Identity Theft's Role on Employee Productivity

Businesses need to invest in identity theft protection for employees

The average identity theft victim spends up to 300 hours attempting to restore his or her identity after misuse is detected. For businesses, this is an alarming statistic because when an employee's identity is stolen; those 300 hours of restoration time will likely be spent during work hours when credit agencies, banks and similar companies are available. For every identity theft victim in its employee ranks, a business stands to lose hundreds of hours of productivity.

"We expect that one in 20 of your employees will become a victim of identity theft in 2009. Help reduce their stress and time away from work by enhancing your employee benefit offerings with identity theft protection," said Bill Morrow, CEO of identity theft protection company CSIdentity.

CSIdentity's identity theft protection product CSIdentity ProtectorSM is provided to businesses so they can offer employees identity theft protection at no cost to the company. Protection can be purchased at a low monthly fee by employees with easy enrollment and optional payroll deductions. CSIdentity Protector allows employees to monitor their identities online using CSIdentity's identity theft protection product that accesses;

• Credit reports
• court and criminal records
• public records
• change of address notifications
• non-credit loans

CSIdentity provides subscribers with reports, sex offender alerts and ongoing monitoring of fraudulent activity associated with their name, address, Social Security number and date of birth. CSIdentity's Cyber Agent scours internet surveillance and has found more than 2.5 million identities being sold online. For even more peace of mind, CSIdentity backs each CSIdentity ProtectorSM account holder with up to $25,000 of identity theft insurance.

In addition to protecting employees from identity theft, offering identity theft protection as an employee benefit also helps with data security. It heightens employees' awareness of fraudsters and the threat of data breaches – an awareness that will help as they handle sensitive customer data.

Bill Morrow is chairman and CEO of CSIdentity, an identity theft protection company that offers a comprehensive suite of business and personal security solutions targeting all aspects of identity theft. CSIdentity's comprehensive Security Suite provides the industry's strongest protection solutions, including identity validation, comprehensive background screenings, identity theft protection and data breach management. For more information, visit http://www.CSIdentity.com.