Identity Theft Victim Charged as Pedophile

August 27, 2008 – 12:23 pm

A man in England learned the hard way that something as small as a lost credit card can destroy your reputation overnight. Simon Bunce was arrested without any warning one day and put under investigation as a pedophile. Police seized his work and home computers, and all his electronic data. When his employer learned about the investigation, he was promptly fired from his $250,000 a year job. His own family disowned him and refused to let him near any of their children due to the nature of his accusations. This all happened to a completely innocent man solely because his credit card was stolen. 

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Military Data Breach

August 26, 2008 – 10:38 am

Most soldiers are too concerned with their lives to worry about their identities. We can now add identity theft to the long list of dangers affecting military personnel in the Washington State army base of Fort Lewis. A recent data breach has exposed the personal information of around 900 of the soldiers who offer their lives to protect our country. Now our country has repaid them by offering their identities to possible thieves.

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Ministry of Justice Data Breach

August 25, 2008 – 1:03 pm

We would assume the legal system itself would be reasonably safe from identity theft, but we are continually reminded that nothing is truly safe from data breaches. The US Ministry of Justice recently reported nine separate data breaches which collectively affect around 45,000 people.

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Hackers Steal From Charity

August 22, 2008 – 9:23 am

Nowhere seems to be safe from identity thieves anymore, not even charities. Hackers recently breached the website of a charity in the United Kingdom called Aid to the Church in Need. They made off with the personal information of over 2,000 donors. Instead of using this information to open up credit lines, they had a much more creative method of stealing from these generous people. The thieves approached previous donors asking for more donations to the charity. Rather than supporting needy churches, any donations would be going to support criminal hackers.

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Risk Factors for Identity Theft

August 21, 2008 – 11:24 am

While almost no one is truly safe from identity theft, there are some factors that contribute to your risk for being the victim of identity theft. There are many ways we expose ourselves that we don’t really have a choice about. Even simply being a student, having a driver’s license, or doing business with almost any company that stores your personal information can put your identity in jeopardy. These risk factors will focus on specific things we can do to flag us as prime targets for the prowling masses of identity thieves.

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Hackers Ransom Personal Information

August 20, 2008 – 9:50 am

Traditionally, identity thieves tend to use personal information to open up new lines of credit or rack up charges on current credit accounts. One international group of hackers tried a different approach. They hacked into the online database of White Wolf Publishing, a company that sells table top games. After stealing the sensitive personal information and encrypted passwords, they approached the company demanding ransom for the return of the data.

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The LifeLock Fraud Advisory Board

August 19, 2008 – 4:26 pm

LifeLock doesn’t just provide identity theft protection for its subscribers. It’s true that if enough people used LifeLock identity theft protection, it would effectively cripple the rising levels of this rampant crime. But Life Lock doesn’t stop there. It has mounted a massive campaign to stomp out identity theft on a large scale. Todd Davis, the CEO of LifeLock, recently announced that they have put together a fraud advisory board to combat identity theft. This board brings together key figures in many diverse areas that deal with all aspects of identity theft. They hope to not only keep up with the trends and movements of identity theft, but find ways to prevent it before it happens.

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Child Identity Theft on the Rise

August 18, 2008 – 10:41 am

Identity thieves are always on the prowl for easy targets, but they have recently been turning to a new demographic for identity theft. They are targeting children. Authorities estimate around 500,000 children are victims of identity theft each year. This is why LifeLock offers identity theft protection for children as well as adults. Identity thieves actually prefer children because they are especially vulnerable and they can often steal from them for years before the theft is discovered.

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The Financial Assurance of LifeLock

August 15, 2008 – 4:09 pm

Those of you who have been victims of identity theft know just how maddening and stressful it can be. While many banks and credit card companies will return some of your stolen money if the crime is reported within 60 days, actually getting them to do this can be extremely difficult. Companies have very little incentive to give back your money, and will often make it very difficult for the customer to claim their funds. One man was actually sued by his credit company for $75,000 due to an identity theft incident that happened 3 years prior.

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Double Jeopardy on Wall Street

August 14, 2008 – 2:44 pm

Those of us who know about the Great Depression understand just how important Wall Street is to our economy. Staggering amounts of money and investments change hands on a daily basis. With the rise of online stock trading comes a rising threat. Identity thieves are now turning their sites on Wall Street to gain control of stock trading accounts. A data breach at LPL Financial has compromised the trading accounts of over 10,000 clients. And this is not even the first time this year their system has been hacked. If a company can’t seem to get its system secure, it should really consider investing in Lifelock services.

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Sophisticated Phishing Scams

August 13, 2008 – 12:01 pm

One of the most primitive methods identity thieves use to get personal information is to trick their victims into just giving it to them. Most phishing scams are fairly transparent, and can easily be seen through by discerning targets. For example, an African prince once offered me 15 million dollars if I would just share my bank account information with him so he could transfer it to me. Now identity thieves are using far more advanced and successful phishing scams. In one current phishing scam, identity thieves pose as representatives of the credit card companies who notify you that your identity has been compromised. They gain your trust and get your personal information in the process of helping you clear up the alleged theft.  Read More →


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The Second Data Breach at Columbia University

August 12, 2008 – 1:36 pm

Students at Columbia University have recently been informed of the school’s second major data breach this year. The social security numbers of over 5,000 students were stored online in a database that absolutely anyone could access. This database was set up so anyone in the world could search the data and easily pull up results. These identities were left floating around the internet for over 16 months before the breach was discovered. When the university was notified of this, they had Google take down the website for them and assumed the data breach was taken care of.

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Rising Data Breach Rates in 2008

August 11, 2008 – 1:14 pm

Despite the growing awareness of the threat of identity theft and all the measures taken against it, ID theft is actually increasing at alarming rates. According to reports from the Identity Theft Resource Center, there were over 340 reported data breaches in the past year. This represents a 69% increase from the number reported last year. The actual extent of many of these incidents is unknown, but many of the recent data breaches involve the exposure of thousands of identities. Many incidents also involve the data of multiple companies but are reported as a single incident. The actual number of incidents is believed to be much higher, but many companies fail to report data breaches for fear of negative publicity.

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The Experian Scam at FreeCreditReport.com

August 8, 2008 – 1:40 pm

Many of you have probably heard the catchy and comical jingles about the pains of bad credit aired over 90,000 times by FreeCreditReport.com. The media recently revealed that the beloved good looking singer with the endearing folksy voice is actually a Canadian actor lip syncing to cover his thick French accent. The identity of their spokesman is not all that has been brought to light. If you pay close enough attention, you might be able to decipher the disclaimer at the end of each commercial. The cryptic message that the rest of the commercial distracts from hints at the fact that FREECreditReport.com is not actually free at all. In fact, this “free” credit report costs unsuspecting customers $79 per year.

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Internet criminals use “gaping security hole” to easily commit identity theft and fraud

August 6, 2008 – 10:52 am

Government investigators, academic researchers and heads of large corporations are gathering this week to learn more about a fundamental flaw in the internet. The glitch allows identity thieves and hackers to remain invisible while redirecting internet users to “evil twin” sites. Read More →


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