Lionheart Assurance Solutions: D-FW Businesses Seek To Minimize Liability for Identity Theft

Dallas, Texas ( PressReleasecollection ) June 1, 2009 – The Dallas/Fort Worth office of Lionheart Assurance Solutions, LP is offering identity theft mitigation services for corporate clients in a variety of specialized industries including (but not limited to): healthcare, auto dealers and financial institutions. Professional certifications and training are required for assisting clients in these areas, which are possessed by Lionheart Assurance Agents in offices around the country. Businesses are increasingly finding themselves more liable for securing non-public information belonging to their customers, employees, vendors and suppliers. Many are now realizing that as they make changes in their workforce, a great deal of insider information is also at risk. One large DFW auto dealer remarked, “Wow, I am glad we did not attempt to conduct this alone. There is a lot to know.”

Many business owners are beginning to realize the full impact that a data breach could have on the survivability of their business. As just one example, the Fair and Accurate Credit Transactions Act - commonly called FACTA - says that any business that maintains any non-public information about any individual (and it can be as simple as an address and phone number) is subject to potentially severe consequences in the event of a data loss. If the information is lost under the wrong set of circumstances (and the rules are unclear about what would constitute the "right" set of circumstances), the company can be fined up to $2,500 per occurrence and have a civil liability of up to $1,000 per occurrence. In addition, this law eliminated any ceiling on class-action lawsuits and made the company liable for the losses of any individual, which can quickly become a daunting exposure for most businesses.

Nationally, Lionheart Assurance Certified Identity Theft Risk Management Specialists (CITRMS) provide expert education and support in this arena. Informational luncheon seminars are available throughout the country to provide business owners with an overview of these services and their associated account management support.

About Lionheart Assurance Solutions, LP

Serving over 240,000 individual and corporate North American clients since 1997, Lionheart Assurance Solutions, LP offers employee group legal and identity theft restoration plans designed to enhance worker productivity by helping employees keep their focus on their work instead of on personal problems. In addition, Lionheart works with small, medium and large businesses to assist them in establishing an ongoing program of compliance with federal and state identity theft laws with an emphasis on mitigating risks associated with the loss of employee or customer data. Certified Identity Theft Risk Management Specialists (CITRMS) work with management in the development of 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 that are made available as payroll deduction benefits for all employees.

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