identity theft risk: 2017 Was the Worst Year for Identity Theft EVER!
- 09/26/18 07:34 AM
Javelin Strategy & Research recently released its Identity Fraud Study, and it revealed that the number of identity theft victims rose by 8% in 2017 when compared to 2016. That’s almost 17 million people, which is a record high. Despite more information and industry efforts to make people aware of these practices, $16.8 billion was stolen due to ID theft in 2016. The study also showed a shift in how ID theft fraud was being done. Credit card accounts were the most common targets for new account fraud, we also see that there is a big uptick in other accounts being targeted, … (4 comments)
#1 Put snail mail on hold. Crooks love to scavenge through overflowing mail boxes to seek out personal information to steal an identity. Prevent this by arranging the postal service to put a stop on your mail. #2 Clean up, thin out. It’s been said that the laws of physics are defied when a woman empties her purse. Before traveling, dump out anything and everything: drug prescriptions, old memos, business cards, even expired documents. A thief could use this information to steal your identity. #3 Be … (5 comments)
identity theft risk: Business Identity Theft; Big Brands, Big Problems
- 08/01/14 10:53 PM
Cyber criminals go after brand names like vultures, infiltrating company websites, hijacking mobile applications and tainting online ads, among other tricks. Some corporate websites aren’t as secure as business leaders think they are—and cyber thieves know this. They use the “watering hole” technique to infiltrate the system. Ever see an animal TV show in which the lions wait in the brush, camouflaged, for their unsuspecting prey to approach the lone body of water? You know the rest. Think of the company’s website as the watering hole. The company typically uses “landing pages” to entice people to their main site, but leave … (9 comments)
It’s classically challenging for many banks to assess how risk management practices affect the institution. However, banks that have worked at measuring the impact of a risk management program report favorable outcomes on financial performance. Survey Findings 97 percent of the respondents reported the bank has a chief risk officer in place or equivalent. 63 percent said that a separate risk committee on the board oversaw risks. 64 percent of banks that have the separate risk committee … (0 comments)
Dr. Gerald Barnes Gerald Barnbaum lost his pharmacist license after committing Medicaid fraud. He stole the identity of Dr. Gerald Barnes and practiced medicine under his name. A type 1 diabetic died under his care. “Dr. Barnes” even worked as a staff physician for a center that gave exams to FBI agents. He’s currently serving hard time. Mark Tufano Mark Tufano got his joy ride by impersonating famed actors like Gary Oldman, in which he sent a video of himself as Gary Oldman portraying Andy Kaufman; it fooled … (4 comments)
identity theft risk: Consumers worried about Identity Theft over Privacy
- 02/07/14 02:30 AM
A recent poll of 1,000 Internet users reveals that they’re very concerned about security threats to their personal and financial information. Users also believe that the feds should step up more to protect them.
80% are concerned that hackers will get into information they share. 16% are on edge that businesses will use data they share online to send out unsolicited ads to them. 75% are nervous their personal data will be hocked by hackers. 54% worry their browsing history will be monitored for targeted advertising. 57% have signed up for a two-step sign-in process. 83% have required a password … (1 comments)
Javelin Strategy & Research recently released its Identity Fraud Study, and it revealed that the number of identity theft victims rose by 8% in 2017 when compared to 2016. That’s almost 17 million people, which is a record high. Despite more information and industry efforts to make people aware of these practices, $16.8 billion was stolen due to ID theft in 2016.
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