Tags: Identity Theft
Identity theft rings are in every state, victimizing approximately 10 million people a year.
In Wycoff NJ, 11 men and women were arrested on charges of stealing identities to open credit cards in an alleged scheme that is believed to have defrauded more than 70 victims.
Patch reports: “Credit cards were opened in the victims’ names, and charges were made on their behalf by “authorized buyers.” The task force investigation found that most of the victims had recently refinanced or applied through.”
In Tyler TX 45 people were victimized in a loan in an identity theft scam using loan fraud. KLTV reports “They had obtained information on citizens, names, date of birth, social security numbers and so on. Enough so that when they went online to these loan companies then they took out a loan in someone else’s name. Then, they went to a bank and opened an account in their true name and had that money wired to their account.”
- Protect themselves from account takeover by monitoring their accounts closely, protect their passwords, and refute unauthorized charges.
- Protect themselves from new account fraud by locking down their credit with a credit freeze or identity theft prevention services.
- Protect their devices with antivirus, antispyware, antiphishing and a firewall.
Identity theft will continue to plague citizens until smart systems are put in place to mitigate new account fraud and account takeover. Businesses are engaging an emerging device identification technology by Oregon-based iovation Inc. that spots cybercriminals by analyzing the reputation of computers and mobile devices used to connect to online businesses. They proactively investigate for suspicious activity and check for characteristics consistent with fraudulent users.
In one major case, iovation helped bust a fraud ring that victimized over 15 people where tens of thousands of fraudulent charges were racked up. The case started when a report of $5,000 in fraudulent credit card charges at a large electronics store and two department stores was reported. It just so happens that the credit issuer was using iovation to flag fraudulent credit card applications and tracking that back to the specific computers and mobile devices used. This information, combined with surveillance photos and other offline detective work, provided the perfect blend of digital and physical data that law enforcement needed to bust the crime ring.
ROBERT SICILIANO, CEO of IDTheftSecurity.com is fiercely committed to informing, educating, and empowering Americans so they can be protected from violence and crime in the physical and virtual worlds. His "tell it like it is" style is sought after by major media outlets, executives in the C-Suite of leading corporations, meeting planners, and community leaders to get the straight talk they need to stay safe in a world in which physical and virtual crime is commonplace. Siciliano is accessible, real, professional, and ready to weigh in and comment at a moment's notice on breaking news.
- Country Overrun By Identity Theft Ring
A week’s worth of news reports shows law enforcement all over the country are battling identity thieves who are stealing our personal information and opening various accounts under our names or taking over existing accounts. From every corner of the U.S. from Ft Lauderdale to Anchorage and San Diego to Queens, busts are happening but
- Florida Retirees Frequent Identity Theft Targets
A lot of Floridians are retirees who spend their days around the pool or at the beach. The warmer weather attacks both golden agers and unfortunately identity thieves. Criminals know that retirees have money in the bank, retirement accounts and credit cards with high limits. TechNewsDaily reports, “On a per capita basis, 361 Floridians out of
- Identity Theft Credit Card Security
Robert Siciliano Identity Theft Expert Credit card fraud comes in two different flavors: account takeover and new account fraud. Account takeover occurs when the identity thief gains access to your credit or debit card number through criminal hacking, dumpster diving, ATM skimming, or perhaps you simply hand it over when paying at a store or restaurant.
- Credit Card Fraud Really Isn’t Identity Theft
With the holiday shopping season and after holiday season sales over, it’s time to review our credit card statements and make sure that everything that is on there was something you purchased. With most of us using our card a lot more during this time, there’s more chance of fraud or identity theft. When most of
- Big Time Black Market For Your Credit Cards
WE DO NOT SELL DUMPS. DO NOT EMAIL OR CALL WE DO NOT SELL DUMPS There is an entire underground black-market out there hacking, buying and selling your information to steal your identity. The most sought after data is your credit card numbers. “Carders” are the criminals who buy and sell “dumps,” which are large quantities of credit