Zero Fraud Liability

Posted on Monday, 11th October 2010 by Nathan Thorpe

Credit fraud has always existed to some degree, but with the advent of the internet, there has been an unprecedented level of awareness and consumer concern about falling victim to identity theft. Almost every day ‘phishing’ emails – which pretend to come from banks – try to extract passwords and personal details from consumers.

Most people know that an unprotected PC can be disabled by viruses and Trojans within hours and install antivirus software to protect it, but not everyone remembers to keep the antivirus software up to date. Tightening up on internet security is absolutely essential as a first defence to identity theft attempts. As an alarm system, it’s equally sensible to use a credit report monitoring service, to ensure that a consumer can quickly identify any unexpected credit check being made against them, or any new account being opened without their knowledge. This is o

Read more…

Tags: Identity Theft, Internet
No Comments »

Posted on Thursday, 7th October 2010 by Nate Sawers

The grocery store Aldi reported that the names, account numbers and secret codes of customers in 11 states were exposed to potential theft when they used payment cards at machines that had been tampered with.  The breach has affected stores in Connecticut, Georgia, Illinois, Indiana, Maryland, New Jersey, New York, North Carolina, Pennsylvania, South Carolina and Virginia.

The company is encouraging customers to carefully review and monitor their debit and payment card statements and their credit reports for unusual activity.

It is believed that the altered payment terminals were illegally placed in some stores between June 1 and August 31.  The company does not believe that any employees were involved with the fraud.

Aldi spokeswoman Michelle Williams declined to say how many stores or machines or customers were affected or describe any resulting thefts.

But the Chicago Tribune has reported that more than 200 people who had shopped at an Aldi store in Wheeling, IL, told law enforcement officials there were unauthorized withdrawals of $100 to $900 from their accounts related to the data exposure.

Police in the town of St. C

Read more…

Tags: Payment, Payment Information
No Comments »

Posted on Thursday, 7th October 2010 by Archie Norton

It’s that time again!  Chemistry.com is one of the largest and most popular online dating services, and this weekend you can enjoy a complete Chemistry.com dating experience for free. From Friday October 8 to Sunday October 10, you can sign on, create a profile and starting contacting and flirting with other members at no cost. It really is free – you don’t even need to provide a credit card.  You’ll be able to take advantage of all the great features and have the same access as a paying member, so go for it and see what all the buzz is about!

Tags: Free Communication, Weekend
No Comments »

Posted on Wednesday, 6th October 2010 by Nathan Thorpe

Identity theft has become a national problem of enormous proportions. According to the Federal Trade Commission (FTC), nearly 10 million people fall victims to identity theft annually, costing customers $5 billion in out-of pocket losses and businesses $48 Billion .

This rise in identity theft is presenting employers with major headaches because they are now liable for identity theft/breaches that occur in their workplace. As of January 2005 to March 2008, there has been reported to the FTC over 223 million data records of U.S. residents have been exposed due to security breaches. This information, can be viewed at PrivacyRights.org. So, all businesses, corporations, schools, financial institutions and hospitals should be concerned about Identity Theft, Identity Theft Red Flags Rule, FACTA, HIPAA, and GLB Safeguard Rules in how they will impact their organizations.

Read more…

Tags: Id Theft, Theft
No Comments »

Posted on Saturday, 2nd October 2010 by Nathan Thorpe

According to a recent poll by Experian, one in five Americans has reported they have experienced some form of identity theft. If it happens to you, and your identity is stolen, you might be in for a lengthy hassle that could cost you your credit rating and leave a permanent blight on your financial records.

How Credit Card Theft Starts

Thieves start by targeting your personal information: Social security numbers, bank statements, tax reports, credit card debit information and passwords, or even your checkbook. Don’t leave this valuable information lying around at your office, or in your car. Be aware that you are leaving a door open for anyone to get access to your bank account or credit card information. Question anyone who asks for your credit information, including employers; find out what their privacy policy is and get a copy of it. S

Read more…

Tags: Identity Theft, Theft
No Comments »

Posted on Saturday, 2nd October 2010 by Archie Norton

Credit card companies, banks, financial advisors, retailers, hospitals, insurance companies, and just about every other industry and organization that deals with finances has been affected by identity theft.

All these entities have to deal with fraud at some level. For some it’s an occasional nuisance and for others it’s a part of their daily grind. Most have heavily invested in multiple layers of security, but all remain targets. Each has its own set of issues to overcome and each copes with the same underlying constant: the consumer is often the most vulnerable variable in the equation.

Joe and Sally Main Street generally offer the path of least resistance when a scam is launched. Eve

Read more…

No Comments »