4/3/10

PositiveID (Verichip) Corporation's Identity Security Business Achieves Record Growth to …

"DELRAY BEACH, Fla., Apr 01, 2010 (BUSINESS WIRE) –PositiveID Corporation (“PositiveID” or the “Company”) /quotes/comstock/15*!psid/quotes/nls/psid (PSID 1.36, -0.01, -0.73%) announced today that its identity security business, which offers credit reporting, credit scores and credit monitoring services under the NationalCreditReport.com brand to help protect consumers from identity theft, has reached a significant milestone, reporting record growth to 20,000 active subscribers.

According to Javelin Strategy and Research’s 2010 Identity Fraud Survey Report, more than 11 million Americans fell victim to identity theft in 2009, and the total annual fraud amount increased by 12.5 percent to $54 billion. Javelin Strategy and Research also reported that 50.2 million Americans were using a credit monitoring service as of September 2008, amounting to a $6 billion to $9 billion industry on an annual basis.

Scott R. Silverman, Chairman and CEO of PositiveID, said, “In addition to helping consumers protect themselves from identity theft as it pertains to credit fraud, we are also focused on combating the growing problem of medical identity theft, which affects 7 percent of identity theft victims. Through our secure personal health record, Health Link, which is interoperable with Microsoft Health Vault and soon-to-be with Google Health, we put consumers in charge of their own health information through a robust, patient-controlled interface.”" ...source