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

Millions Of Health Records Compromised In Quest Hack
Millions Of Health Records Compromised In Quest Hack
June 03, 2019  |  Security & Fraud

Patient records numbering around 11.9 million were compromised and exposed in a data breach of an agency that collects money for Quest Diagnostics and UnitedHealth...

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Mastercard Launches New SMB Card Rewards
Mastercard Launches New SMB Card Rewards
May 02, 2019  |  Mastercard

The main challenge of designing a holistic solution for the small business (SMB) community is that it’s a diverse segment, making it particularly hard to...

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Millions Of Americans Could Have Data Leaked Via Exposed Database
Millions Of Americans Could Have Data Leaked Via Exposed Database
April 30, 2019  |  Security & Fraud

Security experts have discovered an online, unprotected database that stores the personal data of 80 million American households. Not only does the data on the...

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Data Dive, Criminality Edition: Fingerprints And Wire Fraud And Money Laundering (Oh My!)
Data Dive, Criminality Edition: Fingerprints And Wire Fraud And Money Laundering (Oh My!)
April 15, 2019  |  Data Dive

Not every innovation is a good innovation. Some, like the pet rock, are merely fads. Others, like the iPhone, are change-the-world impactful. Then there are...

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A Marketplace For Stolen Fingerprints Has Emerged
A Marketplace For Stolen Fingerprints Has Emerged
April 09, 2019  |  Security & Fraud

Security researchers at Kaspersky Lab revealed at the Kaspersky Security Analyst Summit in Singapore that a dark net marketplace in which hackers are selling digital...

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982M Email Accounts Leaked From Online Database
982M Email Accounts Leaked From Online Database
March 29, 2019  |  Security & Fraud

Close to 1 billion email accounts were leaked by a marketing company in what some researchers are calling the “biggest and most comprehensive email database”...

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Supremes Take On ID Fraud, Undocumented Immigrants
Supremes Take On ID Fraud, Undocumented Immigrants
March 18, 2019  |  Legal

The U.S. Supreme Court has agreed to hear arguments over states’ ability to prosecute illegal immigrants for identity theft if they use someone else’s Social Security...

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When Synthetic IDs Are As Good As The Real Thing
When Synthetic IDs Are As Good As The Real Thing
March 01, 2019  |  Fraud Prevention

It’s no secret that digital criminals are becoming more sophisticated. So are the fraud defenses deployed by merchants, payment service providers and financial institutions. But...

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Equifax Chief Hit By Identity Theft Three Times
Equifax Chief Hit By Identity Theft Three Times
February 28, 2019  |  Security & Fraud

Equifax CEO Mark Begor revealed that he has been the victim of identity theft three times in the past 10 years during a privacy hearing...

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