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Lionheart Assurance Solutions


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With offices nationwide, Lionheart Assurance Solutions, LP assists corporate clients with affirmative defense strategies designed to mitigate risks associated with the loss of employee or customer data. This is accomplished by helping businesses to establish an ongoing program of compliance with federal and state identity theft laws. Serving over 240,000 individual and corporate North American clients, Lionheart Assurance Solutions, LP specializes in employee group legal and identity theft protection benefits for small, medium and large businesses. Certified Identity Theft Risk Management Specialists (CITRMS) work closely with management to develop and implement a comprehensive affirmative defense strategy, which includes company-wide identity theft awareness training for all employees , and group identity theft protection and legal access plans made available to all employees as payroll deduction benefits.

Published in: Business, Economy & Finance
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Lionheart Assurance Solutions

  1. 1. Lionheart Assurance Solutions, LP
  2. 2. <ul><li>Who is Lionheart Assurance Solutions, LP? </li></ul><ul><li>The challenges we address in the market </li></ul><ul><li>The services we provide </li></ul>Corporate Overview
  3. 3. <ul><li>Established in 1997 by Mr. Chuck Siegel, our President and CEO </li></ul><ul><li>A business services firm with over 240,000 individual and corporate clients </li></ul><ul><li>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 </li></ul><ul><li>We are experiencing phenomenal growth with consistent revenue increases over the same period last year </li></ul>Lionheart Assurance Solutions, LP
  4. 4. Let’s Look at Our Market <ul><li>Laws affecting businesses are constantly changing… </li></ul><ul><li>Federal and State legislators are taking an aggressive stance against companies that are not properly protecting private information. </li></ul><ul><li>Because of these changes in the law, our services have become one of the most requested employee benefits in the nation. </li></ul><ul><li>What is driving this new posture? </li></ul>
  5. 5. <ul><li>America’s fastest growing crime </li></ul><ul><li>23,000 victims DAILY - every 3.75 seconds </li></ul><ul><li>Has surpassed drug trafficking as #1 law enforcement concern </li></ul>
  6. 6. Identity theft is not just about credit cards! Identity theft is an international crime and access to an attorney might be critical 5 Common Types of Identity Theft What is Identity Theft? Social Security Medical Character/ Criminal Financial Driver’s License
  7. 7. Why are you at risk? <ul><li>Utility Companies </li></ul><ul><li>Insurance Companies </li></ul><ul><li>Credit Card Records </li></ul><ul><li>Medical Records </li></ul><ul><li>Real Estate Records </li></ul><ul><li>Motor Vehicle Records </li></ul><ul><li>School Records </li></ul><ul><li>Military Records </li></ul><ul><li>Social Security Record </li></ul><ul><li>Banking Records </li></ul><ul><li>Employment Records </li></ul><ul><li>Postal Records </li></ul><ul><li>Purchasing Records </li></ul><ul><li>Tax Records </li></ul><ul><li>Leasing Records </li></ul><ul><li>Licensing Records </li></ul>Your Data is Out There What is Identity Theft?
  8. 8. Lost, Hacked, or Stolen… Notables <ul><li>MasterCard: 40 Million (System hacked ) </li></ul><ul><li>Veteran’s Admin: 26.5 Million (Laptop lost) </li></ul><ul><li>Citibank: 3.9 Million (Shipment of data tapes lost) </li></ul><ul><li> 1.3 Million (System hacked) </li></ul><ul><li>Presbyterian Hospital: 8,000 (Employee theft) </li></ul><ul><li>TJX: 100 Million (System hacked) </li></ul>Who is at Risk? Could YOU be at risk?
  9. 9. The Cost to Individuals <ul><li>The average dollar amount charged in identity theft: $92,893 </li></ul><ul><li>The average number of checks written in identity theft: 74.6 </li></ul><ul><li>The average number of credit card applications approved through identity theft: 8.4 </li></ul>Laws hold victims partially responsible for fraudulent debt after 48 hours, and fully responsible if not reported within 60 days… Latest FTC Statistics
  10. 10. <ul><li>Fair and Accurate Credit Transactions Act (FACTA) </li></ul><ul><li>Health Insurance Portability and Accountability Act (HIPAA) </li></ul><ul><li>Graham, Leach, Bliley Safeguard Rule (GLB) </li></ul><ul><li>New Red Flag Rules effective 11/1/08 </li></ul>Why Are Businesses Concerned? <ul><li>Fines up to $1,000,000 per occurrence </li></ul><ul><li>Up to 10 Years Jail Time for Executives </li></ul><ul><li>Removal of management </li></ul><ul><li>Executives within an organization can be held personally accountable both civilly and criminally </li></ul>
  11. 11. <ul><li>Employees can take up to 600 hours , mainly during business hours, and a cost of up to $1,500 to restore their identities. </li></ul><ul><li>“ 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!”* </li></ul><ul><li>“ 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.”* </li></ul>*CIO Magazine, The Coming Pandemic , Michael Freidenberg, May 15 th , 2006 The Cost to Businesses
  12. 12. Identity Theft Mitigation Plan <ul><li>“… 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… ” </li></ul>Betsy Broder of the Federal Trade Commission Business and Legal Reports, January 19, 2006
  13. 13. An employee benefit which provides help in every phase of identity theft – before, during, and after the crime occurs… The Lionheart Answer
  14. 14. Employee A Complete Wall of Security Access to Legal Counsel Continuous Monitoring of Activity Full Restoration by Licensed Investigators
  15. 15. <ul><li>Continuous monitoring of credit bureau(s) </li></ul><ul><li>Access to all other consumer information repositories: </li></ul><ul><ul><li>Department of Motor Vehicles </li></ul></ul><ul><ul><li>Social Security Administration </li></ul></ul><ul><ul><li>Medical Information Bureau </li></ul></ul><ul><ul><li>Postal Service </li></ul></ul><ul><ul><li>TeleChex </li></ul></ul><ul><ul><li>Others too numerous to list </li></ul></ul>Continuous Monitoring of Activity <ul><ul><li>Provides immediate notification of changes in credit bureau information database </li></ul></ul>
  16. 16. These services can save hundreds, possibly thousands of hours for the Employee and the Employer 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. Full Restoration by Licensed Investigators
  17. 17. Preventive Legal Plan Access to Legal Counsel <ul><li>Who do your employees call when they have personal issues like… </li></ul><ul><ul><li>Identity theft? </li></ul></ul><ul><ul><li>Divorce? </li></ul></ul><ul><ul><li>Bankruptcy? </li></ul></ul><ul><ul><li>Traffic tickets or accidents? </li></ul></ul><ul><li>Do your employees’ personal issues ever effect their work performance? Does this effect your bottom line? </li></ul><ul><li>For a low monthly fee, employees can have access to valuable benefits that cover the most common legal needs they will encounter. </li></ul><ul><li>Lionheart’s “bottom line”: Your employees are able to keep their focus on their work instead of on their personal problems! </li></ul><ul><ul><li>Landlord/tenant issues? </li></ul></ul><ul><ul><li>Creditor harassment? </li></ul></ul><ul><ul><li>Child custody issues? </li></ul></ul>
  18. 18. <ul><li>Identity Theft Plan </li></ul><ul><ul><li>Continuous credit bureau monitoring </li></ul></ul><ul><ul><li>Restoration services by Licensed Investigators </li></ul></ul><ul><ul><li>Member and spouse coverage for one price </li></ul></ul><ul><li>Preventive Legal Plan </li></ul><ul><ul><li>Family coverage </li></ul></ul><ul><ul><li>No contract </li></ul></ul><ul><ul><li>Payroll deduction </li></ul></ul><ul><ul><li>Portable - goes with employee </li></ul></ul><ul><ul><li>Never had a price increase to an existing member </li></ul></ul>Employee Benefit Plan
  19. 19. <ul><li>For more information about our services, please visit our corporate web site at </li></ul><ul><li> </li></ul><ul><li>We look forward to serving you! </li></ul>Contact Us