03-20-2003

CreditProtectionServices.com combines the best of both deterrence and early detection services for Credit Fraud and Identity Theft. CPS’s unique 24/7 credit security service offers it’s clients the opportunity to take preventative measures in protecting their credit reports, monitoring their credit for fraud, limiting their credit information from unauthorized third parties and information updates on how to better safeguard their personal data.

In these days of surging e-theft, consumers must now take aggressive measures to safeguard their personal credit and financial information more than ever. The Federal Trade Commission (FTC) has estimated increased credit fraud and id theft occurrences of 50% annually. These figures are now reaching millions of people and costing billions of dollars annually. The increased growth of internet connectivity and online shopping, have made most computers and their users easy prey for high tech hackers. The FTC and Department of Consumer Credit estimate that the average victim of credit fraud and id theft incurs $18,000 in fraudulent accounts and spends approximately 180 hours over an average two year period getting corrections made and credit ratings revived.

CPS founder and CEO, Mike Bryant believes strongly in deterrence and early detection. “ It is my opinion after spending over 15 years in the financial industry and 5 years researching credit fraud and id theft that 90% or more of the problems can be avoided by our program. It seems unimaginable that any household would not take action to protect themselves and make every effort available in securing their personal data, especially since 911. Just last month ( February 2003) one hacker accessed, manipulated and stole over 8 million credit cards in a day, that’s 1 out of every 100 cards issued in the USA today. I think we will see the problem even get worse due to the combination of increased computer use and training, easy access through cable internet connection, unemployed and talented dot.com technicians getting into hacking for cash and increased organized crime making a shift into e-crimes.”