Industry News

Groups collaborate on standards to measure identity fraud

Edentify teams with New Jersey Institute of Technology

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Edentify Inc. and the New Jersey Institute of Technology announced that they have teamed up to create industry standards for measuring identity fraud, a growing problem connected with financial crimes. The groups aim to enhance security for all areas of identity usage, including national security, banking, retail and healthcare. By combining efforts, the groups "hope to get one step closer to fulfilling our objective of enhancing the industry's ability to snuff out identity fraud. Additionally, we feel that this a great opportunity for Edentify to offer these students real-world experience that they can use after graduation to help fight the nation's most prevalent crimes," Terrence DeFranco, CEO of Edentify, said. Edentify is partnering with NJIT though its Capstone Program, in which computer science students integrate real-world experience with academic experience by designing and implementing software products or other computing services for a sponsoring company. Since the program's...