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

BREAKING: TransUnion Releases New Data On Identity Theft, Fraud
BREAKING: TransUnion Releases New Data On Identity Theft, Fraud
January 25, 2017  |  Security & Fraud

As fraud and identity theft continue to evolve and become more sophisticated threats, TransUnion announced the launch of its new suite of solutions to help...

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The More Social You Are Online, The Higher The Likelihood Of Identity Theft
The More Social You Are Online, The Higher The Likelihood Of Identity Theft
October 11, 2016  |  Security & Fraud

ID Analytics, a consumer risk management company, announced on Monday (Oct. 10) that, based on a new study, there is a direct correlation between a...

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DOJ Shuts Down Identity Trafficking Scheme
DOJ Shuts Down Identity Trafficking Scheme
August 11, 2016  |  Security & Fraud

The Department of Justice announced on Wednesday (Aug. 10) that a suspect accused of taking part in an identity trafficking scheme that involved identity document...

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Virginia Man To Serve 4 Years For ID Fraud Scheme
Virginia Man To Serve 4 Years For ID Fraud Scheme
July 07, 2016  |  Security & Fraud

A Virginia man was sentenced to 47 months in prison on Wednesday (July 6) by a federal district court for his role in a massive...

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New Tool To Help Consumers Battle Identity Theft
New Tool To Help Consumers Battle Identity Theft
June 07, 2016  |  Security & Fraud

A new mobile app from identity theft protection company IDShield was released on Monday (June 6) and aims to help consumers by putting information and...

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Breaking The Fraud Piece Of The Payments Puzzle
Breaking The Fraud Piece Of The Payments Puzzle
May 17, 2016  |  Security & Fraud

Whether we like it or not, fraud and identity theft play a significant role in the payments ecosystem. Unfortunately for both consumers and payments players...

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Loan Company Employee Got $400K From Stolen Identities
Loan Company Employee Got $400K From Stolen Identities
March 26, 2016  |  Security & Fraud

A loan company employee has pleaded guilty to stealing identities of several customers and fraudulently seeking $400,000 in tax returns. According to court documents, Montgomery,...

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Debt Collection Tops ID Theft On FTC Complaint List
Debt Collection Tops ID Theft On FTC Complaint List
March 02, 2016  |  Security & Fraud

Among the key subjects of complaints that washed over the Federal Trade Commission’s Consumer Sentinel Network last year included debt collection, identity theft and scams...

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