Identity Theft News

Identity Theft News

IRS Announces Plans to Prevent Tax Fraud

by on January 4, 2016

The IRS, state tax administrators, and companies in the tax industry made it very clear in 2015 that they are joining together to combat tax related fraud and identity theft during this upcoming tax season. This comes at a time when identity theft is rampant and scams happen all the time. Plus, with all of your financial information in one place during tax season, it’s easy to fall victim to a data breach.

Utility Bill Scam Sweeps the Nation

by on March 10, 2014

Before paying your electric bill, make sure it’s not a scam! 
 

Putting Your Photo on Your Credit Card - Totally Narcissistic or Borderline Brilliant?

by on June 6, 2013

One small lesson I learned that stuck with me is something I rarely (if ever) see by cashiers, merchants and the like: ID'ing a customer who is paying with a credit card.

I remember the first time I saw a co-worker do this. I was baffled, and after the transaction went through I asked him what the deal was. "Had my identity stolen once," the co-worked told me matter-of-factly. "$300 bucks on clothes online."

Well, then.

New survey suggests 25% of consumers worldwide have been victims of fraud

by on March 8, 2013

A recent survey courtesy of ACI Worldwide suggests that one in every four consumers has been the victim of credit, debit or prepaid card fraud at some point in their lifetime. (And kudos to LowCards.com to making us aware of the survey.)

Credit card fraud becoming larger problem in U.S.

by on August 26, 2012

Instances of credit and debit card fraud increased in some categories across the U.S. in the period between January 2010 and September 2011, according to new research from the credit reporting bureau FICO's Falcon Fraud Consortium.

Credit card fraud risk diminished by lenders' increased efforts

by on May 1, 2012

As recently as 2009, instances of credit card fraud were on the upswing as thieves were successfully ripping off millions of consumers' accounts every year, but instances of this type of crime have been falling since 2010, according to a report from MarketWatch. The reason credit card fraud is now in decline is that the confluence of efforts on the part of merchants, card issuers and payment processors to increase automated vigilance for suspicious transactions have been largely successful.