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

Wells Fargo Accused Of Closing Accounts Customers Needed
Wells Fargo Accused Of Closing Accounts Customers Needed
August 21, 2017  |  Bank Regulation

Wells Fargo, the embattled national bank, disclosed in a Securities and Exchange Commission (SEC) filing that the Consumer Financial Protection Bureau (CFPB), a government regulatory...

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Prosper Gets Rid Of App Designed To Protect Identities
Prosper Gets Rid Of App Designed To Protect Identities
August 01, 2017  |  Fraud Prevention

Prosper Marketplace, the online lender, is reportedly getting rid of its Prosper Daily mobile app, which enabled customers to monitor their personal finances, like credit...

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Gas Station Skimmers Can Send Stolen Data Via SMS
Gas Station Skimmers Can Send Stolen Data Via SMS
July 28, 2017  |  Safety and Security

Police have discovered a new credit card skimmer that connects to the inside of a gas station pump and is able to send stolen data...

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AI/BOTS: Machine Learning Tips Online Fraud Scales
AI/BOTS: Machine Learning Tips Online Fraud Scales
July 25, 2017  |  Artificial Intelligence

Technological advances are pushing the boundaries for what’s possible in a variety of industries. Within the retail industry specifically, artificial intelligence (AI) is moving the...

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RSA: Biometrics Are The Sweet Spot Between Convenience And Security
RSA: Biometrics Are The Sweet Spot Between Convenience And Security
July 12, 2017  |  Security & Fraud

Teach a man to phish and he’ll launch a phishing attempt every 30 seconds for the rest of his life. So what can businesses do...

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How To Feed The Fraud Fighting Machine
How To Feed The Fraud Fighting Machine
June 22, 2017  |  CEO Series

How do machines learn to learn? In Episode Three of PYMNTS’ machine learning podcast, Socure CEO Sunil Madhu and PYMNTS CEO Karen Webster get technical...

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Millennials Most Likely To Fall For IRS Scam
Millennials Most Likely To Fall For IRS Scam
April 27, 2017  |  Security & Fraud

Yes, phone scams are still a thing. In fact, data indicates that consumers will receive a combined nine billion calls from known scammers this year....

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Cybercriminals Are Buying Tax Info To Cash In On Fraudulent Refunds
Cybercriminals Are Buying Tax Info To Cash In On Fraudulent Refunds
April 07, 2017  |  Fraud Attack

Tax season is a busy time for cybercriminals, with consumers’ personal data being sold online so thieves can file fraudulent tax returns and cash in...

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EMV Pushes eCommerce Fraud Spike
EMV Pushes eCommerce Fraud Spike
March 30, 2017  |  Security & Fraud

The good news about EMV is that it has drastically dropped the instance for cloned-card fraud that was far more endemic in the mag stripe...

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