U.S. consumers have finally been liberated from archaic technology that used to protect them and their credit cards from identity theft. Millions of Americans now have chip-enabled credit cards, and the results of this sweeping change are in. An estimated 13 million consumers fell victim to identity theft fraud in 2015, according to Javelin Strategy and Research’s latest annual Identity Fraud Study. That represents a small (3%) increase over the firm’s 2014 findings, but a more […]
Reports of identity theft shot up in 2015, largely driven by an increase in tax- and wage-related fraud, according to the Federal Trade Commission. People made 490,220 identity theft complaints to the FTC in 2015, up from 332,647 (a 47% increase) in 2014 and 290,102 in 2013. From 2014 to 2015, there were 51% more complaints related to tax and wage identity theft, which isn’t all that surprising. All thieves need is a Social Security number […]
Your Uber account is about 17 times more valuable to a hacker than your credit card credentials, according to a report security company Trend Micro compiled for CNBC. They found that stolen Uber credentials sell for an average of $3.78 per account on underground online marketplaces, while bundles of credit card data are sold for 22 cents, at most. Lots of accounts are more valuable than credit card info. PayPal accounts with a guaranteed balance […]
When you decide to work with a professional tax preparer, you’re trusting that person with your most sensitive personal information. As a quick Internet search for “tax preparer fraud” shows, those people abuse that information from time to time. For example, at the very end of 2015, a former tax preparer in Arkansas pleaded guilty to charges associated with a tax fraud and identity theft scheme that involved filing false tax returns using stolen names, […]
While the concept “forewarned is forearmed” is true for every day of the year, it’s particularly true during the holidays. December is the time when most of us focus less on our day jobs and more on family, friends, gift giving and celebration. The holidays are a cause for celebration by scammers, phishers and identity thieves for a very different reason. Because we are their day jobs, our joyful distraction provides them bountiful opportunities to […]
Given all of the big-name data breaches that have occurred during the past few years, there’s a good chance your personal or payment information has been compromised. There’s also a chance you’ve been offered some type of identity protection, usually in the form of free credit monitoring, by the company that suffered the breach. But how much (and what type of) protection are they legally required to provide? Well, chances are, the answer is zero. The […]
The holiday season is a busy time of the year for identity theft and other kinds of identity-related fraud. Scams abound, but if you follow a few simple rules, you can sidestep some avoidable holiday blues. There is so much personally identifiable information floating around — readily available on the dark web where information black markets thrive — that it truly is a wonder more people are not becoming victims. That said, Javelin Strategy and […]
Two years ago, hackers planted malware in Target’s point-of-sale system and stole 40 million credit card and debit card numbers, in addition to 70 million names, addresses, email addresses and phone numbers of Target shoppers. Worse data breaches have occurred since then, but because the Target breach happened during the Black Friday weekend and early December, it will long be associated with the security risks of holiday shopping. Those risks are present when you shop in […]
Adam Levin discussed some tips to help consumers minimize their risk of fraud and identity theft this holiday season on Fox & Friends, as well as his new book Swiped: How to Protect Yourself in a World Full of Scammers, Phishers, and Identity Thieves. To find out more about Swiped, click here.
Adam Levin talked about his book Swiped: How to Protect Yourself in a World Full of Scammers, Phishers, and Identity Thieves, in which he reports on the personal data collected by corporations and the subsequent increase in identity thief. See the interview here.