EQUIFAX EXTENDS ID FRAUD EXPERTISE
New Head of ID Fraud appointed to extend range of services for Government and Financial Services Industry
London, 28th April 2005 – Equifax Ltd is demonstrating its continuing commitment to help both the UK financial services sector and the Government to address the growing issue of identity fraud and crime with the appointment of a new Head of ID Services, Sue Woods.
Sue Woods has over 20 years experience in the information industry, having been with Equifax for the last 10 years, working with a number of industry sectors to identify solutions that capitalise on the company’s core information expertise to tackle the threat of identity fraud and crime. Her knowledge of the government sector, in particular, puts Sue in a strong position to develop this area of Equifax’s business.
“Whilst much of the market knows Equifax for its credit information services, we have proven our expertise on a much wider basis in the last few years”, confirmed Sue. “Contract wins with the UK Passport Office, the Department of Constitutional Affairs and the Government E-business department to provide ID verification and anti-money laundering solutions have established the wider expertise of Equifax. Central to our capabilities is the expertise to take data about individuals and businesses and interrogate it to provide accurate identity verification – whether that is to identify fraudsters, money launderers or simply confirm an individual’s existence.”
Working with Equifax’s Predictive Sciences team, who have developed a number of unique ID verification and anti-money laundering solutions, Sue Woods’ team will be focusing on both the Government and Financial Services sectors to address two prime objectives. “There is clearly a need to assist Government and the financial services industry in tackling ID crime. But we can also provide vital business efficiency advantages through electronic identity verification solutions”, confirmed Sue Woods.
Equifax has developed a number of online solutions to support business and industry in tackling ID related crime and improve business efficiency. These include Decision Navigator, which enables regulated companies to control both the data and anti-money laundering policy rules used in electronic ID checks on a portfolio basis, and AML Online which offers access to comprehensive and in-depth information on more than 1.6 million UK companies and their directors and all UK consumers.
“Criminals are always aiming to be one step ahead of both the law and the controls put in place by the UK financial services sector. But I believe Equifax has a unique capability to help government and business to tackle the threat of ID related fraud, as well as improve overall business efficiency.”
