Home Posts tagged "identity theft"
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The Holiday Season is Also Fraud Season

It’s no secret that fraudsters increase their activity and fraud attempts during the holiday season when many merchants are at peak volume, but considering other fraud factors ACI Worldwide predicts a more than 40 percent increase in fraud this holiday season.  Meanwhile the FBI warns of fraudulent merchants, mobile apps with malware and work from

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As SEC Investigates Yahoo Breach, FTC Reiterates Need for Federal Breach Notification Laws

Following a data breach involving over 500 million accounts and a delay in notifying the public or impacted parties, the Securities and Exchange Commission (SEC) started an investigation into the Yahoo data breach at the request of a Senator. Later at a Senate Committee meeting the Federal Trade Commission (FTC) cited the Yahoo breach reiterating

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Millennials Are Group Most Likely to be Victims of Both Telephone and Online Scams

Multiple studies have recently shown that across all age groups it is Millennials who are most likely to fall victim to scams carried out via telephone or SMS, as well as fall prey online while displaying careless habits. These digital natives are the most comfortable with mobile devices and eCommerce, but also the most trusting

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Taxpayer Data Stolen from IRS Used to File Up to $39 Million in Fraudulent Returns

Published on June 25, 2015, by in Data Breach.

Between February and May fraudsters used compromised consumer information to obtain more detailed tax payer data via the IRS’s “get transcripts” web service for consumers. The IRS estimates there were 200,000 unauthorized attempts or lookups to gain access to copies of previous year tax returns, more than half of which were successful, leading to as

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Target Reports Cost of Data Breach was $162 Million

The late 2013 data breach impacting 70 million Target customers continues to cost the company which in their latest financial statements reported $4 million in related expenses for Q4 2014. The total loss to Target for 2013 and 2014 related to the data breach was $162 million, but would have been even larger if not

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U.S. Proposes National Data Breach Notification and Protection Standards

This week the White House proposed the Personal Data Notification and Protection Act, which seeks to set a national standard for data breach notification requirements replacing the patchwork of separate laws across 47 states. If passed into law, this act would strengthen and more clearly define what is required of organizations that suffer data breaches,

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