Category Archives: U.S. Bank

Report: Big U.S. Banks Are Stiffing Account Takeover Victims

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When U.S. consumers have their online bank accounts hijacked and plundered by hackers, U.S. financial institutions are legally obligated to reverse any unauthorized transactions as long as the victim reports the fraud in a timely manner. But new data released this week suggests that for some of the nation’s largest banks, reimbursing account takeover victims has become more the exception than the rule. Continue reading Report: Big U.S. Banks Are Stiffing Account Takeover Victims→

Meant to Combat ID Theft, Unemployment Benefits Letter Prompts ID Theft Worries

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Millions of Americans now filing for unemployment will receive benefits via a prepaid card issued by U.S. Bank, a Minnesota-based financial institution that handles unemployment payments for more than a dozen U.S. states. Some of these unemployment applications will trigger an automatic letter from U.S. Bank to the applicant. The letters are intended to prevent identity theft, but many people are mistaking these vague missives for a notification that someone has hijacked their identity. Continue reading Meant to Combat ID Theft, Unemployment Benefits Letter Prompts ID Theft Worries→

Fraudsters Steal Tax, Salary Data From ADP

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Identity thieves stole tax and salary data from payroll giant ADP by registering accounts in the names of employees at more than a dozen customer firms, KrebsOnSecurity has learned. ADP says the incidents occurred because the victim companies all mistakenly published sensitive ADP account information online that made those firms easy targets for tax fraudsters. Continue reading Fraudsters Steal Tax, Salary Data From ADP→