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 Rolls Out Scan To Detect Child Identity Theft
Experian Rolls Out Scan To Detect Child Identity Theft
August 27, 2018  |  Security & Fraud

To help parents protect against child identity theft, Experian is rolling out a Child ID scan. The service comes as 1 million children had their...

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Allstate To Acquire Employee ID Protection Co InfoArmor For $525M
Allstate To Acquire Employee ID Protection Co InfoArmor For $525M
August 27, 2018  |  Partnerships / Acquisitions

To help address emerging risks facing consumers, The Allstate Corporation said it has agreed to buy identity protection provider InfoArmor, Inc. The deal, a $525...

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New Facial Recognition Tech Catches Traveler Imposter at U.S. Airport
New Facial Recognition Tech Catches Traveler Imposter at U.S. Airport
August 24, 2018  |  Identity theft

Facial recognition technology helped U.S. border agents catch a traveler posing as a French citizen — and did so on the third day that authorities were...

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Jumio On The Laws Of Big (Scary) Data Breach Numbers
Jumio On The Laws Of Big (Scary) Data Breach Numbers
August 21, 2018  |  Data Drivers

To take a line from the Queen of Soul, Aretha Franklin: Every chain has got a weak link. When it comes to the bond between...

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Businesses Can Have Their Identities Stolen, Too, Experts Warn
Businesses Can Have Their Identities Stolen, Too, Experts Warn
June 14, 2018  |  B2B Payments

Identity theft is an unfortunately reality for more consumers as data breaches continue to rock the market. Research from Auriemma Consulting Group estimates that identity...

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Trulioo GM: The Challenges Of GDPR’s Disappearing Data Act
Trulioo GM: The Challenges Of GDPR’s Disappearing Data Act
May 24, 2018  |  Security & Fraud

As the age of GDPR dawns, consumers have the power to ask that their info be erased. Firms are ready or not, and Trulioo GM...

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Jumio CTO Paints A Portrait Of ‘IDV Nirvana’
Jumio CTO Paints A Portrait Of ‘IDV Nirvana’
May 15, 2018  |  Security & Fraud

“On the internet, nobody knows you’re a dog.” It was the original internet meme, more than two decades before the term “meme” would even be...

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Finding Value While Fending Off Threats
Finding Value While Fending Off Threats
May 11, 2018  |  Today In Data

For years, it seemed every payments prestidigitator was predicting an imminent mobile disruption. After a run of false starts, the digital revolution is finally upon us....

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New Medicare Cards Are Hitting Mailboxes along the East Coast
New Medicare Cards Are Hitting Mailboxes along the East Coast
May 09, 2018  |  Fraud Prevention

The new Medicare cards are on their way to consumers, a process that includes giving users of the health payment service numbers that differ from...

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