Lionheart Assurance Solutions, LP http://www.LionheartAssuranceSolutions.com
Corporate Overview
o
Who is Lionheart Assurance Solutions, LP?
o
The challenges we address in the market
o
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!