Today I served as the keynote identity theft speaker for the Fort Worth Speakers Foundation, here in balmy Texas (well, compared to Montana, where I spoke last week). After the main presentation, I fielded a range of questions on all topics. One woman asked me this: “At what point is fraud committed as a by product of the Target breach no longer Target’s fault?” The question was highly intelligent and the answer is very revealing.
When word got out about the massive security breach that occurred at Target in December of 2013, and which could wind up being the largest in U.S. history, many speculated that shoppers would dramatically change their habits. After all, nearly 1 out of 3 Americans were affected.
But a recent poll conducted by the Associated Press shows that our intentions don’t necessarily match our actions. The AP-GfK Poll, which was conducted in January and involved interviews with 1,060 adults, shows that the majority of Americans polled say they fear becoming victims of theft after the breach.
There has been a great deal in the news about medical identity theft leading to death. Is it possible? Yes. Is it likely? Less likely than dying of a heart attack because you eat too much bacon. But let’s explore the possibility of death by medical identity theft (below, in this article), and why the threat gets sensationalized (in the video).
Credit Union Members: A special thanks to NAFCU for having me back a second year to present at their Technology and Security Conference. Join us in Vegas for some fun and really get into the nuts and bolts of cyber security.
One billion people worldwide use Facebook to share the details of their lives with their friends and may be unaware their Facebook Privacy could be compromised. Trouble is, they also might be unintentionally divulging matters they consider private to co-workers, clients and employers.
Worse yet, they may be sharing their privacy with marketing companies and even scammers, competitors and identity thieves. Luckily, with some Facebook privacy tips, you can help protect your account online.
Here are six ways Facebook could be compromising your private information and how to protect yourself:
1. The new Timeline format brings old lapses in judgment back to light. Timeline, introduced in late 2011, makes it easy for people to search back through your old Facebook posts, something that was very difficult to do in the past. That could expose private matters and embarrassing photos that you’ve long since forgotten posting.
Check washing, a highly common form of check fraud, is the practice of removing legitimate check information, especially the “Pay To” name and the amount, and replacing it with data beneficial to the criminal (his own name or a larger amount) through chemical or electronic means. One of the many ways to protect yourself against check fraud is so important that it deserves its very own article.
A foolproof way to protect your checks from being altered, whether by washing or by electronic means, is to use security checks offered by most companies.
Here are some of the features to look for when you’re purchasing High Security Checks. These features will safeguard you not only against check washing, but other high tech forms of check fraud as well:
Safety security paper (visible and invisible fluorescent fibers, chemical-sensitive)
Every dollar counts, now more than ever, as the government searches for ways to wisely spend our money. It’s dismaying to learn that an audit report from the Treasury Inspector General for Tax Administration (TIGTA) has found that the impact of identity theft on tax administration is significantly greater than the amount the IRS detects and prevents. Even worse, the “IRS uses little of the data from identity theft cases…to detect and prevent future tax refund fraud” according to Mike Godfrey, Tax-News.
The IRS is detecting far fewer fake tax returns than are actually falsely filed. 938,700 were detected in 2011. On the other hand, TIGTA identified 1.5M additional undetected tax returns in 2011 with potentially fraudulent tax refunds totaling in excess of $5.2B.
The study predicted that the IRS stands to lose $21B in revenue over the next 5 years with new fraud controls, or $26B without the new controls.
You may think your deceased loved ones are safe from having their identities stolen. Not true! The Death Master File contains data about millions of deceased people including the full name, Social Security number and other personal information. Though you’d think this would be carefully guarded, the Social Security Administration provides the file to the Department of Commerce’s National Technical Information Service (NTIS). NTIS, in turn, distributes it to more than 450 entities including state and local governments, hospitals, universities, financial institutions, insurance companies and genealogy services. Even worse, anyone can access the information through the NTIS website. The cost? $10 for one person or an annual subscription with unlimited access to all of the files of deceased individuals costs $995.
America’s top Privacy & Identity Theft Speaker John Sileo has appeared on 60 Minutes, Anderson Cooper, Fox & in front of audiences including the Department of Defense, Pfizer, Homeland Security and hundreds of corporations and associations of all sizes. His high-content, humorous, audience-interactive style delivers all of the expertise with lots of entertainment. Come ready to laugh and learn about this mission-critical, bottom-line enhancing topic.
John Sileo is an award-winning author and keynote speaker on the dark art of deception (identity theft, fraud training, data privacy, social media manipulation) and its polar opposite, the powerful use of trust, to achieve success. He is CEO of The Sileo Group, which advises teams on how to multiply performance by building a culture of deep trust.