Press Releases

Guard ID Systems Protects Consumers From Online Fraud With $1 Million Guarantee

ID Vault, the first hardware-based Internet security device that protects consumers against online identity theft, is backed by an industry-leading guarantee

SAN MATEO, Calif. – September 18, 2007 – Guard ID Systems, Inc., the pioneer of hardware-based security for online transactions, today announced that its ID Vault 2008 is backed by a $1 million guarantee.

Americans are banking and shopping online in record numbers. More than 40 million American households now bank online, and online retail sales are expected to top $259 billion in 2007. These numbers have spawned a new breed of cyber criminals who use increasingly more sophisticated techniques aimed at stealing money from consumers’ bank accounts, credit cards and investment accounts.

While every security company claims it protects consumers’ personal information, only Guard ID Systems, makers of ID Vault, actually backs up its claim with a $1 million guarantee against losses resulting from online identity theft. Consumers can now bank, shop and invest online with total confidence, knowing that even if their personal information were stolen while using ID Vault, GuardID will reimburse them for any losses up to $1 million.

“We are so confident that ID Vault 2008 will protect consumers from online identity theft and fraud, that we put our money where our mouth is, and will refund any losses consumers incur, up to one million dollars, when using ID Vault,” said Jerry Thompson, CEO of Guard ID Systems. “The hardware and software combination of ID Vault provides a level of security that software-only solutions just can’t provide. If you use ID Vault, you are covered. Period.”

Based on proven Smart Card technology, ID Vault securely encrypts and stores usernames and passwords on a removable USB device that plugs into any Windows-based PC, ensuring sensitive account sign-in credentials are never on the desktop, where they can be stolen using key logging software and other spyware. To thwart phishing and pharming attacks, Guard ID monitors more than 7,000 financial Web sites and 500 top shopping sites in the ID Vault Trusted Network, checking and validating IP addresses and sign-in protocols on a daily basis.

“Rather than attacking hardened corporate networks, today’s cyber thieves focus on stealing from the average consumer when shopping or banking online,” said Thompson. “Yesterday’s hackers have been replaced by today’s online purse snatchers. Fortunately, ID Vault protects you from them all.”

For complete information about the ID Vault $1 Million Guarantee, visit www.guardid.com/guarantee.

About Guard ID Systems
Guard ID Systems, Inc., headquartered in San Mateo, CA, develops and markets ID Vault, the first hardware-based security product that protects consumers against online identity theft and fraud when they bank, shop and invest online. ID Vault has a suggested retail price of $49.99, and is available at major retailers nationwide including Best Buy, CompUSA, Fry’s Electronics, OfficeMax, QVC, Sam’s Club, and Amazon.com. Visit www.idvault.com for more information.

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ID Vault is a trademark of Guard ID Systems, Inc. All other trademarks are the property of their respective owners.

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Greg Marek, Vice President of Marketing
(650) 286-9440