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Business ID Theft Soars Amid COVID Closures

Krebs on Security

This story is about the victims of a particularly aggressive business ID theft ring that’s spent years targeting small businesses across the country and is now pivoting toward using that access for pandemic assistance loans and unemployment benefits. For 2020, the company estimates an overall 258 percent spike in the crime.

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Unemployment Insurance Fraud and Identity Theft: Up Close and Personal

Lenny Zeltser

Opens a bank account in the victim’s name with a provider such as GoBank or Green Dot for receiving the unemployment payments. Because this is not a credit account, this action doesn’t trigger a credit check and works even if the victim’s credit file is frozen. .” I believe in this scheme.

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What are account takeovers (ATOs)?

Security Boulevard

Account takeovers (ATOs) are a type of cyberattack, fraud risk, or identity theft that results in the unauthorized access of an account, typically through the use of stolen credentials. In the first […] The post What are account takeovers (ATOs)? In the first […] The post What are account takeovers (ATOs)?

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T-Mobile: Breach Exposed SSN/DOB of 40M+ People

Krebs on Security

million current T-Mobile postpaid customer accounts’ information appears to be contained in the stolen files, as well as just over 40 million records of former or prospective customers who had previously applied for credit with T-Mobile,” the company wrote in a blog post. . “Our preliminary analysis is that approximately 7.8

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Top 10 IdentityIQ Blog Posts of 2022

Identity IQ

Top 10 IdentityIQ Blog Posts of 2022. With a final look back at 2022, we’re rounding up the most searched and visited blog posts from last year. Our most popular topics were primarily concerned with identifying and preventing different types of identity theft and scams. What Is Social Media Account Cloning?

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Identity Theft: Increasing in Numbers in 2023

Security Through Education

What is Identity Theft? The DOJ defines identity theft as “all types of crimes in which someone wrongfully obtains and uses another person’s personal data in some way that involves fraud or deception, typically for economic gain.” If a criminal has enough of these elements, they can quickly be used in identity theft.

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Change Healthcare Breach Hits 100M Americans

Krebs on Security

“Affected insurance providers can contact us to prevent leaking of their own data and [remove it] from the sale,” RansomHub’s victim shaming blog announced on April 16. A few days after BlackCat imploded, the same stolen healthcare data was offered for sale by a competing ransomware affiliate group called RansomHub.