Technology content trusted in North America and globally since 1999
7,700 Reviews & Articles | 57,106 News Posts

Hackers finding innovative ways to commit identity theft

Cybercriminals are getting creative in their techniques to commit identity theft
By: Michael Hatamoto | Hacking & Security News | Posted: May 29, 2015 11:20 am

Cybercriminals want to victimize people in any way possible, including even collecting unemployment checks directly from the government. As much as $5.6 billion is taken in federal benefits fraud, stemming from identity theft and data breaches.

 

hackers-finding-innovative-ways-commit-identity-theft_01

 

Individual states and the federal government provide unemployment benefits directly to citizens, but if a person's personal information is purchased on the black market - and the fraudsters are able to file paperwork to collect the benefits. Each state must create their own system to identify - and stop - fraudulent claims, with thousands of suspected false forms submitted.

 

"The fact that this is so easy to commit is something that has been a real challenge to law enforcement because the fraudsters keep evolving, and they always find a new way to steal our identities," said Wifredo Ferrer, US Attorney for the Southern District of Florida, in a statement to CNN. "And all you need sometimes is a name, a date of birth and a Social Security number. And sometimes, you don't even need that to commit this crime."

NEWS SOURCES:Cnn.com, Blogs.absolute.com

Related Tags

Got an opinion on this news? Post a comment below!
loading