Affinion Security Center Increases ID Theft Insurance Options With $1 Million ID...
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Affinion Security Center Increases ID Theft Insurance Options With $1 Million ID Theft Insurance Protection New Insurance Policy Offers Reimbursement for Certain Funds Lost Due to Fraudulent Activity NORWALK, Conn., Aug. 17 /PRNewswire/ -- Affinion Security Center (ASC), a leading provider of identity theft protection, detection and resolution services, announced today the addition of a new, $1 million limit of Identity Theft Insurance. The new benefit is available immediately in all 50 states. In addition to the coverage this benefit provides for reimbursement for the typical cost of restoring your good name that can result from having your identity stolen such as certain court costs, attorney fees and lost wage compensation, the enhanced insurance benefit is distinctive to other competitive offers in that those consumers covered will have access to reimbursement of funds that are stolen via an unauthorized electronic funds transfer. This benefit is ideal for those circumstances where instead of fraudulent purchases, unauthorized electronic fund transfers are the main crime perpetrated and when a financial institution will not reimburse some expenses incurred as the result of identity theft. "Protecting, identifying and resolving ID theft requires significantly more than technological solutions alone," said Tom Rusin, CEO Affinion Security Center. "We've added this new benefit to a full suite of insurance offerings that help us mitigate the financial losses for consumers who have become victims of this crime." The $1 million identity theft insurance benefit is currently available through Affinion Security Center's IdentitySecure product as well as a wide variety of financial institutions. For more information, please visit http://www.affinionsecuritycenter.com. About Affinion Security Center Affinion Security Center, a division of Norwalk, Connecticut-based Affinion Group, is a global leader in providing identity protection and data security solutions to corporations and individuals. For over 35 years Affinion Security Center has been powering many of the world's leading personal data protection and breach resolution solutions offered by local, national and multi-national enterprises in the financial, retail and travel industries. The company currently protects over 10 million subscribers with services including IdentitySecure, PrivacyGuard, PC SafetyPlus and Hotline, and serves enterprise and government agencies with the data breach preparation and response tool, BreachShield. Affinion Security Center is part of the steering committee of the Identity Theft Prevention and Identity Management Standards Panel (IDSP). For more information please visit www.affinionsecuritycenter.com. SafeHarbor Statement Under the U.S. Private Securities Litigation Reform Act of 1995 This press release may contain statements that are forward looking, as that term is defined by the Private Securities Litigation Reform Act of 1995 or by the Securities and Exchange Commission in its rules, regulations and releases. These statements include, but are not limited to, discussions regarding industry outlook, Affinion's expectations regarding the performance of its business, its liquidity and capital resources and the other non-historical statements in the discussion and analysis. These forward-looking statements are based on management's beliefs, as well as assumptions made by, and information currently available to, management. When used in this release, the words "believe," "anticipate," "estimate," "expect," "intend" and similar expressions are intended to identify forward-looking statements. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. These statements are subject to certain risks, uncertainties and assumptions, including risks related to general economic and business conditions and international and geopolitical events, a downturn in the credit card industry or changes in the techniques of credit card issuers, market place consolidation among financial institution affinity partners, industry trends, the effects of a decline in travel on our travel fulfillment business, termination or expiration of one or more agreements with our affinity partners or a reduction of the marketing of our services by one or more of our affinity partners, the outcome of legal actions, our substantial leverage, restrictions contained in our debt agreements and our inability to compete effectively. SOURCE Affinion Security Center (ASC) Michael Bush of Affinion Group, +1-203-956-8038, mbush@affiniongroup.com
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