PYMNTS-MonitorEdge-May-2024

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

In Battling Identity Fraud, Finding The (Synthetic ID) Devil Behind The Details
In Battling Identity Fraud, Finding The (Synthetic ID) Devil Behind The Details
February 06, 2018  |  Security & Fraud

Millions of people are victim of identity theft each year. Post Equifax breach, the numbers will swell. The fraudsters are ever resourceful, picking and choosing...

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Personal Identity Dealer Arrested In Canada
Personal Identity Dealer Arrested In Canada
January 18, 2018  |  Security & Fraud

The man behind LeakedSource.com has been arrested in Canada. According to The Hacker News, Canadian authorities arrested 27-year-old Jordan Evan Bloom in late December 2017...

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Why Collection Notices Are 2018’s Tipoff To Digital ID Fraud
Why Collection Notices Are 2018’s Tipoff To Digital ID Fraud
January 04, 2018  |  Security & Fraud

In the annals of fraud — payments fraud and identity theft and all manner of bad doings — 2017 may be a year we’d all...

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Being Hacked, Having Identity Stolen Top Americans’ Feared Crimes List
Being Hacked, Having Identity Stolen Top Americans’ Feared Crimes List
November 13, 2017  |  Security & Fraud

What worries Americans more than cybercrime? Maybe nothing. A recent Gallup poll published last week (Nov. 6) has found that in the United States, individuals are more fearful...

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Securing Consumer Data Beyond The SSN
Securing Consumer Data Beyond The SSN
November 06, 2017  |  Security & Fraud

How do you build a real, resilient and robust standard of best practices in data security? And how do you do it when just about...

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The FTC On Identity Fraud’s Biggest Threat
The FTC On Identity Fraud’s Biggest Threat
October 30, 2017  |  Security & Fraud

In one of the more unfortunate examples of practice making perfect, fraudsters are getting better at what they do. According to the latest edition of the...

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Visa And Mastercard Warn Of 200K Vulnerable Credit Cards From Equifax Leak
Visa And Mastercard Warn Of 200K Vulnerable Credit Cards From Equifax Leak
September 15, 2017  |  Security & Fraud

Visa and Mastercard are warning financial institutions across the country that more than 200,000 credit cards were compromised during the Equifax hack. KrebsOnSecurity broke the...

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Synthetic Identity Theft On The Rise
Synthetic Identity Theft On The Rise
September 14, 2017  |  Security & Fraud

A new type of credit card fraud is emerging, dubbed “synthetic identity theft.” In instances of synthetic identity theft, cybercriminals create new identities to credit...

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Equifax Blames Flaw In Database Software For Breach; Backlash Mounts From Consumers, Lawmakers
Equifax Blames Flaw In Database Software For Breach; Backlash Mounts From Consumers, Lawmakers
September 11, 2017  |  Safety and Security

Equifax, the credit scoring company that suffered a data breach that impacted as many as 143 million Americans, is blaming a vendor software flaw in...

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