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

Experian Sued For Credit Scammer ‘Negligence’
Experian Sued For Credit Scammer ‘Negligence’
July 23, 2015  |  News

The credit bureau is being sued for allegedly overlooking the fact that a scammer who resold consumer data through a criminal service was a customer...

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What’s The IRS Keeping Secret In Tax Fraud Attacks?
What’s The IRS Keeping Secret In Tax Fraud Attacks?
May 01, 2015  |  News

Research shows there is an influx of fraudulent tax returns filed by criminals using stolen identities. While recent consumer protection rules aim to prevent this,...

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2014 Brought $16 Billion In ID Theft Fraud
2014 Brought $16 Billion In ID Theft Fraud
March 04, 2015  |  News

$16 billion was stolen from 12.7 million identity fraud victims in 2014 — and that was an improvement, according to a Javelin Strategy study released...

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Identity Theft Victims Undergo Avalanche Of Headaches
Identity Theft Victims Undergo Avalanche Of Headaches
December 15, 2014  |  News

Even for identity theft victims who have paid for credit monitoring, recovering from such an attack can take months of non-reimbursed efforts to repair credit...

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