Home Posts tagged "identity fraud" (Page 8)
formats

Increases in Data Breaches and Smartphones Correlated with Increase in Identity Fraud

A recent survey and report from Javelin Strategy & Research found that the number of Americans who fell victim to identity fraud increased by 13 percent from 2010 to 2011 with the large number of data breaches and growth in smartphone users being cited as some of the underlying causes. Read More

 
formats

Fraudster Posed as Debt Collection Company to Obtain Consumer Identities

A fraudster was sentenced to over 17 years in prison for devising a scam where he registered fake debt collection companies to gain access to consumer PII which he then used to open almost 600 fraudulent credit card accounts. Read More

 
formats

50 Arrested in Identity Fraud Ring

An investigation by U.S. Immigrations and Customs Enforcement has led to the arrest of fifty individuals for their involvement in a massive identity theft ring that sold hundreds of U.S. identities on the black market. Read More

 
formats

Identity Fraud Ring Hijacked Consumer Retail Credit Accounts

An investigation by the New York Attorney General led to the arrest of seven in an identity fraud scheme where the fraudsters impersonated consumers at retail stores in attempts to take over their store credit card accounts, the fraudsters have been accused of operating this scam since at least 2008. Read More

 
formats

Couple Continued Mail Theft and Fraud for Over 10 Years

A man and woman have been charged with multiple counts of burglary, manufacturing and selling government IDs, and forgery for a scam they’ve been operating since at least 2008, but the two were also convicted of similar crimes back in 1999. Read More

 
formats

Leader of 54-person Fraud Ring Pleads Guilty

Fifty-four fraudsters were arrested for their role in an identity theft ring responsible for $4 million in fraud losses while the ring leader plead guilty to five different charges on January 9th. Read More

 
formats

Fraud Ring Busted After Persistently Repeating Scams

A fraud ring with members working in banks and charitable organizations continued to repeat their operation despite questioning and investigations by the U.S. Secret Service. Read More

 
formats

Legislation in the Works that Could Affect Future Trends in Fraud

New legislation may provide fraudsters with legal loopholes. The Credit Card Accountability, Responsibility, and Disclosure (CARD) Act includes regulation that prohibits providing information about newly opened accounts before they are activated by customers, which could create an increase in fraudulent credit card applications. Read More

 
formats

When the Fraudster is Someone You Trust

All too often employees with easy access to the business’ or customer’s financial information take advantage of lax monitoring and security procedures. Here we profile several cases of individuals who took advantage of their employer, friend or neighbor’s lack of checks and balances. Read More

 
© The Fraud Practice LLC 2012