Thursday, August 24, 2006

CORPORATE EXECUTIVES – THE COST OF PERSONAL SECURITY

One of KnightsBridge Castle's neighbors here in Woodside California is the CEO of Oracle, a leading database company and number 208 on the Fortune 500. In the CEO’s pay package at Oracle is a provision for $1,820,000 for personal security protection. Success in businesses presents new challenges, including the cost of personal information security and protection.

Corporate executives are often the target of identity thieves and occasionally very disturbed persons. Personal security, including identity information security, is of great concern to corporate executives. Executives are what financial planners call “high net worth individuals” and as such they are clear targets for all types of identity theft attacks, scams, and frauds.

Protective services for executives include risk reduction strategies. Some of these strategies are obvious – security cameras, fences at home, and occasionally body guards. Also included in protective services are strategies for increasing personal information security by minimizing or eliminating database entries for these executives. An active program of identifying information entries which pose a risk to security, and the removal of that information is a key part of the strategy. Home address, telephone number, email address, schedule, vacation home, credit records, property ownership records, mailing address, etc., are all eliminated or obscured from public view and in many cases even from private view by other businesses and even government.

A leader in providing executive protection services is Kroll. Kroll’s services are extensive and outstanding – however their comprehensive services are restricted to key employees of the major corporations. We at KnightsBridge Castle like the Kroll executive level services and consider their work excellent and their staff highly ethical.

KnightsBridge Castle offers many of these same personal information risk reduction services directly to consumers including both “high net worth individuals” and consumers struggling to make ends meet.

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