What is Identity Fraud?
From Wikipedia, the free encyclopedia
Identity fraud may occur when someone steals personal information, opens credit card accounts in the victim’s name without permission, and charges merchandise to those accounts. Conversely, identity fraud does not occur when a credit card is simply stolen. Stealing one’s credit card may be consumer fraud, but is not identity fraud. Identity fraud is a synonym of unlawful identity change. It indicates unlawful activities that use the identity of another person or of a non-existing person as a principal tool for merchandise procurement.
Identity fraud can occur without identity theft, as in the case where the fraudster has been given someone’s identity information for other reasons but uses it to commit fraud, or when the person whose identity is being used is colluding with the person committing the fraud…
The Charlotte Observer
Posted: Wednesday, Apr. 24, 2013
By Gracie Bonds Staples
The Atlanta Journal-Constitution
We’re told to monitor our credit, to protect ourselves from identity theft. But who knew to apply that same wisdom to our offspring? Last year the number of identity theft victims reached 12.6 million, up 1 million from the previous year, according to a Javelin Strategy and Research Identity Fraud Report released Feb. 20, 2013.
According to the AllClear ID 2012 Child Identity Theft Report, about one in every 40 households with young children is being affected. “Child identity theft is a fast-growing crime,” said Robert Chappell, a veteran Virginia State Police Officer and author of “Child Identity Theft: What Every Parent Needs to Know.” “Criminals target children because kids have clean credit records and the theft can go undetected for years.
By Fahmida Y. Rashid Apr 27, 2013
Cyber-attackers recently breached LivingSocial’s systems and illegally accessed customer information for more than 50 million users, LivingSocial said. Users need to change their passwords immediately.
As PCMag.com reported yesterday, LivingSocial sent data breach notification emails to all affected customers informing them of a cyber-attack which resulted in unauthorized access of customer data. More than 50 million accounts were potentially affected, according to LivingSocial, making this …
What is Identity Fraud? Key solutions important to avoid major issues are to have as much of your personal data as possible monitored by professionals and then to have a team of licensed investigators available to restore your identity. Restoration is not something you want to try to do yourself. Just gaining access to your data in all the data bases around the world is the beginning of the challenge.
Small Business Consultant