Market intelligence firm CB Insights has announced this year’s nominees to its “Fintech Hall of Fame,” and the list includes Breach Clarity co-founder and CEO Jim Van Dyke, who was nominated for a “2020 All Star Award.” Winners will be announced at CB Insights’ annual Future of Fintech conference, which will be held virtually Nov. 16 -18, 2020.
After years advising legal teams as an expert witness for some of the nation’s most high-profile data breach cases, Van Dyke’s ingenuity and market intuition led him to operationalize his proven legal analysis methods into the patent-pending algorithm that underpins Breach Clarity’s products today. It fulfills a significant market need to help banks and credit unions protect consumers’ financial health and increasingly valuable identities.
The Breach Clarity algorithm assesses more than 1,300 data points in every publicly-reported data breach, predicts the unique fraud risks, and recommends the most pertinent protective actions.
Earlier this year, in quick response to the global pandemic and predicted increase in cybercriminal activity, Van Dyke and Breach Clarity launched a fast-deploying version of its product for financial institutions. PremiumNOW offers banking customers immediate access to data breach details when their information is compromised, and personalized recommendations to protect their financial accounts.
In September, Finovate recognized Van Dyke and Breach Clarity's team of purpose-driven data security and research experts for what they deemed cutting-edge technology, naming Breach Clarity the 2020 Top Emerging Tech Company.
“Jim’s passion and commitment are evident through the lens that he views our massive data breach problem: How to most effectively help the most people. He understands how devastating the consequences can be, and is dedicated to reducing the damage and empowering people and institutions with accurate, timely and actionable information,” said Ellen Richey, member of the Breach Clarity board of advisors and former vice chairman and chief risk officer for VISA.
Van Dyke serves as a board member for the Identity Theft Resource Center and is a former board member of the U.S. Consumer Financial Protection Bureau (CFPB). He has presented before the US House of Representatives, FDIC, House Ways and Means Committee, at countless industry events and is a frequent data breach subject matter expert for media.