Identity Theft

Identity theft is the deliberate use of someone else's identity, usually as a method to gain a financial advantage or obtain credit and other benefits in the other person's name, and perhaps to the other person's disadvantage or loss.

Source: consumer.ftc.gov

Report: How Financial Scams Are Eroding Consumer Confidence and Financial Health
Report: How Financial Scams Are Eroding Consumer Confidence and Financial Health
October 23, 2024  |  Fraud Prevention

Financial scams have never been more prevalent, but quality data on the number of victims and scale of their losses remains limited. For consumer-facing financial...

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ID.me Seeks $1.8 Valuation As ID Theft Threat Grows
ID.me Seeks $1.8 Valuation As ID Theft Threat Grows
October 09, 2024  |  Authentication

ID.me is reportedly aiming for a $1.8 billion valuation in a share sale. As Bloomberg News reported Tuesday (Oct. 8), sources close to the matter...

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How to Stop Real Estate Fraud? Make Sure the Government-Issued ID Isn’t Fake
How to Stop Real Estate Fraud? Make Sure the Government-Issued ID Isn’t Fake
October 07, 2024  |  Authentication

The line from “The Godfather” rings true in the age of digital fraud and stolen identities: It’s not personal; it’s strictly business. A guiding principle...

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Businesses Race to Meet Federal ‘RealID’ Compliance Deadline
Businesses Race to Meet Federal ‘RealID’ Compliance Deadline
October 04, 2024  |  Identity

In an age where security is paramount and identity fraud is a growing concern, the Real ID Act stands at the forefront of a significant shift...

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Social Security Number Hack May Produce New Fraud Vector
Social Security Number Hack May Produce New Fraud Vector
August 18, 2024  |  Security & Fraud

Earlier this year, hackers stole the data of 2.9 billion people from a broker. Now, that breach threatens to usher in a wave of identity...

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Velera Debuts ID Verification Tool for Credit Union Members
Velera Debuts ID Verification Tool for Credit Union Members
August 01, 2024  |  Identity

Credit union service organization Velera has introduced an identity security/authentication tool. IDCheck by Co-op, announced Thursday (Aug. 1), is available to members of the Co-op...

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Security Summit Alerts Tax Professionals to Growing Threat of Identity Theft
Security Summit Alerts Tax Professionals to Growing Threat of Identity Theft
July 24, 2024  |  Security & Fraud

The Security Summit has issued a stern warning to tax professionals, urging them to heighten their awareness of indicators of identity theft as part of...

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The $400 Million Problem: Intellicheck CEO Details the Cost of Fake IDs
The $400 Million Problem: Intellicheck CEO Details the Cost of Fake IDs
June 26, 2024  |  Security & Fraud

Bryan Lewis, CEO of Intellicheck, has a stark take on just how severe the damage a fraudster can inflict with a few bits of information....

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Intellicheck CEO: Identity Validation Needs Simplicity as Account Takeovers Spike
Intellicheck CEO: Identity Validation Needs Simplicity as Account Takeovers Spike
May 21, 2024  |  Identity

Staying one step ahead of the bad guys is becoming more difficult by the day for financial services companies. For example, identity verification is a...

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