|
Articles: Identity Theft
TJX Reports 45 Million Stolen Credit, Debit Cards
Source: Bloomberg, March 29, 2007
The owner of TJ Max and Marshalls stores today said that hackers stole 45 Million debit and credit card numbers over a period of 18 months. The hackers also stole personal information, such as driver's license numbers, on 455,000 customers.
Stolen Boeing Laptop Puts Employees At risk for ID Theft
Source: Globe and Mail, December 13, 2006
A laptop containing personal data including Social Security numbers was stolen from a Boeing employee. More than 382,000 current and former employees are now at risk for ID theft.
Consumers Lack ID Theft Knowledge
Source: BankNet 360, October 31,2006
According to a survey by Capital One and Consumer Action, nearly 40% of US adults are not aware that their personal information can be fraudulently used to obtain credit.
ID Theft Top Fraud Complaint
Source: CNET News, Jan. 29, 2006
The FTC reports that ID theft continues to be the largest source of fraud complaints. Credit cards and wire transfers were indentified as particularly vulnerable areas.
Bank Employee Sent to Prison for ID Theft
Source: Saint Louis Business Journal, Sep. 20, 2005
According to the US Attorney's Office, Patrica Griffin of Saint Louis was sentenced to 32 months in prison for aggravated identity theft. While working as a teller for US Bank, she electronically transferred funds from customer accounts to her personal accounts. She was also found guilty of ordering a Nordstrom's gift card over the telephone with stolen customer information.
Bills in Congress Target ID Theft
Source: InfoWorld, May 17, 2005
The US Congress expects to pass new rules regulating the distribution of customer data after a number of recent incidents where personal information was mishandled. Companies such as Choicepoint and LexisNexis have been successfully targeted by ID thieves. One of the measures the congress is considering is requiring businesses to notify consumers when there data has been stolen. Congress is also considering financial penalties for companies that fail to ensure the security of personal data.
Man Pleads Guilty to Identity Theft in Bank Scam
Sources: U.S. Attorney and Yahoo Finance, June 13, 2005
Than Le, of Worcester, MA, pleaded guilty in federal court on June 10, 2005 to charges of Conspiracy and Bank Fraud. At Friday's hearing, the prosecutor told the Court that Mr. Le approached a Sovereign Bank employee, who agreed to provide Le with detailed customer account information, including names, account numbers, dates of birth and social security numbers in exchange for 10% of the money stolen from accounts. This information was eventually provided to "runners," who would impersonate the true account holders. At Sovereign Bank branches in Connecticut and Rhode Island these imposters used the fraudulent identification documents to withdraw a total of approximately $180,000 from customer accounts.
|
