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

Unemployment Fraud In Michigan Could Bump Legit Jobless Claims
Unemployment Fraud In Michigan Could Bump Legit Jobless Claims
May 29, 2020  |  Security & Fraud

Unemployed Michigan residents ought to be wary of a scam in which fraudsters are using stolen personal information to apply for unemployment benefits, according to...

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FTC: Active Duty Troops 76 Pct More Likely To Report Identity Theft
FTC: Active Duty Troops 76 Pct More Likely To Report Identity Theft
May 21, 2020  |  Security & Fraud

Active-duty service members are 76 percent more likely to report identity theft than most people, according to data from the Federal Trade Commission (FTC). The...

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How PNC Is Fighting Pandemic-Fueled Financial Crime
How PNC Is Fighting Pandemic-Fueled Financial Crime
May 21, 2020  |  Fraud Prevention

Financial crime is a never-ending concern for banks, credit unions (CUs) and other financial institutions (FIs), with trillions of dollars and untold terabytes of personal...

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Enlisting AI And Biometrics In The Fight Against Digital Identity Theft
Enlisting AI And Biometrics In The Fight Against Digital Identity Theft
May 18, 2020  |  Authentication

One of the coronavirus pandemic’s less-anticipated consequences in the U.S. has been an escalation in fraud and identity theft. The Federal Trade Commission (FTC) estimates...

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A Digital ID Fix For Online Estate Planning
A Digital ID Fix For Online Estate Planning
May 15, 2020  |  Authentication

Estate planning has historically meant knocking on an attorney’s door and filling out paperwork. Laws requiring consumers to have in-person meetings and submit physical ID...

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Using AI And Biometrics To Digitize Estate Planning
Using AI And Biometrics To Digitize Estate Planning
May 14, 2020  |  Authentication

The COVID-19 pandemic has triggered an uptick in digital fraud and identity theft, with 18,235 pandemic-related fraud reports received by the Federal Trade Commission (FTC)...

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Deep Dive: Why New Hacking Technology Has Made Application Fraud More Difficult To Fight
Deep Dive: Why New Hacking Technology Has Made Application Fraud More Difficult To Fight
March 27, 2020  |  Fraud Prevention

The financial industry is particularly vulnerable to digital fraud. Untold trillions of dollars cycle between financial institutions (FIs) and customers around the world every day,...

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Wawa Says Thousands Affected By Data Breach
Wawa Says Thousands Affected By Data Breach
December 20, 2019  |  Security & Fraud

Gas station and convenience store chain Wawa said it discovered a data breach in which thousands of customers’ debit and credit card information was stolen,...

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Deep Dive: Clean And Friendly Fraud Play Dirty
Deep Dive: Clean And Friendly Fraud Play Dirty
December 20, 2019  |  Fraud Prevention

Fraud comes in many forms, and the fight against it never ends. Fraudsters pretending to be someone else generally take one of two approaches: They...

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