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5 Things You Can Learn from a Data Breach Incident

/ BY / Identity Theft

It seems that every week we hear that another big retailer, service provider or similar organization has suffered a data breach, putting customers’ personal and financial information at risk. There are lessons that you can learn from these incidents. There’s no such thing as a completely safe transaction or a completely safe website or a completely safe database. Even companies that do everything possible to secure their customers’ information may discover that someone has stolen that data from them. In the case of Target, authorities have traced the theft back to a data breach at a heating and refrigeration company that did some work for the retailer. Hackers used that back door to get into the Target...

Victim of Credit Card Fraud? Follow These Important Steps

/ BY / Identity Theft

Suppose you apply for a credit card online, fairly confident that your good credit rating will win you easy approval. But you are shocked when your application is denied because of poor credit. What’s happened? You may have been a victim of credit card fraud, and it has damaged your credit rating. These days it’s all too easy these days to become a victim of this type of fraud. Consider the recent security breach at Target, Neiman Marcus and other stores. If you were one of the people unlucky enough to have your credit card information stolen, it may not be too long before thieves are out there using your information. There are varying levels of credit card fraud. In many cases, thieves steal your...

Story of a Debit Card Fraud

/ BY / Identity Theft

Theft by Number. Mike, a college senior, recently discovered that someone had been using his debit card number to make several online purchases. Although he took steps right away to protect his bank account, it’s taken many phone calls and considerable time to get the mess straightened out. Mike’s also had some anxious moments wondering how the thieves got his card number and what he can do to prevent similar problems in the future. Discovery. Mike carries very little cash and uses his debit card for almost all of his purchases. When his statement comes each month, he glances at it to verify that he recognizes the charges that have been made. Last month, however, Mike had to go into his account between statements to verify some payments...

New Ways to Safeguard Your Online Credit Card Use

/ BY / Identity Theft

Within the next few years, most new credit cards will contain an embedded EMV chip that uses high-level encryption to make in-person credit card purchases more secure. Countries that have already made the switch to EMV cards have found that it does indeed reduce fraud for in-store credit card purchases; unfortunately, they’ve also found that thieves simply turn their attention online, where they use stolen credit card numbers to purchase merchandise. How can you protect yourself against that kind of online credit card fraud? MasterCard and Visa have each introduced programs that offer an added layer of protection for Internet shopping with personal credit cards. MasterCard’s SecureCode...

Can Thieves Steal Your Identity from Facebook?

/ BY / Identity Theft

Would you keep personal information like your birth date or your address displayed on a wall in your office or cubicle—someplace where everyone could see it, copy it down and use it however they wanted? You're doing something very similar to that when you provide personal information to social media sites like Facebook. If the wrong person finds that data, you could have problems with identity theft and ultimately with your credit record. It turns out that about half the people who use social media understand that they’re putting themselves at risk for identity theft. According to a recent Google consumer survey commissioned by TransUnion, one of the three major credit bureaus, 45.4 percent...

 

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