New Tech Threat, ID Lifeguards, Risk of Identity Theft, Rockford Mans Patent
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Taking Credit: Identity Theft in the Electronic Age
www.globaltoronto.com
A new form of identity theft makes it possible for thieves to snatch your debit and credit card information without even touching your wallet.
Electronic pick pocketing takes advantage of a technology called radio frequency identification or RFID. RFID was designed for convenience, employing a small radio chip to hold and transmit personal information. That chip makes it fast and easy to perform tasks such as scanning items in stores, tracking shipments and entering secure buildings.
Now RFID is also being built into credit and debit cards. The idea is to make shopping easier – just touch the reader and go. But as 16:9 The Bigger Picture, Global News’ current affairs program discovered, making it easier to scan has also made it easier to scam.…more…
ID Lifeguards Executes Multi-Layered Procedural Precautions to Protect Consumers
www.businesswire.com
ID Lifeguards, a leading provider of business and consumer identity theft protection services, as part of its ongoing efforts to safeguard its subscribers and prevent damages caused by identity theft, has implemented a multi-layered set of procedural precautions designed to further protect its current and prospective members.
The new enhancements include an online listening initiative using the most sophisticated technologies available, including social analytics and multi-point data mining to help protect consumers and address issues as they arise in real-time. “The implementation of our new identity protection processes reflects ID Lifeguards’ unyielding commitment to consumer protection, innovation and industry-leading best practices,” said Arthur Natanyan, ID Lifeguards’ President. ID Lifeguards’ improved precautions include a more sophisticated algorithm to detect fraud, and the ability to examine online brand conversations to predict vulnerable areas in the business.…more…
Ninth Circuit Holds That Increased Risk Of Identity Theft Is Sufficient For Article III Standing
www.jdsupra.com
The U.S. Court of Appeals for the Ninth Circuit held recently, in Krottner v. Starbucks Corporation,1 that increased risk of future misuse of personal data following the theft of a laptop containing the unencrypted personal data of a group of current and former Starbucks employees amounted to an injury sufficient to confer standing to sue in federal court.
Despite concluding that standing existed under Article III of the Constitution, the Ninth Circuit nonetheless upheld the dismissal of plaintiffs’ claims because they failed to allege an injury sufficient to state a claim under the relevant state law.…more…
Rockford man’s innovation could help fight identity theft
www.rrstar.com
A Rockford man is making it his goal to give people more control over their credit reports.
Randy MacCloskey wants to take away opportunities for identity thieves with his Credit Report Lock, which he calls the only patented solution to identity theft.
Through his newly patented idea — which was first provisionally patented in August 2004 — people will be able to get up-to-date and accurate information from their credit reports whenever they want it.
MacCloskey’s system essentially places security measures on personal credit reports that consumers can obtain online.
“You go to the dealership and you want a new car, so on the computer, in real time, you enter your PIN and then your credit report is downloaded,” he said. “You control access to it. Eventually this is going to be what is considered the industry standard.”…more…
Identity Theft and Inmate Tax Refund Scams
www.givemebackmycredit.com
A recently released report by the Treasury Inspector General for Tax Administration shows potentially hundreds of millions of tax dollars are stolen every year by prison inmates filing tax returns for work they never did asking for tax refunds they aren’t due.
It’s an eye-opening report on identity theft and the growing inmate tax refund scam that you need to know about.
See what happened to Denise ‘Dee’ Platt.
First she had her identity stolen -then she became concerned because the IRS didn’t seem to understand what had happened to her and sent her tax refund money to the person who had stolen her identity…more…
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