COULD ONLINE HACKERS STEAL YOUR CASH?
When you access your bank account online you probably don't think that at that exact moment there may be a hacker, somewhere in the world, trying to steal your bank information and your money.
Your bank offers secure online banking, so why should you worry, right? Despite banks' efforts to protect accounts from the online crooks, hacker attacks remain a serious threat that cost Americans millions of dollars each year. The Internet Crime Complaint Center reported that Americans lost about $55
> Articles | > Identity Theft, Fraud, and Scams
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ANYONE CAN BE A VICTIM OF IDENTITY THEFT!
More and more people from every walk of life are victimized each day. The results can be overwhelming; a loss of time and money spent by victims trying to put their lives and finances back in order.
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THE GRIFTER WHO DUPED CORPORATE GIANTS
Just before dawn last October, around 50 federal law enforcement officials mustered in front of a six-story Beaux Arts townhouse on Manhattan's Upper West Side. The agents, wearing blue raid jackets, stood in the rain outside the home of 45-year-old Dina Wein Reis, a self-described businesswoman, film producer, and philanthropist. For at least 15 years Wein Reis had made a fortune by allegedly gulling dozens of consumer product giants, including Procter & Gamble, Unilever, and Hershey, in exquis
> Articles | > Identity Theft, Fraud, and Scams
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HOW TO AVOID CHECK FRAUD
Business owners face a growing risk of check fraud, as computers make it easier to create phony checks, and banks allow customers to open accounts via telephone and the Internet. The retail industry alone loses $12 billion a year to bad checks, with industry estimates attributing half those losses to check fraud. Some industry analysts see the problem of bad checks growing as much as 25 percent annually in the years ahead.
> Articles | > Identity Theft, Fraud, and Scams
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MORE THAN EIGHT MILLION AMERICANS HAD THEIR IDENTITIES STOLEN LAST YEAR
Recently there were more than 150 major incidents affecting more than 57 million people in the U.S. There have been breaches of secure information in nearly every sector of the business community, not just in the credit industry. ID theft has also reached into education, health care, banking, and even into government sectors. Anyone can be affected by identity theft.
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EXPERIAN AND VOICEVAULT TO CREATE BIOMETRIC AUTHENTICATION SYSTEM
Experian, the global information services company, and VoiceVault, a leader in voice-based biometric identity verification, have entered into a partnership to create a hosted, pay-as-you-go biometric identity verification service. The VoiceCheck service, secured by VoiceVault, will dramatically reduce the time and costs associated with validating contact centre callers.
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UK MILITARY LAPTOP THEFT EXPOSES THOUSANDS TO IDENTITY THEFT RISK
The UK's Ministry of Defense (MOD) is conducting a review of information security policies in response to a serious data breach that transpired earlier this month. A laptop that was stolen from the car of a military recruitment officer contained information about approximately 600,000 people, most of whom were prospective recruits. The database stored on the laptop was not encrypted—a significant violation of MOD data handling policies.
> Identity Theft, Fraud, and Scams
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EVERY CREDIT CARD PURCHASE LEAVES CONSUMERS AT RISK
There is a logical attraction to skipping the chaos of the shopping mall to shop online for post-Christmas bargains but every credit card purchase leaves consumers at risk. Internet fraud has grown as relentlessly as online commerce and an estimated 3.5 million people in Britain were the victims of some form of cybercrime last year.
> Identity Theft, Fraud, and Scams
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FRAUD AND THE SMALL BUSINESS
One of the many things I do in the course of the day at Small Dog Electronics is to be the "fraud officer." As fraud officer, I handle the credit card charge-backs that can often be the result of fraudulent use of credit cards. I also help to create Small Dog's credit card policies and help train new employees about credit card fraud.
> Identity Theft, Fraud, and Scams
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HOW TO SPOT CASHIER'S CHECK FRAUD - EXAMPLES OF SCAMS
Cashier’s check fraud is one of the most popular crimes in the internet age. Once thought to be safe, cashier’s checks now require extra attention from sellers. Make sure you know all the red flags of cashier’s check fraud so you can avoid expensive scams.
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HOW TO AVOID BECOMING A VICTIM OF INSURANCE FRAUD
Insurance fraud is not typically a violent crime, just a lucrative one. As consumers, there are several common-sense steps you can take to help reduce fraud and minimize its impact.
> Identity Theft, Fraud, and Scams
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INTERNATIONAL COLLECTIONS AND MONEY LAUNDERING
In my many collection adventures, under the guise of collecting a claim on behalf of a US creditor against a Japanese debtor, my collection company in Japan was once used as a conduit for money laundering.
> Identity Theft, Fraud, and Scams
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CREDIT FRAUD IS ALIVE AND WELL
Scenario: For the second time in two years, we lost a moderate five-figure balance to credit related fraud. The con game worked the same way both times. Con men acquired a business with little or no money down, and took over operations. They immediately began to purchase larger quantities of products from their established vendors, and using the acquired company's good name, strong credit rating, stability, financial strength, and payment history contacted other creditors including us. Their pit
> Identity Theft, Fraud, and Scams
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TERRORIST LINKS TO COMMERCIAL FRAUD IN THE UNITED STATES
With the ongoing investigation of the terrorist attacks world-wide, it is gradually becoming known how these barbaric operations are being financed. What seems to be clear is that terrorists and their sympathizers have long used commercial fraud in the United States to raise funds for their activities. Although no one is sure as to the extent of these schemes, a few examples illustrate their modus operandi:
> Identity Theft, Fraud, and Scams
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CHECK 21 LEGISLATION CAN CONTROL FRAUD
Many of you may not recall but on October 28, 2004, the government passed the Federal Check Clearing for the 21st Century Act (Check 21). Check 21 changed the method that checks are processed in the United States. With Check 21, financial institutions are able to process checks electronically, instead of processing paper checks manually.
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