Neal O’Farrell, Consumer Security Adviser for Intersections Inc, writes: 1. Zero Liability has made consumers feel they have nothing to lose. The notion of zero liability came from a blend of federal law (the FACT Act or FACTA) and marketing savvy by financial institutions, to shift losses to identity theft from consumers and victims to…
Category: ID Theft
UK: Pair who ran Hornsey Road illegal credit card factory jailed
Tristan Kirk reports: Two fraudsters who ran a lucrative credit card factory from a flat in Haringey have been jailed today. Gabriel Yew and Cheng Chee Weng set up the operation in Hornsey Road, producing bogus bank cards using at least 700 stolen account numbers. When police raided the flat earlier this year, they discovered…
CA: Hackers Target Roseville Eateries For Credit Card Information
The hospitality sector continues to be targeted by cybercriminals. KCRA reports: Roseville police are warning people eating out in Roseville to avoid using their debit cards and to pay with cash or use credit cards. The warning is in response to a recent rash of credit card thefts connected to a multitude of Roseville eateries….
ID theft rings coming soon to a town near you
It seems that every day I read about an “ID theft ring.” Most of the cases reported in the mainstream media do not provide the kind of detail that would further analysis, though, so I often omit them, even though they may involve a lot of money or multiple states. Here are just two examples…
Point-of-sale machines a growing magnet for identity thieves
Laura Baziak reports that theft of POS touch screens is increasing in Canada as thieves look for an easy way to get any card data stored on the device: …. Farahbakhchian said theft of all point-of-sale machines has been a steady problem in B.C. for the past three years. He said he hasn’t seen a…
FL: Feds say Clay man took IRS for millions after state computers tapped
Paul Pinkham reports: Personal identities gleaned from two state agencies dealing with children were used to obtain $2.7 million in fraudulent income tax returns in a conspiracy masterminded by an Orange Park man, a federal agent testified. Bryan A. Copeland and a half-dozen co-conspirators filed 880 bogus tax returns from 2006 to 2009 using counterfeit…