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Latest Biometrics Solutions Combat Rising Concern for Identity Theft by Implementing Fraud Protection Measures to Keep Consumer's Identity Safe
Date:9/5/2014

CORAL SPRINGS, Florida, September 5, 2014 /PRNewswire/ --

How Safe is Your Identity?  Recent Data, Credit-Card & Identity Theft breaches fuel new advancements in fraud protection for consumers.  With recent intrusions at Home Depot Inc. (NYSE: HD), United Parcel Service, Inc. (NYSE: UPS) and JPMorgan Chase & Co. (NYSE: JPM), Leading Biometrics & Smart Technology Companies such as NXT-ID, Inc. (OTCBB: NXTD) and LifeLock, Inc. (NYSE: LOCK) are taking proactive steps to battle against breaches against online, identity & mCommerce security concerns.

Biometric Solutions designed to battle Fraud & Identity Theft issues:  NXT-ID, Inc. (OTCQB:NXTD), a biometric authentication company focused on the growing mobile commerce market, announced this week that NXTD has submitted a patent application for a method to locally verify identity. This invention represents another first for NXT-ID with the world's first disconnected identity validation system, and another key feature to securing NXT-ID's Wocket smart wallet.  "This invention is very timely in the face of continued breaches of data and privacy." stated Gino Pereira, CEO of NXT-ID. "In the last two days we have news of intrusions on personal data of celebrities on iCloud and a potentially large data breach at Home Depot (read more below). We continue to push the envelope with new, exciting technologies that protect an individual's privacy by keeping information off the cloud or a network."

"This invention provides security without sacrificing privacy," says David Tunnell, CTO of NXT-ID. "Local identity validation ensures financial accounts and cards that are added to Wocket smart wallet belong to the owner of that Wocket. We wanted a way for users to securely add their cards without having to sacrifice their privacy to some online background check. This technology is a key enabler of emerging smart wallet technology to reduce fraud."

To read more about NXTD, please click here: http://www.financialnewsmedia.com/profiles/nxtd.html

NXT-ID has also submitted a patent application for methods to integrate intelligent systems into a wallet to form a smart wallet. This patent primarily discusses mechanical methods and approaches to add electronics to turn average wallets into smart wallets and follows an earlier patent submission by the Company for a method to replace traditional payment and identity management systems.

"This patent reinforces our intellectual property position in the mobile and wearable markets, especially in the area of smart wallets," states David Tunnell, CTO of NXT-ID. "This invention details how various electronics, such as touch screens, buttons, batteries and microphones with voice recognition can be added to materials, providing tight integration that enhances wallet functionality."  NXT-ID's Wocket(TM) is a smart wallet, the next evolution following the smart phone and smart watch. NXT-ID is introducing its innovative, patent-pending Wocket(TM) as the next natural step in the evolution of smart devices. Wocket(TM) is a next generation smart wallet designed to protect your identity and replace all the cards in your wallet, with no smart phone required.  Read more at http://finance.yahoo.com/news/nxt-id-patents-methods-add-145300975.html

LifeLock, Inc. (NYSE: LOCK) is a leading provider of proactive identity theft protection services for consumers and fraud and risk solutions for enterprises. LifeLock's threat detection, proactive identity alerts, and comprehensive remediation services help provide peace of mind for consumers amid the growing threat of identity theft. Leveraging unique data, science and patented technology from ID Analytics, Inc., a wholly-owned subsidiary, LifeLock offers identity theft protection that goes significantly beyond credit monitoring.

Recent problems causing concern:  Home Depot Inc. (NYSE: HD)'s investigation of a suspected hacker attack is renewing pressure on retailers and credit-card providers to strengthen payment-system security.  The largest home-improvement chain said recently that it was working with banks and law enforcement on the possible incursion, following a report by KrebsOnSecurity that a "massive" batch of stolen credit- and debit-card information was posted for sale online. http://www.bloomberg.com/news/2014-09-02/home-depot-shares-drop-after-retailer-investigates-data-breach.html?cmpid=yhoo

Leading freight forwarding company, United Parcel Service, Inc. (NYSE: UPS) is the latest to fall prey to cyber attacks. The company has reportedly faced malware attacks across 51 U.S. stores, which represents 1% of the existing 4,470 UPS stores in the U.S.   According to the company, customer details such as debit and credit card information for cards used in any of the breached stores may likely be exposed to hackers who have caused these cyber crimes in the UPS system.  Read more: http://www.nasdaq.com/article/ups-stores-hit-by-cyber-attack-customer-data-compromised-analyst-blog-cm383209#ixzz3CNl9pbwj

Weeks after JPMorgan Chase & Co. (NYSE: JPM) discovered a major data breach in its systems, investigators have found clues that show the hackers used a global network of computers available for hire to reroute the stolen data from the bank to a large Russian city.  Using a computer network staging ground, called a "bulletproof" hosting stage platform, because of its fortress-like security to keep out law enforcement agencies and other cybercriminals, the hackers took over computer systems around the world, from South America to Asia, sending commands and hiding their identity to break into one of the most heavily guarded financial networks on Wall Street, the Bloomberg report said. Read the full story at http://www.ibtimes.com/jpmorgan-data-breach-traced-back-russia-which-calls-claim-nonsense-1678296

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DISCLAIMER:  FN Media Group LLC (FNMG) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels.  FNMG is NOT affiliated in any manner with any company mentioned herein.  FNMG and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNMG's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.  The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material.  All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks.  All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release.  FNMG is not liable for any investment decisions by its readers or subscribers.  Investors are cautioned that they may lose all or a portion of their investment when investing in stocks.  For current services performed FNMG has been compensated one thousand four hundred dollars for news coverage of the current press release issued by NXT-Id, Inc. by a non-affiliated third party.

FNMG HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.  

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNMG undertakes no obligation to update such statements.

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