Posted by Eva Velasquez, CEO, Identity Theft Resource Center
It feels like criminals are one step ahead of the latest loss preventive strategies, and that may very well be the most accurate assessment of crimes like identity theft. Synthetic identity fraud a newer form of identity theft, is already believed to be responsible for about $6 billion in theft in 2016 alone, and shows no signs of slowing down.
Tax Identity Theft Awareness Week 2018
Scammers and identity thieves have been gearing up for this time of year for a while now in hopes of stealing your refund before you ever get around to filing.
As one year comes to a close and another one looms on the horizon, it’s that time when industries release predictions for the coming year. The identity theft and personal data security industries are no different, only these predictions are based on the slew of advancements—both in new consumer technology and in hacker capabilities—that have come to pass in the year behind us.
On the scale of possible crimes, most people probably aren’t thinking about identity theft at the top of the list. But when you break down what actually happens to a victim of identity theft, the reality is a lot scarier than you might realize.
By Eva Velasquez, CEO & President of the Identity Theft Resource Center
We’ve come a long way since identity theft was a commonly misunderstood and rarely recognized crime. Now this category of crime might be a household name, but it still presents a few surprises to both victims and law enforcement alike. As identity thieves and scammers continue to evolve to stay ahead, the crime itself changes, too.
With the holidays here, many of us are preparing for an influx of family and friends. Those same people, though, might carry with them a hidden danger: the threat of identity theft. According to Javelin Strategy and Research Center, around 550,000 people each year have their identities stolen by someone close to them.
There was a time when your signature on a piece of paper meant something. Don’t worry, the value of your good name isn’t going anywhere, but the function of your signature as proof of your identity is changing as technology evolves.