Authorities arrest a bank teller and five others involved in an identity theft ring in South Florida, according to the U.S. Attorney’s Office. The arrests were the latest made in Operation Felony Lane, a multiagency investigation of organized identity theft rings in Broward, Palm Beach and Miami-Dade counties.
The teller at BankAtlantic branch stole personal information [...]
Posts from ‘November, 2009’
BankAtlantic Teller Charged in Identity Theft Ring
Health Net Loses 1.5 Million Medical Records
Health Net reported the loss of a portable external hard drive that contained seven years of medical and personal data on about 1.5 million members. The insurance company said it lost the hard drive six months ago.
The hard drive contained Social Security numbers, medical records and health data of Health Net members in Arizona, Connecticut, [...]
Hackers Steal 9.4 Million
On Tuesday a U.S. grand jury indicted eight individuals for using sophisticated hacking techniques to defeat encryption safeguards used by RBS WorldPay, a subsidiary of the Royal Bank of Scotland. The hackers were able to transfer $9.4 million dollars to co-conspirators around the world.
The hackers focused on payroll debit cards which allow employees to withdraw their salaries [...]
US Retailers Lose $191 Billion a Year to Identity Fraud
LexisNexis and Javelin Strategy and Research revealed that U.S. Retailers are losing around $191 billion every year as a result of identity fraud. One in five merchants experienced an increase in unauthorized transactions associated with identity fraud. Their recent report examined how U.S. retail fraud affects merchants, financial institutions and consumers.Â
“The impact of retail fraud [...]
Data Breach Notification Bills Passed by U.S. Senate Judiciary Committee
On Thursday The U.S. Senate Judiciary Committee approved two bills that would require organizations with data breaches to report them to potential victims.
The first bill The Personal Data Privacy and Security Act would require agencies and businesses to report data breaches to victims whose personal information “has been, or is reasonably believed to have been, [...]
FTC Delays the Red Flags Rule for the Fourth Time
The Federal Trade Commission has postponed enforcement of the Red Flags Rule once again, continuing to put consumers at risk of identity theft.
This is the fourth time The Federal Trade Commission has delayed enforcement of the “Red Flags Rule” requiring implementation of identity theft prevention measures. The latest deadline for compliance was set for November [...]
