Neiman Marcus faces class action law suit
  • Fraud Prevention, Security

Luxury Department Store Neiman Marcus Still Feeling the Effects of 2013 Data Breach

Neiman Marcus is known for its luxury goods, whether it is clothing, handbags, shoes and more; however, the retailer is proving that companies feel the lasting effects from a data breach long after it happens. The situation began in December 2013 when the high-end retailer found that some customers had fraudulent charges on their credit cards; therefore the company disclosed in January 2014 that the data breach affected 350,000 credit card holders.

Read Full Post

Identity fraud of millions of OPM employees
  • Identity Theft, Security

How the Government is Recovering from the OPM Data Breach

The Office of Personnel Management (OPM) has released an in-depth analysis and the severity of two breaches that the department has had. Although we have briefly covered the OPM data breach, regarding the 4 million federal employees affected by the breach, there is new information, which portrays a much larger and widespread effect.

Read Full Post

Data breaches do not always need sophistication
  • Fraud Prevention, Internet Fraud

Businesses Prove Fraudsters Don’t Always Need Sophistication

Data breaches dominate the headlines, but it is not always clear how they occur. Some fraudsters go to great lengths to infiltrate a network and system; however, attacks can happen because of human error.

Read Full Post

Unclaimed property sites are a gold mine for fraudsters
  • Identity Fraud, Internet Fraud

Unclaimed Property Sites are a Fraudster’s Gold Mine

In the United States, all states have websites to match unclaimed property to its rightful owners. Trusts to banks, insurance and even wages—there are numerous ways people can have unclaimed property. The states strive to provide as much information as possible to assure that the correct person is found and not the one across the city or even the state. In order to do this, personally identifying information is included. While this is crucial to match people with the money that they are owed, it can put citizens at risk for identity theft.

Read Full Post

Shopper with Mobile Phone
  • Security, Fraud Prevention

Businesses Gain Protection Against Fraudsters With Dynamic Knowledge-Based Authentication

Student loans, house payments and credit card transactions regularly occur online. It can be difficult to safeguard information in the digital age for consumers and businesses alike. How can businesses strengthen their already existing security features, especially when consumers share various aspects of their lives online through social media, blogs and more?

Read Full Post