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Equifax Chief Hit By Identity Theft Three Times

PYMNTS

Equifax CEO Mark Begor revealed that he has been the victim of identity theft three times in the past 10 years during a privacy hearing on Tuesday (February 26). including names, Social Security numbers, birth dates, addresses and, in some instances, driver’s license numbers. Begor made the confession after U.S.

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How randomized Social Security numbers aided identity fraud

Payments Source

Visa is leaning more heavily on its Issuers’ Clearinghouse Service to help banks combat the rise of synthetic fraud, which it attributes in part to a security measure adopted by the Social Security Administration years ago.

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Data Breaches 101: What They Are And How To Prevent Them

VISTA InfoSec

This guide makes sensitive cybersecurity concepts approachable to enable smarter decisions in securing your systems against catastrophe. Most data breaches boil down to security failures and human error. Best Practices For Prevention Ultimately, consistent vigilance and proactive security safeguards offer the best breach protections.

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Application Fraud – From Identity Theft to First-Party Fraud

FICO

Identity theft is growing at an exponential rate, leading to a rise in application fraud. Javelin Research reported a 17% rise in reported US identity theft victims , from 13.1 Identity theft, also known as third-party fraud losses, is just the tip of the iceberg. million to 15.4 Am I missing a topic?

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The Fraud Problem of Fake Social Security Numbers (Video)

FICO

Trends in Application Fraud – From Identity Theft to First-Party Fraud. How To Fight Identity Fraud: Q&A with Andy Procter. The post The Fraud Problem of Fake Social Security Numbers (Video) appeared first on FICO. Best Practices in Establishing Your Fraud Risk Appetite. ELI5: How Does the Dark Web Work?

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Security innovation hasn’t been enough to stop tax payments fraud

Payments Source

Tax-related identity theft can be especially worrisome, not only for the monetary consequences it carries, but tax documents often contain highly sensitive information, like Social Security numbers, writes Paige Schaffer, president and COO of Generali Global Assistance’s Identity and Digital Protection Services Global Unit.

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Symantec Completes LifeLock Buy To Counter Identity Theft

PYMNTS

a leading provider of identity theft protection, it has created the most comprehensive consumer digital safety platform to help people protect their information, identities, devices and families. With more people shopping online and sharing their lives on social media, identity theft is at an all-time high.