IdentityMate is a creative identity risk management company, providing solutions to both consumers and businesses. There are many identity management challenges facing business executives these days which require creative solutions to be effective and efficient. The challenges must be carefully assessed to assign priority and select appropriate solutions. Identity risks like all other risks can be ignored or dealt with in accordance with our risk tolerance, assigned priority, budgets and resources. Many factors contribute to our identity risk management and decision making processes including awareness of consequences such as tarnished corporate image, competitive disadvantage, lost revenues, and penalties from regulatory violations such as fines and jail time.

One of the emerging identity risks is identity theft with dire consequences of fraud and privacy disclosure. We have become an identity obese society and as we continue to acquire and accumulate more personal information, we collectively lack the understanding of the risks as well as our obligations for protecting the personal information of our families, employees and clients. Consumers and businesses are disconnected from each other and lack the understanding of their rights or obligations, thus creating challenges that affect both the consumers and the companies in terms of their credit worthiness, quality of life, credibility, and financial or emotional positions. Although some security and privacy laws address the rights of consumers and obligations of businesses, these laws are neither comprehensive, nor very clear and centralized, however, they still need to be complied with to the extent of the regulated environment in which businesses operate.