The company does this by analyzing the data inside something it calls the "ID Network." This is a gigantic database that contains information from participating credit card companies, financial institutions, telecom companies, retail lenders, government agencies and, soon, health care agencies. ID Analytics started the ID Network about four years ago. It now contains more than 3 billion "identity elements" that cover where and how personal details have been used over time, Cook said.
Sounds almost spooky. Of course, they claim to have very tight security and strict policies on the use of the private data. Let's just hope they don't lose a laptop too. Will identify scanning become commonplace? Every bank or credit card company now seems to offer some form of fraud monitoring, and people are becoming more concerned over this time of crime.