Identity Theft

Identity theft is the deliberate use of someone else's identity, usually as a method to gain a financial advantage or obtain credit and other benefits in the other person's name, and perhaps to the other person's disadvantage or loss.

Source: consumer.ftc.gov

When Synthetic IDs Are As Good As The Real Thing

When Synthetic IDs Are As Good As The Real Thing
When Synthetic IDs Are As Good As The Real Thing
March 01, 2019  |  Fraud Prevention

It’s no secret that digital criminals are becoming more sophisticated. So are the fraud defenses deployed by merchants, payment service providers and financial institutions. But...

READ MORE >
Equifax Chief Hit By Identity Theft Three Times
Equifax Chief Hit By Identity Theft Three Times
February 28, 2019  |  Cybersecurity

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...

READ MORE >
Symantec: Formjacking Is Cybercriminals’ Newest Scam
Symantec: Formjacking Is Cybercriminals’ Newest Scam
February 20, 2019  |  Cybersecurity

With cybercriminals not making as much from ransomware and cryptojacking, they have been focusing more on a strategy called “formjacking” to raise cash. Get the...

READ MORE >
The Inverted Approach To Tackling Fraud
The Inverted Approach To Tackling Fraud
February 20, 2019  |  Today In Data

Banks, financial institutions (FIs) and other firms are grappling with a flood of application fraud and identity theft. In other news, customers see self-service kiosks and online...

READ MORE >
Inverting The Fraud Approach: Fraudsters Can Check In, But Never Leave
Inverting The Fraud Approach: Fraudsters Can Check In, But Never Leave
February 20, 2019  |  Cybersecurity

A single data breach in 2017 exposed 143 million Americans’ credit details and personal information, and incidents that occurred a year later hit companies like...

READ MORE >
Fraud’s New Paradigm: Let Fraudsters In, But Never Let Them Leave
Fraud’s New Paradigm: Let Fraudsters In, But Never Let Them Leave
February 19, 2019  |  Cybersecurity

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

READ MORE >
FTC Seeks Input On ID Theft Prevention Rules
FTC Seeks Input On ID Theft Prevention Rules
December 04, 2018  |  Legal & Regulation

The Federal Trade Commission announced Tuesday (December 4) it is seeking comment on whether the agency should make changes to rules requiring financial institutions and...

READ MORE >
Today In Data: Driving A Digitally Determined World
Today In Data: Driving A Digitally Determined World
October 22, 2018  |  Today In Data

In an average week, the average consumer spends about 24 hours online – exactly 1/7 of their time. They use their phones to order food and to decide...

READ MORE >