Remove Consumer Protection Remove Identity Theft Remove Insurance
article thumbnail

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.

Scams 96
article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Credit Freezes are Free: Let the Ice Age Begin

Krebs on Security

If you’ve been holding out because you’re not particularly worried about ID theft, here’s another reason to reconsider: The credit bureaus profit from selling copies of your file to others, so freezing your file also lets you deny these dinosaurs a valuable revenue stream. But it also includes a silver lining.

article thumbnail

2024 Cybersecurity Laws & Regulations

eSecurity Planet

Health Insurance Portability & Accountability Act (HIPAA) The Health Insurance Portability and Accountability Act (HIPAA) sets standards for protecting sensitive health information, particularly electronic health records (EHRs). The act also covers various forms of cybercrime, including malware distribution and data theft.

article thumbnail

Common Holiday Scams and How to Avoid Them

Identity IQ

Here are seven essential guidelines to help protect yourself from the deceptive tactics of scammers: Utilize IdentityIQ identity theft protection services: IdentityIQ provides comprehensive identity theft protection services to cover you and your family that can help safeguard your personal information from scammers.

Scams 52
article thumbnail

Me on the Equifax Breach

Schneier on Security

Hearing on "Securing Consumers' Credit Data in the Age of Digital Commerce". Subcommittee on Digital Commerce and Consumer Protection. As a result, all 143 million US victims are at greater risk of identity theft, and will remain at risk for years to come. Before the. Committee on Energy and Commerce.

article thumbnail

What is Maryland’s Online Data Privacy Protection Act?

Centraleyes

The History of Data Privacy Laws in Maryland Maryland’s PIPA (Personal Information Protection Act) was enacted in May 2022 to ensure that Maryland consumers are reasonably protected as identity theft establishes itself as a growing threat.