Consumer Articles

It can be difficult for individuals to face the reality of identity crime. Consumers must become proactive if victimized and take charge of the situation. This section provides information about how to prevent identity theft, the steps victims should take to find remedies, laws about individual rights and responsibilities, and links to organizations and government agencies that can help with the financial and emotional effects of identity crime.

Thursday, 10 August 2017 07:36

College Students at High Risk for Identity Theft

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College Students at High Risk for Identity Theft
In 2014, 22 percent of college students received notifications that they had been victims of identity theft fraud, according to research by Javelin Strategy and Research. The students discovered their situation after being denied credit or being contacted by a debt collector. The percentage of students victimized was three times higher than the average. Additionally, students were four times more…
Wednesday, 05 October 2016 03:43

Identity Theft Protection: The Basics

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Identity Theft Protection: The Basics
Over 17 million people become victims of identity theft each year, with individuals over the age of 50 being especially at risk. With a growing number of data breaches reported annually, it is important to take steps toward protection against identity crimes. Most identity theft occurs in the form of account takeovers or identity takeovers. Account takeover is the most…
Thursday, 12 May 2016 22:45

Four Quick Tips for Protecting Your identity

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Four Quick Tips for Protecting Your identity
With the incidence of identity theft continuing to rise, especially as more people use electronic media, consumers can take some simple steps to reduce their risk of exposure. There are cases of very sophisticated identity theft schemes, but often, identity crimes are crimes of opportunity, and knowing about some of the most common attacks and scams is definitely a benefit.…
Company to Use Selfies in 2017 to Help Taxpayers with ID Theft Risk
MorphoTrust USA is preparing to utilize selfies in the 2017 tax season in an attempt to help taxpayers avoid the risks posed by identity thieves who try to steal their refund checks. The company, which is based in Massachusetts, has created a secure electronic ID (eID) online that uses the state's driver's license process to come to the aid of…
Bank Tellers Provide Account information to Identity Thieves
According to authorities, 21st-century bank robberies increasingly involve identity thieves simply calling the user's local bank directly. In a typical scheme, scammers call the bank and tell the representative they want to change the phone number on an account or that they want to order checks to take money from another account. And bank tellers are readily providing this information…
IRS Discontinues Electronic ID Security Tool for Taxpayers
The United States Internal Revenue Service (IRS) has discontinued the use of an electronic identity protection tool designed to provide security for taxpayers' sensitive information because of security concerns. The Identity Protection PIN was meant to offer an extra layer of protection for taxpayers who are at high risk of being victimized by scammers through data breaches. In 2015, the…
New Technology Allows ID Authentication Online via Selfie
New technology from MasterCard is designed to let online shoppers authenticate their identity using selfies. When purchasing online with a MasterCard credit card, merchants will "ping" the buyer with text and request verification of identity through the company's Identity Check process, which requires an app download to the consumer's phone. Then, the consumer either poses for a photo or uses…
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