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While surfing the 'net, I came across a report about the reduction of identity theft and identity fraud. Obviously, it caught my attention. Following, in part, is that report which was produced by Javelin Strategy & Research, and c

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

o-sponsored by CheckFree Corporation, Visa Card, and Wells Fargo & Co.

While identity theft remains a multi-billion-dollar problem for businesses, organizations, and individuals, incidents of the fraud dropped significantly last y

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

ear, according to a report.

Identity fraud occurring in the United States declined in 2006 by 12 percent over the year before, from $55.7 billion to $49.3 billion, according to the third-annual survey by Javelin Strategy & Researc

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

h. The survey, which involved 5,000 telephone interviews, estimated the number of victims dropped for the fourth consecutive year by about 500,000 to 8.4 million persons.

Researchers attributed the decline to better consumer educa

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

ion and awareness and increased use of online banking and financial sites that allow closer monitoring of accounts. "Businesses are doing a lot more, law enforcement is doing more, and so are consumers," said James Van Dyke, presid

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

ent of Javelin, a research company in Pleasanton, Calif., specializing in financial services and payments.

Tena Friery, research director at the Privacy Rights Clearinghouse, a nonprofit consumer organization in San Diego, said sh

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

e was surprised by the size of the decline but said there is much greater public awareness. "We still have a long way to go," she said.

According to the report, there was a significant reduction in fraudulent new-account openings,

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

traditionally one of the most common kinds of fraud. It occurs when a criminal uses a victim's personal data to open a new account.

The survey also found that it takes on average less time and expense to resolve a fraud case than

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

last year. When fraudulent accounts are opened, the average fraud amounts dropped from more than $10,000 in 2005 to $7,260 in 2006. Resolution times dropped from an average of 25 hours in 2005 to five hours in 2006.

Van Dyke said

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

one reason the numbers are down is that businesses are "screening account applicants much more closely." Individuals and consumer groups have long argued that extra screening was needed because conflicting application information

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

, such as two addresses, could indicate identity fraud.

One group that isn't doing better, according to the report, is 18- to 24-year olds. This age group was more likely to become a victim of identity theft than other age groups.

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

(See sure to read my related article, Your Child's First Year at College: Prime Target for Identity Theft?).

The report references offline criminal activities; however, I do believe that incidents of identity theft

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

have remained unchanged online. One example is stated above, with cybercriminals targeting recent high school graduates and college freshmen. Unfortunate victims, these graduates and college freshmen provide extremely lucrative opp

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

ortunities for the cybercriminals to obtain their personal information. Even before they start their first careers, these graduates and college students will, most likely, be crippled by identity theft.

To protect yourself, you ne

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

ed an internet security team of experts making sure that you, your family, and your business computer are always safe and secure. The best protection you can have in today's rapidly changing world of cyber-attacks is to have expert

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

support for all your Internet security needs that will provide technical support without any hassles and without charging you extra fees. It will become even more critical than it is today as time goes on. You need to find your ow

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

personal team of experts to rely on. If you ever have a security problem, you will want to have a trusted expert you can call for professional help, without any hassles and extra costs!

Because cybercriminals are becoming smarter

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

and more sophisticated in their operations, they are real threats to your personal security and privacy. Your money, your computer, your family, and your business are all at risk.

These cybercriminals leave you with three choi

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

ces:

1. Do nothing and hope their attacks, risks, and threats don’t occur on your computer.

2. Do research and get training to protect yourself, your family, and your business.

3. Get professional help to lockdown your syste

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

m from all their attacks, risks, and threats.

Remember: When you say "No!" to hackers and spyware, everyone wins! When you don't, we all lose!

© MMVII, Etienne A. Gibbs, MSW, The Internet Safety Advocate and Educato

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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