By Jodi Florence
This week I’m giving a presentation on fraud in the payments industry and how identity verification fits into the equation. In developing my presentation, I’ve been researching and updating some identity related statistics and I thought I’d share a few of my findings:
The Privacy Rights Clearinghouse reports that the number of total records [...]
The news about Federal Reserve Chairman Ben Bernanke becoming a victim of ID theft resulting in a financial crime scares the living daylights out of me. It used to be more of an inconvenience if your purse was stolen or your home burglarized because of the accounts you had to cancel or change. At most, [...]
If I said it once, I’ve said it a 1000 times, Identity Verification of Adults on Social Networking Sites can be used today and will start to solve problems associated with identity and age related issues on Facebook (and MySpace, Twitter, etc.).
Case in point is the latest impersonation of Former Governor Sarah Palin on Facebook: [...]
One of the biggest misconceptions we are constantly addressing is the confusion between shared secret questions and dynamic knowledge based authentication questions. And this week’s IEEE Symposium on Security and Privacy isn’t helping to clear up the confusion since Microsoft and Carnegie Mellon University are showing that the secret questions used to secure the [...]
Wow, it’s hard to believe that 6 months has gone by since non-banking related creditors and some credit unions got a reprieve from the Nov 1 Red Flag Regulation deadline. Now the question is – are you ready? I’m betting there are still a few companies that must comply that are still confused and think [...]
Last week VeriSign released results of a survey it commissioned regarding Internet security. The findings show that 85% of consumers think trusting a site is most important when interacting on a Web site and sharing confidential information. And only 9% said competitive pricing was more important.
Also interesting is that 76% of consumers claim identity theft [...]
Well, the credit industry finally has some good news. The new ID Theft Red Flag Regulations which were slated to take effect on November 1 have been pushed back by the FTC and won’t be enforced until May 1, 2009. I guess, the FTC figures banks and creditors have bigger fish to fry right now [...]
The news about Governor Palin’s Yahoo account being hacked presents an interesting use-case for a dynamic KBA solution and gives me the opportunity to clear up a big misunderstanding people have about what [IDology's] KBA really is.
First, let’s examine how the hacker accessed her email. According to this Wired article:
As detailed in the postings, [...]
If you recall I blogged about the government’s crackdown on employers hiring illegal immigrants and how identity theft and the fake document industry is booming in some places as a result. Today’s Wall Street Journal article, How To Make Identity Theft Worse, IRS Audit Launches Emerita de Jesus into Fight To Get Her Name [...]
If you read the NY Times today you probably saw this story: 11 Charged in Theft of 41 Million Card Numbers.
And if you shop at major retail chains like OfficeMax, Barnes & Noble, and BJ’s Wholesale Club you could be one of those affected.
Interestingly, the fraud ring is connected to the TJ Maxx breach announced [...]
