Consumer

Consumer

HOW IT WORKS

1.  SignUp                                                                  3.  Wait for Admission to Ginicoe Family by email. 

2.  Receive Your Social Justice Rating (SoJOR)       4.  Use your credit & debit cards everywhere-all                                                                                                the Time.                                                                                                                                                                                                                

What's In It For You, the Consumer:

     Once you are approved to become a member of our family then your unique facial image will electronically be transmitted Everywhere - All the time where ever you conduct your business. Thus, your

- Your credit score and hard work are protected.

- The merchant is protected from stolen goods and services and chargebacks.

- Your bank is protected from laborious manhours investigating fraud disputes. 

- You can sleep easy knowing that we use military-grade encryption to protect your data.

- You can sleep easy knowing that we will never ever sell your data.

- You can sleep easy knowing that you can voluntarily opt in or voluntarily opt out anytime you choose. (This will reduce your SoJOR)

- You can sleep easy knowing that you can delete your account with us anytime you choose.  (This will reduce your SoJOR)

- You can sleep easy knowing that you have full control over your data.

- You are proactively making our Country a more perfect Union. 

     Put another way, even if your identity suffers from a data breach that was the merchant's fault resulting in the bad guys now having your pedigree data e.g. DOB, SSN, Address, etc. The bad guys still can not use your cobbled data. Why? Because they have a better chance of winning the lottery than looking exactly like you. Thus their pilfered data of you is rendered useless. ONLY you can use your data and facial image!

Our patented product(s) [1] operate within six (6) channels:

Physical Point of Interaction Stores           Mobile Channel               eCommerce online web portals

Desktop & Kiosk Bank Branches               Voice Call Center            Chat Bot   

Consumer Spending – Your spending - is about seventy percent (70%) of the U.S. Gross Domestic Product (GDP). That makes you very powerful. Identity Fraud cost $40 Million to U.S. Victims for a combined $43 Billion in 2022. Your power is under attack.  What with all the other Life Losing product(s) out there and none of them working, it is time for a cradle-to-grave solution to help all of us. 

Identity theft is a global problem. It erodes income and exacerbates income inequality. In 2016, the last year of national identity theft data released by the Bureau of Justice Statistics (BJS), about 26 million Americans reported identity theft.  In 2021 (5yrs later) about 42 million Americans were victims of identity fraud, costing consumers $52 billion in total losses, according to a detailed report produced by Javelin Strategy & Research.  

White, high-income earners — households making over $75,000 a year — had a higher prevalence (about 71.4%) of identity theft than P52 people making less money. Targeting whites is easy because four out of five whites live outside of the cities and 86 percent of whites live in neighborhoods where P52s make up less than 1 percent of the population. In contrast, 70 percent of P52s live in the cities or inner-ring suburbs.

To reduce targeted identity theft and income inequality we must integrate housing!

To reduce political violence we must integrate housing.

A study by researchers at the University of Alabama at Birmingham, published in 2010, also found that white consumers were overwhelmingly more likely to experience existing credit card fraud than the other types.

This increase was driven by growth in both existing non-card fraud and account takeover (ATO) fraud.

What is Account Takeover Fraud (ATO)?

It is a form of identity theft, wherein a bad actor gains access to a registered customer's account. The cost of account takeover fraud tripled in2017, reaching an estimated $5.1 billion in the United States alone.  This represents a 120 percent increase from 2016.[2] According to the Federal Trade Commission data, instances of fraud and scams, including ATO, rose by 49 percent compared to 2021, resulting in consumers losing nearly $8.8 billion.

     ATO costs consumers to pay an average of $290 in out-of-pocket costs and spend 16 hours on average to resolve. 40% of victims also experienced identity theft due to an ATO. This translates to more than 62.2 million hours of time consumers lost in reactive mode trying to repair their credit and good name. SignUp with Ginicoe to prevent (not react to) this increasing fraud that has harmed about 77 million adults.

Consumers may have ATO exposure to these and other accounts:

401(k) accounts                                     Medical Identity Theft

Auto line of credit                                   Mobile Phone Account Hijacking

Bond trading                                          Mortgage line of credit

Checking accounts                                Patient medical records

Credit card accounts                             Savings accounts

Debit card accounts                              Stock trading

Deed ownership                                    Title Ownership

Document fraud                                     Utility fraud

Government benefits fraud                    Voter fraud

     When someone takes over your account, they gain access to your money and can change your security questions and passwords.

     This may cause financial loss of money, your good credit score, and days off from work to fix, costs to fax, mail and delivery expenses, notary costs, legal fees, reputational harm, late bill payments, late fees, over the limit charges, and more.

What is New Account Fraud (NAF)?

This form of identity theft occurs when a fraudster or money mule has been successfully onboarded by a financial institution after applying using their own identity (Their face), and a stolen identity (your data) or a synthetic identity (your data cobbled together with fake data). With the surge in data breaches today, this data is easy for bad actors to find.  In 2022, the number of reported NAF rose to nearly 111,000, a significant increase from 84,000 in 2021.

     For example, Social Security numbers were compromised more than credit card numbers in data breaches. This was largely a result of the Equifax data breach, which exposed over 150 million American’s PII. That is half of America. Moreover, little or nothing has been done to stop it from happening again. Equifax still enjoys large government contracts.

NAF has historically been one of the most difficult types of fraud to resolve. SignUp today to prevent this from happening to you!

Consumers may have a false sense of prevention with these and other shiny new security products:

3-D secure                                           Encryption

Account Alerts                                      Face ID

AMEX SafeKey                                    MasterCard Secure

Anti - Virus                                           Screen Lock

Artificial Intelligence                            Security Freeze

Avoid Public Wi-Fi                               Selfie-Pay

CFPB now is defunded                       Two-Factor Authentication

Chip-n-PIN                                          Verified by Visa

EMV                                                    VPN

     All of the above fail to PREVENT a bad person from opening up a new or intermediary account in your good name. New account fraud has occurred with PayPal, Amazon Premier, Google Wallet, Wepay, 2Checkout, Authorize.net, skrill, Intuit, Propay, WeChat, and others.  

What is Synthetic ID Fraud?

It involves bad actors using a combination of fake information, such as a fictitious name, and real data, like a child’s Social Security number, to create fraudulent accounts.

     Consumers may suffer physical hardship when you or your child’s PII is cobbled together with fake stuff to create a fictional character. 

This involves fraudsters using a combination of this and other stuff:

A phantom                                                            Phony birth certificate

An apparition                                                        Phony driver’s license

Child’s social security number                              Piggybacking onto an good account

Deceased date of birth                                         Real address to receive bad mail

Decoy                                                                   Real data

Doppelganger                                                      Second cousin to harvey the rabbit

George Kaplan of North by Northwest                 Stolen social security number

Made up or fake name                                         Your house address

Peter stevens of shawshank redemption             Your good name

      When someone weaves your PII with fake data to creates a ghost person, this may cause you lost of sleep, irritation, mistaken identity, False arrest, false imprisonment, and even medical identity fraud and incorrect diagnosis and treatment. This is alarming.

     We can eliminate the global problem of identity theft and attack income inequality one Country at a time starting with your U.S. enrollment. SignUp today to prevent this from happening to you! 

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1.  Additional Patents may be pending in the U.S. and other Countries.

[2] Javelin’s 2018 Identity Fraud Report