CHICAGO -- TransUnion has joined Utica College's Center for Identity Management and Information Protection. CIMIP is a research collaborative composed of elite public and private sector organizations including the Federal Bureau of Investigation, United States Secret Service, LexisNexis, IBM and three prominent universities. The organization is dedicated to using applied research to further a national research agenda on identity management, information sharing and data protection.
"Fraud and related threats continue to evolve and present problems worldwide," said Michael Snitman, TransUnion vice president/general manager-public sector. "Given our domain expertise, we are extremely pleased to have the opportunity to work collaboratively with some of the world's leading organizations in the CIMIP to help companies and financial institutions better understand and address fraud in the Internet age." Utica College's CIMIP was founded in June 2006 with the goal of working toward a more secure homeland by impacting policy, regulation and legislation. The organization is dedicated to studying the trends, causes, early detection and prevention of identity fraud and theft; understanding the evolving threat from cyber criminals, insiders and organized crime groups; assessing the impact of policy decisions, legislation, and regulatory actions; improving identity authentication systems to reduce fraud and improper payments, and protect national security; and studying the use of information, its protection, and the role of enabling technologies to facilitate privacy and information sharing. "In examining vertical market segments and assembling our team of leading identity management organizations, it became clear that we needed a credit and information management company," said Dr. Gary R. Gordon, CIMIP's executive director and professor of Economic Crime Management at Utica College. "We are very pleased that TransUnion has joined CIMIP because its data and intellectual assets significantly strengthen our resources and it will help us in bringing our applied research on identity management to fruition." TransUnion offers a comprehensive Fraud and Identity Management solutions portfolio to major institutions around the country. In addition, its unique Fraud Victim's Assistance Department counsels consumers affected by fraud. TransUnion is also one of the co-founding partners of the Identity Theft Prevention and Identity Management Standards Panel, a coalition of major corporations lead by the American National Standards Institute and the Council of Better Business Bureaus. Its objectives are to identify existing identity theft and fraud prevention standards and areas where updated or new standards are needed. The panel expects the process will take 12-18 months to complete.