X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NASHVILLE, Tenn. – In a time of increasing fraud exploits, marketing strategies firm Progeny Marketing Innovations has joined forces with AIG eBusiness Risk Solutions to offer identity theft insurance coverage. Under the agreement, the new identity theft insurance program will offer a wide range of services to help identity theft victims re-claim their lives. The insurance coverage provides up to $10,000 for expenses associated with re-establishing one’s identity, such as re-filing for loans, grants and other debts, obtaining credit reports, payment of lost wages as a result of time off from work to investigate/re-establish an identity, legal costs, and other expenses. The move is part of Progeny’s strategy to develop fraud protection products and services through an exclusive agreement with Frank W. Abagnale, an authority on fraud prevention, whose life story was the basis for the blockbuster Steven Spielberg movie “Catch Me If You Can.” “What we have developed is a convenient and well-positioned program that meets one of society’s greatest needs – the peace of mind that identity and confidentiality will be preserved,” said Abagnale. According to the Federal Trade Commission, identity theft strikes approximately 750,000 people each year and costs businesses $600 billion a year. In 2002 alone the FTC reported 380,000 identity and fraud complaints.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.