Secured2 and TASCET Launch Algo5, Providing the Five Components Needed to Secure Data in Today’s High Risk Environment

Algo5 secures data from internal and external threats, allowing access and retrieval only by known authorized users.

MINNEAPOLIS, Minn. & MADISON, Wis. – Secured2 Corporation and TASCET today announced the launch of Algo5, a proprietary security platform to protect data from threats (breaches, hacks and disasters) resulting from both internal vulnerabilities and external sources.

Secured2 protects data from document origination to the endpoint (cloud, local storage or hybrid) through its solution, Beyond Encryption. TASCET, an identification company, implements a proprietary process to ensure one person, one identity through SuperToken. Together, they enable companies in any industry to offer the most secure end-to-end data storage solution available today.

Algo5 provides all five of the crucial components necessary to secure data in today’s high risk environment.

Security breaches suffered across industries are driving the need for an advanced solution. Algo5 provides security and cost savings by shrinking and shredding data, then dispersing it among numerous locations, with each location separately encrypting the data. The data can be accessed and retrieved only by users who are authorized and known through a SuperToken.

“There are too many weak points in the way data is stored and accessed today,” said Daren Klum, CEO of Secured2. “Without Algo5, the risks are simply too high. Algo5 brings together two technologies – identification and data security at the file level – that are changing the way companies store, access and retrieve data.”

SuperToken establishes the unique identity of users and links them to a single identifier that cannot be altered, shared or stolen. The data dispersed using Algo5 is fully restored only through a request based upon a confirmed SuperToken, preventing access by unauthorized persons who reside inside or outside the organization.

“Breaches are increasingly caused by external forces gaining access through internal personnel,” said Larry Aubol, CEO of TASCET. “By managing internal access, companies limit external threats.”

“Algo5 provides all of the crucial components necessary to secure data in today’s high risk environment,” said Aubol. “This includes the identification of users, which ensures that access is allowed only by users who are known. This step is nonexistent in approaches that rely on authentication.”

“Algo5 is a great example of two companies joining forces to provide an end-to-end solution that is business-critical,” said Klum.

About Secured2

Secured2 Corporation (www.secured2.com), a Microsoft Partner, is a data security technology pioneer. Beyond Encryption, the company’s core product introduces a shrink-shred-secure-restore methodology, combined with new compression technology that reduces the size of data up to 80 percent. Secured2 drives innovation for organizations that require 100 percent security for critical data assets.

About TASCET

TASCET (www.tascet.com) is an identification company, serving industries including financial, healthcare, cyber, retail and travel. Its Identity Infrastructure enables a proprietary process for identification and anonymity. TASCET’s Super ID and SuperToken ensure one person, one identity, enabling organizations to prevent fraud, streamline processes and protect consumers.

 

Contacts:

Secured2 Corporation

Daren Klum, 612-756-7099

daren.klum@secured2.com

 

TASCET

Brenda Sorenson, 608-442-8888

bsorenson@tascet.com

Mobilizing Real-time Identity to Prevent Fraud, Build Integrity

Partnership brings significant new mobile capabilities to companies in all sectors that need to know who they’re doing business with anytime, anywhere

IRVINE, Calif. & MADISON, Wis.–(BUSINESS WIRE)–Mobility Exchange and TASCET today announced a strategic partnership to deliver groundbreaking mobile capabilities for preventing fraud and synthetic identities, building integrity into existing and emerging business models, and advancing new initiatives aimed at improving services and operations, while protecting consumer security and privacy.

“and when we became familiar with TASCET’s SuperToken technology, we knew it would provide a significant ROI for our clients.”

Mobility Exchange provides pivotal, turn-key mobility solutions across a range of applications and industries. TASCET is the digital enterprise risk management company offering SuperTokenTM to businesses in all major sectors and for blockchain applications.

“As we move further into an era in which business is conducted using new remote service platforms in real-time, mobile-to-mobile and digital environments, it’s become clear that status-quo identity authentication solutions are not enough to counter new fraud and enterprise risks,” said Ron Patterson, President of Mobility Exchange.

“We help organizations build flexibility and integrity into their business models,” Patterson said, “and when we became familiar with TASCET’s SuperToken technology, we knew it would provide a significant ROI for our clients.”

Larry Aubol, CEO of TASCET, was drawn to the diversity of challenges Mobility Exchange is continuously pursuing, and recognized the value a collaboration could offer in bringing workable, efficient and highly effective mobile solutions to the forefront.

“TASCET is excited to join forces with Mobility Exchange and become a cornerstone in the company’s arsenal of integrated solutions,” Aubol said. “Pairing SuperToken with the innovative, turn-key solutions provided by Mobility Exchange brings new opportunities for both companies, and tremendous new capabilities for our clients.”

About Mobility Exchange

Mobility Exchange (www.mobilityexchange.net) provides value-added solutions for companies in multiple industries. The company’s bundled solutions incorporate Mobility Device Management (MDM) Software in a vast array of M2M devices, building on its experience in the wireless, technology, consulting and financial services markets.

About TASCET

TASCET (www.tascet.com) provides real-time digital enterprise risk management capabilities to clients in the financial, healthcare, retail, travel, insurance, cyber, credit card, education and government domains. TASCET creates and sells numbers (SuperTokenTM) that uniquely identify individuals, using a process that is unchanging across industries and technologies.

Contacts
TASCET
Brenda Sorenson, (608) 442-8888
bsorenson@tascet.com
or
Mobility Exchange
RJ Meyers, (949) 556-5122
rj@mobilityexchange.net

Unique Patient Identifier Solves Patient Safety Concerns Caused by Data Breaches

National patient identifier is the foundation for interoperability across the entire healthcare system and removes the financial threat of synthetic identities.

MADISON, Wis.–(BUSINESS WIRE)–TASCET, Inc., released its “Unique Patient Identifier,” or UPI, solution to the healthcare industry today– resolving a long, contentious search by providers, patient privacy advocates and public agencies.

“The UPI is just one component, but it is the foundation for interoperability in nationwide health information exchange, and the means to safeguard patients and their privacy.”

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Organizations including the College of Healthcare Information Management Executives, the Association of Medical Directors of Information Systems and the American Hospital Association have called the unique patient identifier “foundational” and the need for a UPI “urgent” for safely exchanging electronic health records without risking patient privacy. Centralized payment hubs being developed by a number of banks have also found it necessary that a unique patient identifier exist in order to assure prompt and accurate payments.

Tommy G. Thompson, former Secretary of U.S. Health and Human Services, applauds the industry-led effort to implement a UPI. “During my tenure as Secretary, we saw the promise of electronic health records and secure information exchange, but knew patient record matching would be challenging. The lack of a unique patient identifier has become a major impediment to the secure sharing of health information, and a very real threat to patient safety,” says Thompson. “I’m encouraged that private enterprise is moving forward with workable solutions.”

Describing the breakthrough, Larry Aubol, CEO of TASCET, Inc., says: “The UPI solves the most difficult challenge to patient safety: ensuring that patient records cannot be compromised due to mismatching, duplication, fraud or data breaches.” Years of discussions with industry executives, physicians, associations, privacy advocates, HIEs, payers, pharmacists and government officials provided the backdrop for the development of the unique patient identifier.

Massive data breaches have heightened the concern over patient record exchange across the nation. The Identity Theft Resource Center reports that more than 109 million patient records were compromised in breaches since January, 2015, in addition to those suffered across industries and the U.S. government. The compromised information is sold and resold, enabling criminals to pair valid information with false information to create synthetic identities and commit fraud, leaving patients and healthcare systems at great risk, Aubol notes.

“Even before data breaches became systemic, development of a UPI solution was prompted by basic patient safety concerns,” Aubol recalls. “The biggest obstacle has been making the UPI inherently secure so that patient records are always protected from unauthorized access, and that’s exactly what we do.”

In 2008, the RAND Corporation examined the benefits of a unique patient identifier for the U.S. healthcare system. Its report highlighted six attributes outlined in the ASTM standard, which called for the UPI to be unique and canonical, invariable, nondisclosing, verifiable, ubiquitous and limited in use to accessing health information.

“To be both unique and canonical, a patient identifier must prevent multiple patients from being assigned to the same patient identifier, while also ensuring that the same patient is not attributed to more than one identifier, across the nationwide healthcare system,” explains Aubol. “The UPI accomplishes these and the other attributes noted by RAND, all while protecting the privacy of the patients and improving revenue cycle management for providers.”

“The UPI is just one component,” Aubol noted, “but it is the foundation for interoperability in nationwide health information exchange, and the means to safeguard patients and their privacy.”

Bridge Community Bank Adopts Innovative Approach for Consumer Privacy and Security

Implementation of TASCET’s Financial ICONN Showcases Digital Identities in Banking

Mechanicsville, Iowa – Bridge Community Bank today announced it will be the country’s first financial institution to adopt the TASCET Financial ICONN™, a proprietary privacy solution that will streamline the bank’s physical and online customer identification and identity verification processes.

Beginning in early 2013, both current and new account holders will be able to request a Financial ICONN at each of the bank’s locations in the cities of Mount Vernon, Solon and Mechanicsville, Iowa. Each branch will be equipped with TASCET’s ICONN system that will enable customers to secure their identity and receive the highest level of transaction privacy and convenience available in the banking industry today.

“Protecting our customers’ identities and assets is always our number one priority,” said Bob Steen, CEO of Bridge Community Bank. “TASCET’s Financial ICONN puts protection tools in place in the branch offices as well as in mobile transactions and peer-to-peer payments. The Financial ICONN approach eliminates many of the hurdles associated with identity. At the end of the day, both the consumer and the bank have the highest degree of confidence in knowing who is on each end of the transaction.”

To activate a Financial ICONN, a customer simply provides the bank with his or her name, address, date and country of birth and gender along with two Fingerproofs™ and a Faceproof™. This information is processed by TASCET’s proprietary Identity Infrastructure™ to identify the customer. Once uniquely identified, the customer activates a Financial ICONN, a digital representation of their identity. ICONN facilitates the rapid and accurate verification of the customer’s identity in all future transactions.

Unlike conventional account security and look-up methods that rely on Social Security numbers, driver licenses, PINS or passwords that are highly vulnerable to forgery and theft, Bridge Community Bank will protect its customers’ identities and transactions through a TASCET-issued Financial Security Number™ (FSN) that is unique to each customer and incorporated into their account.

In addition, the FSN will serve to strengthen the bank’s compliance with anti-money laundering (AML), Know Your Customer (KYC) and Bank Secrecy Act (BSA) regulations and sets the foundation for securing mobile transactions.

“Bridge Community Bank has a history of embracing new technologies in the interest of their customers’ financial safety and the future of banking,” said Larry Aubol, CEO of TASCET. “This is a prime example of new technology driving significant improvements in both consumer safety and industry efficiency.”

Prior to the rollout of TASCET’s Financial ICONN, Bridge Community Bank will launch an awareness campaign targeted for its customers that will highlight the importance of securing their identity with the TASCET activation process.

About Bridge Community Bank

Bridge Community Bank is an employee-owned commercial bank with three locations in Mechanicsville, Mount Vernon and Solon, Iowa. The bank provides a wide range of financial services to both consumers and businesses including checking and savings, business banking, online and mobile banking as well as business/agriculture, home, personal and auto loans. For more information, visit www.bankatbridge.com.

About TASCET

TASCET created the Identity Infrastructure™, the first cross-industry platform and only end-to-end digital identification and verification solution that addresses business and consumer privacy and identity requirements. TASCET’s identification and privacy solutions are currently available to organizations in the financial services, healthcare, cyber and government sectors. Based in Madison, Wisconsin, TASCET does not data mine, sell its clients’ information or monitor its clients’ customers’ transactions. Visit www.tascet.com for more information.

TASCET’s Financial Iconn Eliminates Tax Return Fraud Schemes

ICONN links personal identity to individual tax returns; prevents multiple filings

MADISON, Wis. – TASCET (www.tascet.com), a company dedicated to consumer privacy, stated that its Financial ICONNTM can be effectively used in the tax preparation industry to prevent multiple filings of tax returns by individuals engaged in fraudulent schemes.

Identity fraud related to tax returns has exploded over the past several years with staggering losses to U.S. taxpayers and the IRS. Treasury Inspector General for Tax Administration J. Russell George has testified that as much as $26 billion could be lost to tax identity fraud over the next five years.  Filing multiple false tax returns by the same individual presents the biggest challenge.  The IRS reported that in 2011 approximately 940,000 tax returns with $6.5 billion in refunds involved identity fraud.

Financial ICONN, introduced at FinovateSpring 2012 in San Francisco, provides powerful fraud prevention and investigation capabilities that have not been available in the tax preparation industry.  ICONN stops imposters from being able to file multiple tax returns using somebody else’s name, Social Security Number (SSN) and other personal information.

Tax preparers, using Financial ICONN, now have a tool that prevents multiple filings and restores privacy by safeguarding taxpayer information from being fraudulently used by another individual.

“In addition to being a consumer-focused tool, Financial ICONNalso acts as a proactive compliance mechanism,” said Brian R. Bodager, TASCET’s Chief Operating Officer. “Attention is shifting from individual taxpayers to the intermediaries who deal with hundreds or even thousands taxpayers. It is only a matter of time until stronger compliance requirements, similar to KYC in the banking industry, are imposed by regulators on tax preparation companies and the software that they use.”

The technology is consumer friendly and preparer integration is fast and inexpensive. Once a taxpayer’s Financial ICONN is activated by TASCET, the ICONN can be used for real-time identity verification when filing tax returns.

For tax preparers, Financial ICONN:

  • Prevents identity-related tax fraud and stops multiple tax returns before they are filed
  • Solves upcoming compliance and regulatory challenges
  • Ensures the integrity and sustainability of the electronic filing system
  • Strengthens reliance on SSNs for customer tax filing by providing a consistently accurate identifier that remains with the customer regardless of changes in name, address or filing status

For taxpayers, Financial ICONN:

  • Protects from identity-related tax fraud
  • Restores privacy and peace of mind

About TASCET

Founded in 2005 and based in Madison, WI, TASCET built an Identity Infrastructure that is available to organizations in the financial services, healthcare, education, cyber and government sectors.  The Identity Infrastructure serves as the backbone for Technology as a Service (TaaS), enabling businesses to confirm an individual’s identity as they move between organizations or industries. The Infrastructure helps organizations maintain data integrity, meet compliance challenges, and eliminate the use of government-issued identifiers while restoring consumer privacy. TASCET is non-transactional and does not data mine, sell information or monitor transactions. Visit www.tascet.com for more information.

TASCET Selected to Showcase Financial ICONN™ at FinovateSpring 2012

Financial ICONN Eliminates Synthetic Identities and Strengthens Compliance Efforts

MADISON, Wis.  TASCET (www.tascet.com), creators of a multi-industry Identity Infrastructure, today announced CEO Larry Aubol will present Financial ICONN at FinovateSpring 2012 in San Francisco May 8 and 9. Financial ICONN (www.tascet.com/#financial), a digital representation of a customer’s identity used when conducting transactions, is the company’s flagship offering in the financial services industry.

Finovate is the conference series that showcases innovations in financial and banking technology from both leading established companies and up-and-coming companies like TASCET. Activated through TASCET’s Identity Infrastructure, Financial ICONN prohibits fraudulent transactions and provides powerful fraud prevention and investigation capabilities that are not presently available to the financial industry. It prevents imposters from using multiple or synthetic identities across different financial services institutions to commit fraud. “Financial ICONN gives institutions a tool that engages customers in the fight against fraud,” said Noah Kunin-Goldsmith, business development director at TASCET. “Finovate’s unique format and focus on financial technology innovations provides the perfect platform to demonstrate ICONN’s impact and ease of use.” The Financial ICONN:

  • Offers a strong, efficient approach to KYC and AML compliance.
  • Prevents identity fraud in new accounts and stops many fraudulent transactions before they occur.
  • Eliminates reliance on Social Security numbers for customer identification and account matching.
  • Provides an identifier that remains with the customer regardless of changes in name, address or financial institution.

Finovate Presentation Details: Who: Larry Aubol, founder and CEO, TASCET What: Financial ICONN: The End of Synthetic Identities When: May 8 or 9 Where:Concourse Exhibition Center, 635 8th Street (at Brannan) San Francisco “FinovateSpring 2012 was extremely competitive and generated a record number of entries,” said Eric Mattson, CEO of The Finovate Group. “TASCET’s approach to compliance and fraud with Financial ICONN clearly stood out.” About TASCET Founded in 2005 and based in Madison, Wis., TASCET built an Identity Infrastructure that is available to organizations in the financial services, healthcare, education, cyber and government sectors.  The Identity Infrastructure serves as the backbone for Technology as a Service (TaaS), enabling businesses to confirm an individual’s identity as they move between organizations or industries. The Infrastructure helps organizations maintain data integrity, meet compliance, and eliminate the use of government-issued identifiers while restoring consumer privacy. TASCET is non-transactional and does not data mine, sell information or monitor transactions. Visit www.tascet.com for more information. About FinovateSpring FinovateSpring is a demo-based conference for innovative startups and established companies in the fields of banking and financial technology. Held in San Francisco, the event offers an insight-packed glimpse of the future of money via a fast-paced, intimate and unique format. FinovateSpring is organized by The Finovate Group. For more information on the event or to view videos of previous demos, please visit http://www.finovate.com/spring2012.

TASCET’s Health ICONN™ Forces Necessary Shift in the Fight Against Fraud

Disruptive Metric Ends Pay and Chase in Healthcare

MADISON, Wis.  TASCET (www.tascet.com), creators of a multi-platform Identity Infrastructure, today announced the creation of Health ICONN(www.tascet.com/#healthcare), a digital representation of an individual used to prove identity at the time healthcare services are requested. Health ICONN disables medical identity fraud and ensures patient safety and privacy.

An ICONN sets the foundation for digital identification. A Health ICONN provides a proactive fraud detection tool to reduce the amount of pay and chase that occurs in the healthcare industry. Audits, investigations and prosecutions are necessary but time consuming and often reactive, occurring after the fraud is committed. The Health ICONN also ends the confusion between identification, verification and authentication in terms of the crucial role each plays. This confusion has created weak links that are easily exploited in today’s complex and digital modern society. “Fraud, waste, abuse and administrative inefficiencies are among the issues driving the cost of healthcare in America,” said Kari Douglas, senior vice president at TASCET. “Healthcare organizations are adding to the problem by not addressing the issue at hand – identifying patients – and they inadvertently promote fraud by relying on a driver’s license or birth date to determine identity.” TASCET’s Health ICONN is available to hospitals and clinics, insurance companies, pharmacies, health information exchanges and other healthcare entities needing to comply with federal and state regulations concerning fraud and patient privacy. Health ICONN benefits healthcare organizations by reducing the full time equivalent (FTE) costs related to patient identification and claims adjudication and by providing anonymity to electronic health records. Once the patient’s Health ICONN is confirmed by TASCET, the Health ICONN can be used by the patient to remain anonymous yet identified in a way never done before. This allows for the confidential access and exchange of their medical records. When patients return for follow-up care or to fill a prescription, they simply provide their Health ICONN for real-time identity verification. For healthcare organizations, the Health ICONN:

  • Maintains compliance by ensuring patient privacy and confidentiality during electronic health record exchange.
  • Enables HIPAA-covered entities to exceed compliance regulations by providing consistent, reliable identification of patients without using publicly available identifiers like a Social Security number, date of birth or driver’s license.
  • Keeps patients anonymous while enabling the provider to still know who the patient is.
  • Cuts costs by reducing the amount of hours and manpower spent on claims adjudication.
  • Preserves the organization’s reputation.
  • Increases conveniences by reducing time spent in the patient waiting area.

For consumers, the Health ICONN:

  • Provides a digital representation of the patient’s identity, which gives the patient a new level of safety, security and convenience.
  • Improves convenience by minimizing the amount of information needed during registration.
  • Creates confidence knowing that medical decisions are made based on the correct identity.
  • Enhances privacy when electronic medical records are exchanged.
  • Diminishes identity fraud.

About TASCET Founded in 2005 and based in Madison, Wis., TASCET built an Identity Infrastructure that is available to organizations in the financial services, healthcare, education, cyber and government sectors.  The Identity Infrastructure serves as the backbone for Technology as a Service (TaaS), enabling businesses to confirm an individual’s identity as they move between organizations or industries. The Infrastructure helps organizations maintain data integrity, meet compliance, and eliminate the use of government-issued identifiers while restoring consumer privacy. TASCET is non-transactional and does not data mine, sell information or monitor transactions. Visit www.tascet.comfor more information.

Financial ICONN™ Provides the Missing Component for SARs and KYC Compliance

Enhances AML and Risk Management Efforts

MADISON, Wis.  TASCET (www.tascet.com), a company dedicated to consumer privacy, today announced its Financial ICONN, a digital representation of a customer’s unique characteristics used to assert identity when conducting financial transactions. The Financial ICONN prohibits fraudulent transactions and provides powerful fraud prevention and investigation capabilities that are not presently available to the financial industry

It prevents imposters from using multiple or synthetic identities across different financial services institutions to commit fraud. Available to financial institutions, money services businesses and mortgage brokers needing to comply with Know Your Customer (KYC) and Suspicious Activity Reports (SARs) requirements, the ICONN enables these businesses to offer customers increased convenience, privacy and anonymity during transactions. It is also available to automobile dealers and the insurance, securities, precious metals, jewelry and gaming industries in which compliance is required. “No other industry must adhere to such strict levels of government regulations surrounding the identification of customers than the financial services industry,” said Brenda Sorenson, business development director at TASCET. “The key to compliance is not devoting more resources, but applying the most advanced and effective identification technologies to streamline efforts and cut costs while preserving corporate reputation and customer confidence.” Once the customer’s Financial ICONN is confirmed by TASCET, the ICONN can be used for real-time identity verification for transactions. It therefore eliminates the reliance on Social Security numbers, driver licenses, PINS or passwords, which are vulnerable to forgery or theft. For financial institutions, the Financial ICONN:

  • Offers a strong, efficient approach to Know Your Customer compliance.
  • Prevents identity fraud in new accounts and stops many fraudulent transactions before they occur.
  • Eliminates reliance on Social Security numbers for customer identification, and provides an identifier that remains with the customer regardless of changes in name, address or financial institution.

For consumers, the Financial ICONN:

  • Provides instantaneous identity verification securely and anonymously, without the need to remember numbers, PINS or passwords.
  • Restores privacy and protects from identity fraud.

About TASCET Founded in 2005 and based in Madison, Wis., TASCET built an Identity Infrastructure that is available to organizations in the financial services, healthcare, education, cyber and government sectors.  The Identity Infrastructure serves as the backbone for Technology as a Service (TaaS), enabling businesses to confirm an individual’s identity as they move between organizations or industries. The Infrastructure helps organizations maintain data integrity, meet compliance, and eliminate the use of government-issued identifiers while restoring consumer privacy. TASCET is non-transactional and does not data mine, sell information or monitor transactions. Visit www.tascet.comfor more information.