Trusteer recently uncovered a scam in an underground forum that shows how data obtained through phishing and malware attacks can be used to make one of the oldest forms of fraud – cheque forging – even harder to prevent.
A 31-year-old that has set up a website offering the possibility for unemployed people to apply for non-existing jobs and has been using the collected applicants' personal information to file fraudulent tax returns has been charged with identity theft, grand larceny and money laundering.
Many business professionals don't realize that when their company's confidential information is at risk, so too is the information of its clients, vendors, customers and employees.
Javelin Strategy & Research recommends that consumers follow a three-step approach to minimize their risk and impact of identity fraud.
In 2011 identity fraud increased by 13 percent. More than 11.6 million adults became a victim of identity fraud in the United States, while the dollar amount stolen held steady, according to Javelin Strategy & Research.
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