ID Experts has received a potential five-year, $400M blanket purchase agreement from the Office of Personnel Management to provide identity theft protection services to people affected by massive federal data breaches in 2015.
The company said Tuesday it will continue to provide ID and credit monitoring, insurance and restoration services using the MyIDCare software platform as part of the follow-on contract.
OPM selected ID Experts for a $330M BPA in September 2015 to help protect the financial identities of approximately 21.5M individuals whose data were stolen from a government background investigations database. The agency awarded another BPA the following year in response to a security breach of personnel records.
MyIDCare is a cloud-based technology designed to safeguard consumers from identity theft.