The idea that your identity is in jeopardy seems crazy to most folks. Most of the time, people don’t even think about someone trying to steal their identity.Continue reading Learn to Distinguish Identity Theft and How to Prevent It
When we think of traveling for vacation and staying in a nice hotel, the thought of identity theft and our personal information being stolen rarely crosses our mind. Unfortunately, that’s exactly what happened to 10-million visitors of the MGM Grand Hotel and Casino. A recent data breach of the establishment’s information gave hackers a deep insight into the transactions and personal details about recent clients and visitors that stayed at the establishment.Continue reading The MGM Grand Hotel and Casino Data Breach: What You Need to Know
Babatunde Olusegun, a resident of St. Louis, was sentenced to jail for the crime of stealing US Citizen’s details. He will spend four years behind the bar. The perpetrator used the details to file fake tax return claims. He made this a success through the use of information leaked in various incidences.Continue reading Man in Jail for IRS Tax refund Scam
If you think that Experian is keeping your personal data safe, then think again. The credit reporting agency experienced a data breach in 2017 that affected over 147 million people. When a large corporation like Experian allows its servers to be hacked or otherwise compromised, it puts their customers at risk for fraud and identity theft. That’s why the Federal Trade Commission is requiring the company to pay a settlement to those whose data was breached.Continue reading Equifax Breached And You May Be A Victim
In the first 6 months of 2019, the number of data breaches rose precipitously in comparison with the same periods within recent years, according to a report from Risk Based Security. It found that data breach numbers increased by more than 50% and that the amount of exposed data increased by roughly the same number.Continue reading Data Breaches Rise Sharply
Identity theft is becoming a multi-trillion dollar business, and one of the ways criminals get personally identifiable information is by digging through the trash and using account numbers to create false identities. Your account numbers are often located on numerous documents you throw away each month, and even if you rip them into tiny pieces, it’s quite easy for criminals to piece information back together in order to get what they want.Continue reading How to Dispose of Important Documents Without a Shredder
Identity theft is not a problem that just affects the private sector. The IRS has been struggling with it for many years as well. But a recent report indicates that they are having significant success fighting it.Continue reading How the IRS Is Fighting Identity Theft
Not so very long ago, many considered the dark web an urban legend and identity theft something that only happened to wealthy and careless people. As more and more companies have emerged to protect the identities of everyday people from the villains pilfering and plundering the dark web, the vast majority of the general public has come to accept the reality that the dark web is real and identity theft can happen to anyone.
Last year, an anti-fraud organization recorded a total 89,000 cases of identity theft in the UK over the first half of 2017. According to Cifas, the figure was a record high and represented a five percent increase in identity theft cases over the same period in the previous year. Cifas chief executive officer, Simon Dukes, said that the claims were increasing at an alarming rate over the years with a new high of about 500 stolen identities daily.
Due to the IRS budget cuts, the confusion regarding the new tax law, and the vast amount of data compromised, the filing season for 2017 may be rampant with tax-related crimes. There were 787,000 identity theft returns confirmed and stopped by the IRS last year. The total exceeded $4 billion. The IRS projected a $21 billion loss in 2016 for fraud.