It’s that time of year again when ‘Pomp and Circumstance’ rings throughout college campuses and new college graduates scramble to find jobs in their selective career fields. As job searches become even more reliant on online methods, the risk for identity theft increases substantially.
We all know the feeling. You have just found the perfect new car, in your price range, with all the features on your wish list. However, the day is just beginning as the next few hours will be spent negotiating with the dealership and signing dozens of documents to complete the financing and transaction.
The IRS recently announced cyber criminals were able to steal information from over 100,000 Americans’ tax returns. The thieves created phony returns and stole refunds by completing a multiple-factor authentication process including private data and non-identity information (e.g. social websites). As information-based crimes are on the rise, it is important to understand where criminals are retrieving this information. Below are five probable ways criminals obtained sensitive information:
When it comes to privacy protection, 2014 was a year of contradiction. The number of data breaches in the United States hit a record 783 – up more than 27 percent from the previous year – while 3 percent fewer individuals were victimized by identity fraud during the same period of time.
Many busy people have turned to online shopping to quickly check items off their holiday “To Do” list. Be sure to take the necessary precautions to protect your personal information from savvy online fraudsters by only shopping on secure websites.
Javelin Strategy and Research, the primary source for research on identity theft statistics, recently published their 2013 report stating that there were over a million more victims of identity theft in 2012 than in 2011. This means that 12.6 million Americans in the U.S. became victims last year, resulting in more than $21,000,000,000 in damages.