Confessions of an ID Theft Kingpin, Part II

Yesterday’s piece told the tale of Hieu Minh Ngo, a hacker the U.S. Secret Service described as someone who caused more material financial harm to more Americans than any other convicted cybercriminal. Ngo was recently deported back to his home country after serving more than seven years in prison for running multiple identity theft services. He now says he wants to use his experience to convince other cybercriminals to use their skills for good. Here’s a look at what happened after he got busted. Continue reading Confessions of an ID Theft Kingpin, Part II

Name, address, and birthday was used to create a casino account. Fraud? [closed]

I stopped at an MGM casino for a long overdue Blackjack game.
I’ve never been to an MGM casino, so I went to the front desk to request a casino card be created.
When I told the front desk person I wanted to sign up for a card, to my surpri… Continue reading Name, address, and birthday was used to create a casino account. Fraud? [closed]

Ex Tennessee University Employee Sentenced to Over 30 Months for Student Loan Fraud, Aggravated Identity Theft

A former admissions worker at Tennessee State University (TSU) was sentenced to more than 30 months in federal prison after pleading guilty to student loan fraud, wire fraud and aggravated identity theft. The US Department of Justice said Renauld Clayt… Continue reading Ex Tennessee University Employee Sentenced to Over 30 Months for Student Loan Fraud, Aggravated Identity Theft

The benefits of providing employees with an identity compromise solution

Employees find significant value in having access to an identity compromise solution, having an available remediation solution creates a better mindset for those that use it, and there are halo results that benefit others (especially employers), an Ide… Continue reading The benefits of providing employees with an identity compromise solution

27% of consumers hit with pandemic-themed phishing scams

Phishing is the top digital fraud scheme worldwide related to the COVID-19 pandemic, TransUnion reveals. Among consumers reporting being targeted with digital COVID-19 schemes globally, 27% said they were hit with pandemic-themed phishing scams. “From … Continue reading 27% of consumers hit with pandemic-themed phishing scams

Credit union’s lawsuit against Fiserv is a test for cybersecurity liability

After more than a year of legal wrangling and bureaucratic delays, a major lawsuit is moving forward against a fintech giant for its allegedly lax cybersecurity practices. A Pennsylvania credit union is taking on Fiserv, a Fortune 500 company that claims clients in over 100 countries, in a case that is a test of the legal obligations big financial firms have to protect client data. Bessemer System Federal Credit Union’s (FCU) originally sued Fiserv in April 2019. After moving to federal court, the case took on new life Tuesday when a judge in the Western District of Pennsylvania ruled that the court would hear some of the credit union’s claims against Fiserv. The credit union accuses Fiserv, one of three companies that provide the majority of digital infrastructure used by small banks, of taking cybersecurity for granted. “Rather than addressing the problems by updating its security, Fiserv continued to use […]

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Continue reading Credit union’s lawsuit against Fiserv is a test for cybersecurity liability

Man Gets Prison Time for Identity Theft Scheme Targeting Veterans

A man received prison time for helping to conduct an identity theft and fraud scheme that targeted thousands of veterans and U.S. service members. On July 9, the Office of Public Affairs at the U.S. Department of Justice announced that Chief U.S. Distr… Continue reading Man Gets Prison Time for Identity Theft Scheme Targeting Veterans

San Diego Resident Receives 46 Months after Pleading Guilty to Million-Dollar Scam Involving the Stolen Identities of Military Members

A 32-year old California man was sentenced to 46 months in federal prison after pleading guilty to a million-dollar scheme involving stolen identities of United States service members and veterans. During his trial, Trorice Crawford admitted that he an… Continue reading San Diego Resident Receives 46 Months after Pleading Guilty to Million-Dollar Scam Involving the Stolen Identities of Military Members