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SmartMetric Warns of an Explosion in Identity Theft and Account Takeover as a Result of the Recent Gigantic JP Morgan, Home Depot and Target Data Breaches — Report Shows That 1 in 3 People Who Received Data Breach Notices Became a Victim of Identity Frau

NEW YORK, NY — (Marketwired) — 10/06/14 — SmartMetric, Inc. (OTCQB: SMME) The cost to the economy, and consumers in particular, of the recent explosion in data breaches at some of the biggest consumer enterprises in the United States goes way beyond the direct fraud losses that flow from the fraudulent use of credit card information to make in person and online purchases. According to a 2014 published report by Javelin Strategy & Research, 1 in 3 people who received data breach notifications in 2013 became a victim of fraud. Worse, the report reveals that breaches of debit card information shows 46% of consumers are likely to become an identity theft victim.

It is reported that, in the United States, 2013 identity theft cost over $13 Billion.

SmartMetric has developed a safer payments card that uses a person–s biometrics (fingerprint) to turn on the card before it can be used. Tying the card to the card owner by the use of biometrics will aid in combating the current tidal wave of credit card fraud, said the President and CEO of SmartMetric, Chaya Hendrick. Having a credit card that has a miniature fingerprint reader inside that in turn scans a person–s fingerprint and matches it with the card owner–s fingerprint stored inside the card to turn on the card, is a monumental increase in payment card defences. It also provides the use of a biometric credential, in this case the person–s fingerprint, that never travels across networks or leaves the consumer–s card, said SmartMetric–s President.

Certain of the above statements contained in this press release are forward-looking statements that involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those indicated in the forward-looking statements as a result of various factors.

EraStar, Inc.
Office (702) 480-9800

Chaya Hendrick
Office: 702-990-3687
Direct: 786.269.2238
Email:

Related posts:

  1. More Americans Fear Identity Theft Than Terrorism With Nearly 39 Percent of American Victims of a Personal Security Breach — SmartMetric Revolutionary Biometric Credit Card Technology to Help Consumers in Data Theft Protection
  2. SmartMetric Says the Home Depot Credit Card Information Theft in Canada Shows That EMV Chip Card Technology Alone Will Not Protect Consumers From Future Theft – It Is Estimated the Latest Card Data Theft Could Cost More Than $3 Billion
  3. Your Credit Card as a Mobile Device — SmartMetric Creates an Intelligent Credit Card With Its Own Built-In Processor
  4. SmartMetric Inside Credit Card Fingerprint Reader Has Achieved Sub 1 Second Fingerprint Match and Verification That Is Used to Validate the Identity of the Card User and Subsequently Activate Credit Cards EMV Chip

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