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Government Shutdown Leaves Americans More Vulnerable to Identity Theft, Scams

Adam Levin

citizens are more vulnerable to the effects of identity theft and scams as a result of the ongoing government shutdown. This effectively leaves victims unable to file reports or get documentation of their stolen identities, which is typically a first step for mitigating damage to credit and financial accounts. .

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Major Banks Under Fire for Refusing Reimbursements to Victims of Online Payment Scams

Identity IQ

As online payment scams become increasingly prevalent, victims have raised significant concerns about consumer protection and financial security. The increase in online payment scams, particularly those involving Zelle, has led to significant financial losses for consumers. Key Takeaways Major U.S.

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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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Credit Card Fraud VS. Debit Card Fraud: Are you Protected?

Identity IQ

Consumer protection laws differ in each case and knowing the differences can help to keep your accounts safe from identity theft. While there are protections for both, you can face more liability for fraudulent charges than if you’d used your credit card instead. When Should I Use a Credit Card?

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FTC Warns US Citizens of ‘Instant Cash Payments’ Scammers Impersonating the Agency

Hot for Security

The US Federal Trade Commission (FTC) has released information on scammers impersonating the agency, warning the public that the criminals operate a spoofed website to trick consumers into disclosing financial information, with a tantalizing promise of instant cash.

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LifeLock Bug Exposed Millions of Customer Email Addresses

Krebs on Security

Identity theft protection firm LifeLock — a company that’s built a name for itself based on the promise of helping consumers protect their identities online — may have actually exposed customers to additional attacks from ID thieves and phishers. million customer accounts.

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Can “Buy Now, Pay Later” Apps Be Trusted with My Personal Data?

Identity IQ

The Consumer Financial Protection Bureau recently asked several buy now, pay later, or BNPL, providers for information related to some concerns it has about short-term installment plans. Experts warn that scammers steal people’s identities or take over their accounts to evade detection, making unsuspecting victims foot the bill.