Written By ESR News Blog Editor Thomas Ahearn “Synthetic identity theft” – where fraudsters create new identities by combining real and fabricated personal data – is the fastest growing type of financial crime in the United States that is difficult to detect and often unreported, according to a white paper from the U.S. Federal Reserve. …Continue reading "Synthetic Identity Theft is Fastest Growing Financial Crime in United States"
Written By ESR News Blog Editor Thomas Ahearn On April 8, 2019, the Internal Revenue Service (IRS) and the Security Summit partners announced that results from 2018 show major progress in the battle against tax-related identity theft along with added protection for thousands of taxpayers and billions of dollars, according to a news release from …Continue reading "IRS Announces Major Progress Made in Battle against Tax-Related Identity Theft"
Written By ESR News Blog Editor Thomas Ahearn The Internal Revenue Service (IRS) – the nation’s tax collection agency – has kicked off its annual “Dirty Dozen” list of worst tax scams for 2019 by warning taxpayers of the ongoing threat of internet phishing schemes that can lead to tax-related fraud and identity theft, according …Continue reading "IRS Kicks Off Annual “Dirty Dozen” List of Tax Scams by Warning Taxpayers about Phishing Schemes"
Written By ESR News Blog Editor Thomas Ahearn One-third of American shoppers plan to do all or most of their holiday shopping online this year while more than two-thirds of these online holiday shoppers are concerned about identity theft, according to a survey commissioned by leading proactive identity theft protection service provider LifeLock.Continue reading "One-Third of Americans Will Do Most Holiday Shopping Online but Two-Thirds Concerned about Identity Theft"
Written By ESR News Blog Editor Thomas Ahearn Some Americans are more “likely to be exposed to and affected by identity theft and fraud” depending on the state where they live, according to a comparison of 50 states and the District of Columbia (D.C.) across three key dimensions – identity theft, fraud, and policy – …Continue reading "Study Identifies States in America Most Vulnerable to Identity Theft and Fraud"
Written By ESR News Blog Editor Thomas Ahearn Do you think temporary workers – or “temps” – do not need to undergo background checks because they will not be with a company long enough to cause a problem? Think again. A cautionary tale from the second installment of the new CNBC Make It series HR …Continue reading "Cautionary Tale Shows Consequences of Not Performing Background Checks on Temporary Workers"
Written By ESR News Blog Editor Thomas Ahearn With the deadline to file taxes on Tuesday, April 17, 2018, the Federal Trade Commission (FTC) – the nation’s consumer protection agency – is offering tips on how to avoid tax identity theft scams that steal personal data and money based on the Internal Revenue Service (IRS) …Continue reading "FTC Offers Tips on How Consumers Can Avoid Tax Identity Theft Scams"
Written By ESR News Blog Editor Thomas Ahearn The Federal Trade Commission (FTC) – a primary federal privacy and data security enforcement agency – has released the 2017 Consumer Sentinel Network Data Book that found the number of consumer complaints about fraud dropped in 2017 while the amount of money lost was more than in …Continue reading "FTC Report Finds Less Consumer Complaints about Fraud in 2017 But More Money Lost than in 2016"
Written By ESR News Blog Editor Thomas Ahearn The Federal Trade Commission (FTC) – the primary federal privacy and data security enforcement agency – will hold its third PrivacyCon on February 28, 2018, to focus on the economics of privacy including how to quantify the harms that result from the failure of companies to secure …Continue reading "FTC to Hold PrivacyCon 2018 Event on February 28"
Written By ESR News Blog Editor Thomas Ahearn The 2018 Identity Fraud Study released by research-based advisory firm Javelin Strategy & Research has revealed the number of identity fraud victims increased by eight percent to 16.7 million U.S. consumers in 2017, a record high since the company began tracking identity fraud in 2003.Continue reading "Identity Fraud Affected All Time High of 16.7 Million U.S. Victims in 2017"