Collaborate Disseminate
70% of businesses report that fraud losses have increased in recent years and over half of consumers feel they’re more of a fraud target than a year ago, according to Experian. To thwart fraudulent activity in 2024, businesses need to deploy more sophi… Continue reading Fraudsters have found creative ways to scam some businesses
2024 is shaping up to be a record-breaking year for data breaches, according to Experian. Despite 2023 being labeled as a ‘successful’ year for malicious actors, the upcoming months may bring forth developments that could further disrupt th… Continue reading Cybercriminals embrace smarter strategies, less effort
By giving the public greater control over their banking data, the Consumer Financial Protection Bureau’s proposal would deal a blow to data brokers.
The post CFPB’s proposed data rules would improve security, privacy and competition appeared first on CyberScoop.
Continue reading CFPB’s proposed data rules would improve security, privacy and competition
One of the cybercrime underground’s more active sellers of Social Security numbers, background and credit reports has been pulling data from hacked accounts at the U.S. consumer data broker USinfoSearch, KrebsOnSecurity has learned. Continue reading ID Theft Service Resold Access to USInfoSearch Data
In the summer of 2022, KrebsOnSecurity documented the plight of several readers who had their accounts at big-three consumer credit reporting bureau Experian hijacked after identity thieves simply re-registered the accounts using a different email address. Sixteen months later, Experian clearly has not addressed this gaping lack of security. I know that because my account at Experian was recently hijacked, and the only way I could recover access was by recreating the account. Continue reading It’s Still Easy for Anyone to Become You at Experian
The number of digital transactions has skyrocketed. As consumers continue to spend and interact online, they have growing expectations for security and identity verification. As fraudsters become savvier and more opportunistic, there’s an increased nee… Continue reading Modernizing fraud prevention with machine learning
Identity theft can have great financial impact on the victims, but the experienced emotional, physical and psychological impact can be even more devastating, according to the 2023 Consumer Impact Report from the Identity Theft Resource Center (ITRC) an… Continue reading Surge in identity crime victims reporting suicidal thoughts
Fraudsters are opportunistic criminals and 2022 and the first few months of this year brought opportunities like never before, according to Experian. This volatility perpetuated an unpredictable atmosphere for both businesses and consumers alike. The r… Continue reading Consumers demand more from businesses when it comes to security
On Dec. 23, 2022, KrebsOnSecurity alerted big-three consumer credit reporting bureau Experian that identity thieves had worked out how to bypass its security and access any consumer’s full credit report — armed with nothing more than a person’s name, address, date of birth, and Social Security number. Experian fixed the glitch, but remained silent about the incident for a month. This week, however, Experian acknowledged that the security failure persisted for nearly seven weeks, between Nov. 9, 2022 and Dec. 26, 2022. Continue reading Experian Glitch Exposing Credit Files Lasted 47 Days
By Waqas
Reportedly, Experian was completely unaware of the vulnerability.
This is a post from HackRead.com Read the original post: Experian Vulnerability Exposed Credit Reports
Continue reading Experian Vulnerability Exposed Credit Reports