Archive for August, 2006

Experian IPO Approved by Shareholders

Wednesday, August 30th, 2006

Yesterday GUS shareholders approved the IPO of the US-based credit bureau Experian.

Here’s the expected timetable leading up to the Oct 11, 2006 start of trading:

Sept 14: Approximate date of publication of Experian prospectus.

Oct 6: Suspension of listing of, and dealings in, GUS shares at 4.30 p.m

Oct 10: Experian demerger becomes effective

Oct 11: Shares of Experian start trading at 8AM GMT on the London Stock Exchange.

ID Theft Gets a New Spokesperson: Miss New Mexico 2006

Tuesday, August 29th, 2006

In lighter news, ID theft prevention got a new advocate recently, as Miss New Mexico (2006), Christina Hall, is championing the issue. Ms. Hall experienced ID theft after someone used her name to obtain a driver’s license.

Equifax, Experian Win Government Contracts for Credit Monitoring

Tuesday, August 29th, 2006

According to a PRPresswire annoucement today, The U.S. General Services Administration awarded Blanket Purchase Agreements (BPAs) to assist Federal agencies in protecting the confidentiality of personal credit and payment information, as well as providing a fast and effective solution for Federal agencies needing commercial-off-the-shelf credit monitoring services.

The BPAs were awarded to Equifax, Inc. based in Atlanta, Ga., Experian Consumer Direct of Irvine, Calif., and Bearak Reports, a small, woman-owned firm in Framingham, Mass. Bearak Reports consumer brand is IdentityForce.
Following this decision, Federal agencies to take advantage of reduced unit pricing and volume discounting on credit monitoring services and will be select different levels of credit monitoring services depending on the degree of vulnerability, risk, and protection.

Top States For ID Theft

Tuesday, August 29th, 2006

MSN Money has a great interactive map showing ID theft broken down by state which graphically demonstrates the dangers of living in the Southwest of West coast. Here’s some of the same data in a table:

Top 10 states for identity theft (on per-capita basis)
Rank State Victims/100,000 Total victims
1 Arizona 142.5 8,186
2 Nevada 125.7 2,935
3 California 122.1 43,839
4 Texas 117.6 26,454
5 Colorado 95.8 4,409
6 Florida 92.3 16,062
7 New York 92.0 17,680
8 Washington 91.1 5,654
9 Oregon 87.8 3,156
10 Illinois 87.6 11,138

Source: Consumer Sentinel

More Shredders…

Monday, August 28th, 2006

Caroline Mayer joins on the shredder bandwagon today with an article about college students and shredders in her blog at WashingtonPost.com, writing about a recent pro-shredder press release from Fellows:

My first reaction was to laugh; “what a great marketing pitch,” I thought. But as I read on, I realized that Fellowes raised some good points about college students and identity theft. For example, it noted that as a whole, Americans tend to overestimate the risk of identity theft to the elderly but underestimate it to the young. In fact, statistics on a number of recent surveys show that it’s the younger generation that’s most vulnerable.