News, Developments, and Insights

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Is Identity Theft Really Declining?

Identity Theft

A study by Javelin Strategy & Research finds that identity theft declined by 11.5% in 2006: According to the study, 8.4 million adult Americans, or one in 27, learned last year that criminals committed fraud with personal data such as credit card or Social Security numbers. That’s down from 8.9 million in 2005 and 10.1 million in […]

Verifying Identity: From One Foolish Way to Another

Social Security Numbers

For quite some time, banks and financial institutions have been using people’s Social Security Numbers (SSNs) to verify their identities. Suppose you want to access your bank account to check your balance, change addresses, or close out the account. You call the bank, but how does the bank know it’s really you? For a while, […]

More Data Lost: 1.3 Million Student Loan Recipients

Data Breach

From CNET: About 1.3 million customers of a Texas provider of student loans are at risk of ID fraud, after a contractor lost computer equipment with sensitive information on them. The equipment, which was not identified, contains the names and Social Security numbers of the borrowers, the Texas Guaranteed Student Loan company said in a statement […]

Public Records and Identity Theft

Public Records and Identity Theft

There are new details to report about the famous Hamilton County public records website. Several years ago, the clerk of courts of Hamilton County, Ohio placed a wide range of public records online. Many of the records had extensive personal information about individuals, including Social Security Numbers and home addresses. The Hamilton County website garnered […]

Even Tearing Up Your Credit Card Applications Isn’t Enough

Tear Up Credit Card Application

One of the reasons why identity thieves are the luckiest criminals alive is because credit card companies make their crime really easy. This person at tried an experiment. He tore up his credit card application into little pieces, meticulously taped it back up, and then filled it out as follows: