)



Veteran’s Admin: 26.5 Million



Citibank: 3.9 Million



Monster.com: 1.3 Million



Presbyterian Hospital: 8,000 (Employee theft)



TJX: 100 Million (System hacked)

(Laptop lost)

(Shipment of data tapes lost) (System hacked)

Could YOU be at risk?

Latest FTC Statistics

The Cost to Individuals 

The average dollar amount charged in identity theft: $92,893



The average number of checks written in identity theft: 74.6



The average number of credit card applications approved through identity theft: 8.4

Laws hold victims partially responsible for fraudulent debt after 48 hours, and fully responsible if not reported within 60 days…

Why Are Businesses Concerned? 

Fair and Accurate Credit Transactions Act (FACTA)



Health Insurance Portability and Accountability Act (HIPAA)



Graham, Leach, Bliley Safeguard Rule (GLB)



New Red Flag Rules effective 11/1/08



Fines up to $1,000,000 per occurrence Up to 10 Years Jail Time for Executives Removal of management Executives within an organization can be held personally accountable both civilly and criminally

  

The Cost to Businesses 

Employees can take up to 600 hours, mainly during business hours, and a cost of up to $1,500 to restore their identities.



“If you experience a security breach, 20% of your affected customer base will no longer do business with you, 40% will consider ending the relationship, and 5% will be hiring lawyers!”*



“When it comes to cleaning up this mess, companies on average spend 1,600 work hours per incident at a cost of $40,000 to $92,000 per victim.”* *CIO Magazine, The Coming Pandemic, Michael Freidenberg, May 15th, 2006

Identity Theft Mitigation Plan Betsy Broder of the Federal Trade Commission Business and Legal Reports, January 19, 2006

“…an affirmative defense against potential fines, fees and lawsuits is to offer some sort of identity theft protection as an employee benefit. An employer can choose whether or not to pay for this benefit. The key is to make the protection available, and have a mandatory employee meeting on identity theft and the protection being made available, similar to what most companies do for health insurance…”

The Lionheart Answer

An employee benefit which provides help in every phase of identity theft – before, during, and after the crime occurs…

A Complete Wall of Security

Access to Legal Counsel

Employee

Continuous Monitoring of Activity

Full Restoration by Licensed Investigators

Continuous Monitoring of Activity 

Continuous monitoring of credit bureau(s)



Access to all other consumer information repositories: 

Department of Motor Vehicles



Social Security Administration



Medical Information Bureau



Postal Service



TeleChex



Others too numerous to list

Provides immediate notification of changes in credit bureau information database

Full Restoration by Licensed Investigators

Licensed Investigators do the bulk of the work for the fraud victim. Not as a counselor, not alongside, not in conjunction with, but on behalf of the customer.

These services can save hundreds, possibly thousands of hours for the Employee and the Employer

Access to Legal Counsel Preventive Legal Plan Who do your employees call when they have personal issues like… oIdentity theft? oDivorce? oBankruptcy? oTraffic tickets or accidents?

oLandlord/tenant issues? oCreditor harassment? oChild custody issues?

Do your employees’ personal issues ever effect their work performance? Does this effect your bottom line? For a low monthly fee, employees can have access to valuable benefits that cover the most common legal needs they will encounter. Lionheart’s “bottom line”: Your employees are able to keep their focus on their work instead of on their personal problems!

Employee Benefit Plan 

Identity Theft Plan   



Continuous credit bureau monitoring Restoration services by Licensed Investigators Member and spouse coverage for one price

Preventive Legal Plan     

Family coverage No contract Payroll deduction Portable - goes with employee Never had a price increase to an existing member

Contact Us

For more information about our services, please visit our corporate web site at http://www.LionheartAssuranceSolutions.com We look forward to serving you!

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