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

How To Feed The Fraud Fighting Machine
How To Feed The Fraud Fighting Machine
June 22, 2017  |  CEO Series

How do machines learn to learn? In Episode Three of PYMNTS’ machine learning podcast, Socure CEO Sunil Madhu and PYMNTS CEO Karen Webster get technical...

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Millennials Most Likely To Fall For IRS Scam
Millennials Most Likely To Fall For IRS Scam
April 27, 2017  |  Security & Fraud

Yes, phone scams are still a thing. In fact, data indicates that consumers will receive a combined nine billion calls from known scammers this year....

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Cybercriminals Are Buying Tax Info To Cash In On Fraudulent Refunds
Cybercriminals Are Buying Tax Info To Cash In On Fraudulent Refunds
April 07, 2017  |  Fraud Attack

Tax season is a busy time for cybercriminals, with consumers’ personal data being sold online so thieves can file fraudulent tax returns and cash in...

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EMV Pushes eCommerce Fraud Spike
EMV Pushes eCommerce Fraud Spike
March 30, 2017  |  Security & Fraud

The good news about EMV is that it has drastically dropped the instance for cloned-card fraud that was far more endemic in the mag stripe...

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CFPB Reports Consumers Complain About Disputed Credit Card Charges
CFPB Reports Consumers Complain About Disputed Credit Card Charges
March 29, 2017  |  Payment Methods

The Consumer Financial Protection Bureau released its monthly complaint snapshot Tuesday (March 28) in which it reported that consumers continue to report problems when trying...

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HSB Research Shows Heightened Concern Over Tax Fraud and Identity Theft
HSB Research Shows Heightened Concern Over Tax Fraud and Identity Theft
March 23, 2017  |  Security & Fraud

It’s that time of year — tax season is officially underway. Everyone in the country has either already filed or is busy preparing to file their...

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Identity Fraud In UK Reached All-Time High In 2016
Identity Fraud In UK Reached All-Time High In 2016
March 16, 2017  |  Security & Fraud

Cases of identity fraud in the U.K. reached an all-time high last year, with a record 172,919 identity fraud cases recorded in 2016. According to...

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Imposter Scams Bypass Identity Theft For First Time
Imposter Scams Bypass Identity Theft For First Time
March 06, 2017  |  Security & Fraud

Last year imposter scams bypassed identity theft for the first time as the second largest category of consumer complaints, according to the Federal Trade Commission’s...

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Symantec Completes LifeLock Buy To Counter Identity Theft
Symantec Completes LifeLock Buy To Counter Identity Theft
February 10, 2017  |  Identity theft

With Symantec Corp.’s completion of its acquisition of LifeLock, Inc., a leading provider of identity theft protection, it has created the most comprehensive consumer digital safety platform to help...

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