20 Sep MBO Holdings (BEMG) Subsidiary Get Credit Healthy’s Strategic Expansion To Offer Identity Theft Protection Solutions
SUNRISE, Fla., Sept. 20, 2018 (GLOBE NEWSWIRE) — Beta Music Group Inc. (OTC PINK: BEMG) through its operating subsidiary Get Credit Healthy, Inc. (“GCH”) announced today its strategic expansion plan to offer Identify Theft Monitoring prior to the end of this year. GCH will launch proprietary technology software with data monitoring and analytic solutions to help consumers manage financial and personal risks associated with the theft of their personal data in the virtual and financial world.
A recent Javelin Strategy and Research report found 16.4 million Americans were victims of identity theft in 2017 stealing $16.8 Billion from U.S. consumers, the highest number on record. The study also found that criminals are designing more sophisticated and insidious applications to counter fraud prevention efforts, putting at risk a much broader range of accounts than those covered by traditional credit monitoring. GCH Identify Theft Platform will utilize technology solutions and artificial intelligence to help monitor and protect against risks associated with identities and personal information such as prevention, detection and resolving identity theft associated with financial fraud. Small and medium management regarding breach prevention to software services to protect business computers and personal devices against bad browsing sites and phishing attacks. See https://www.javelinstrategy.com/press-release/identity-fraud-hits-all-time-high-167-million-us-victims-2017-according-new-javelin#
Elizabeth Karwowski, CEO, stated: “A 2017 data breach affected 145 million US consumers, exposed personal data such as social security numbers, driver’s license numbers, full names and dates of birth provide a broad base of data for criminals to mine and utilize. Criminals continue to seek the easiest route to identity theft and small businesses are becoming a strong source for illicit harvesting of personal information. In serving and protecting our client’s financial and credit interests, GCH is expanding our solutions over the next several months to the Identity Theft Protection markets.”
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Javelin Strategy & Research, a Greenwich Associates LLC company, is a research-based advisory firm that helps its clients to make better-informed business decisions in a digital financial world. Our analysts offer unbiased, actionable insights and unearth opportunities that help financial institutions, government entities, payment companies, merchants, and other technology providers sustainably increase profits.