The newly formed Center for Identity Management and Information Protection will bring together government agencies, corporations and universities to study the evolving threat of identity fraud.

Based at Utica College in New York, the center will be funded with about $500,000 from a combination of grants and corporate donations. Both the Secret Service and Federal Bureau of Investigation will share information with the center, which is also backed by IBM Entity Analytics and LexisNexis. The center will integrate various public and private efforts to study the national-security implications and other threats posed by identity fraud.

Gary Gordon, a professor of economic crime management at Utica College, who has ties to federal agencies such as the Secret Service, which investigates financial crimes, will sever as the center's executive director. Gordon co-founded Utica's Economic Crime Institute, which CIMIP will fall under. He has been a senior research consultant with LexisNexis since 2002.

Estimates have put the cost of identity fraud to businesses alone at $50 billion each year, with about 4 percent of the adult population being affected annually. The center's Web site is located at www.utica.edu/academic/institutes/cimip/index.cfm.

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