May « 2011 « id theft fraud prevention

May 29, 2011

Global Telecom Revenues Increase 12% and Telecom Fraud Increases 52% from 2003-2005 — 2005 Fraud Losses $54.4 to $60 Billion (USD)

Filed under: Id Fraud Prevention — Tags: $54.4, 20032005, 2005, Billion, Fraud, from, Global, Increase, Increases, Losses, Revenues, Telecom — admin @ 10:45 am

Global Telecom Revenues Increase 12% and Telecom Fraud Increases 52% from 2003-2005 — 2005 Fraud Losses $ 54.4 to $ 60 Billion (USD)

Phoenix, AZ (PRWEB) March 30, 2006

CFCA today announced the results of a comprehensive opinion survey that estimates annual Communications Fraud Losses globally. Worldwide Industry Experts surveyed now estimate annual global fraud losses to be in the range of $ 54.4 – $ 60 billion (USD) up by 52% from the CFCA Survey results of 2003. These fraud losses represent approximately 5% of telecom revenues, which is one full percentage point increase in 2 years. The implications for the profitability of communications operators is devastating — less revenues and huge increases in fraud losses.

The Top 5 Countries where fraud is concentrated are Pakistan, Philippines, Cuba, India and Bangladesh. Cuba is the newest member to the Top 5 list.

A summary of the survey results includes:

85% of the communications operators surveyed said that global fraud losses have increased or stayed the same 65% of the respondents confirmed that communications fraud has trended up or stayed the equal within their own company 47.3% of global fraud losses are from Subscription/Identity (ID) Theft and PBX/Voicemail

With respect to the causes of the growth of communications fraud, once again some communications providers did report that global fraud losses had risen due to an increase in worldwide terrorism. Terrorist organizations embrace communications fraud to generate funds by illegally gaining access to a network and then reselling the service.

“The ensue of this survey confirm that communications fraud is a more lucrative criminal business than we initially thought and that the problem is getting worse,” explained John Lewandowski, CFCA President. “CFCA provides a forum for educating and information sharing among communications providers, and is ‘Where Communications Professionals Go to Know’ so as to raise the awareness of this worldwide problem and their effectiveness at stopping it.”

Communications fraud is the use of telecommunications products or services with no intention of payment. Fraud negatively impacts everyone, including residential and commercial customers. The losses increase the communications operators operating costs. Although Communications operators have increased measures to minimize fraud and reduce their losses, the criminals continue to abuse communications networks and services. Therefore, communications operators tend to keep their actual losses figures and their plans for corrective measures confidential. Due to the sensitive nature of this topic, the CFCA used a confidential opinion survey of global Communications operators to support the global fraud loss study.

About CFCA

CFCA is a not-for-profit global educational association that is working to combat communications fraud. The mission of CFCA is to be the premier international association for revenue assurance, loss prevention and fraud control through education and information. By promoting a close association among telecommunications fraud security personnel, CFCA serves as a forum and clearinghouse of information pertaining to the fraudulent use of communications services. For more information, visit CFCA at http://www.cfca.org.

Contact For Additional Information, Membership and Global/Regional Chapters:

Frances Feld, CAE – Executive Director

Communications Fraud Control Association (CFCA)

602-265-CFCA (2322)

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May 26, 2011

6 SC VOTER ID FRAUD PKG

Filed under: Id Fraud — Tags: Fraud, VOTER — admin @ 1:46 pm

Video Rating: / 5

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May 23, 2011

Am I about to be scammed through Paypal? Help plz!?

Filed under: Id Fraud Prevention — Tags: about, Help, Paypal, scammed, through — admin @ 4:46 pm

Question by afeckt: Am I about to be scammed through Paypal? Help plz!?
Hello everyone I have had a paypal account for a while now and have never sold anything, I have only bought with it and that was easy plenty. Now I am currently in the process of selling my PSP system through paypal, in order for me to receive payment I have to verify the tracking number of the package I am sending out, it says to send the tracking number to: paymentconfirmed@mail2consultant.com , and I don’t know if this is a scam or not! It looks legit but I don’t know here is more of the message:Dear Customer (———-)This e-mail is sent to you as a confirmation of payment made to your PayPal account by PayPal Member (———), We have examined the payment for your item and the amount to be credited to your account which is $ 150.00USDThis transaction is in order and legal.This fund will be credited to your paypal account once the shipment tracking number is sent to our verifying teamat: paymentconfirmed@mail2consultant.comWe encourage you to ship the item immediately (due to Paypal’s policy) as your payment has been confirmed by us.Security is of critical importance to us at PayPal.We use proprietary technology and constantly innovate to help ensure your transactions are safe. In addition, PayPal has over 20,000 staffs worldwide dedicated to keeping PayPal accounts safe, and stopping online criminals. And we work with Internet Service Providers (ISPs) worldwide to shut off fraudulent websites as soon as possible.PayPal ‘s Fraud Investigation Team is highly experienced in fraud prevention. Several members of the team were former law enforcement officials with extensive experience in fighting online fraud. PayPal’s fraud investigation team focuses on: Identifying and preventing fraud before it occurs, Detecting fraud in process Mitigating loss, if fraud does occur, Delivering information to law enforcement around the world to help stop those committing online fraud.I also got this mail from paypal:You’ve got new funds!Dear Customer (———–@yahoo.com)————@gmail.com Has sent you an instant payment using PayPal.———– is a Verified buyer .Payment Details :Amount:$ 150.00 USDPostage & Packing: INCLUDEDTransaction ID:******************Item Description:PSPShipping Option:(Usps Express Mail International (EMS)

Best answer:

Answer by Omya
loll u r screwed SWAT team on the waylollllll

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May 20, 2011

How come Law Enforcement/Bank Fraud Investigators don’ t Prosecute Crimes like ID Theft, Fraud,Grand Theft?

Filed under: Id Theft Fraud — Tags: come, Crimes, don', Enforcement/Bank, Fraud, FraudGrand, Investigators, like, Prosecute, Theft — admin @ 7:47 pm

Question by btexpress24: How come Law Enforcement/Bank Fraud Investigators don’ t Prosecute Crimes like ID Theft, Fraud,Grand Theft?

Best answer:

Answer by Pia
They do, if the made of money involved justifies the expense

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May 17, 2011

Q&A: What steps have you taken to protect yourself from fraud/id theft?

Filed under: Id Theft Fraud — Tags: fraud/id, from, Protect, steps, taken, Theft, yourself — admin @ 10:45 pm

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May 15, 2011

Fraud Prevention and Detection Tools

Filed under: Id Fraud Prevention — Tags: Detection, Fraud, Prevention, Tools — admin @ 1:45 am

NetSpend talks about LexisNexis Fraud Prevention and Fraud Detection Solutions and how they can help protect revenue by utilizing advanced fraud prevention technologies to deliver accurate intelligence and analytics about people, companies and assets.
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May 12, 2011

Postal Theft / Identity Fraud Caught on CCTV (London) 1 of 5

Filed under: Id Fraud — Tags: Caught, CCTV, Fraud, Identity, London, Postal, Theft — admin @ 4:47 am

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May 9, 2011

Id Theft Basics – How to Protect yourself

Filed under: Id Theft Fraud — Tags: Basics, Protect, Theft, yourself — admin @ 7:47 am

Id Theft Basics – How to Protect yourself

Current studies show that ID Theft is at epidemic proportions. The Federal Trade Commission surveys estimated that there are close to 9.9 million victims and growing by 2 to 3 million a year.

For individuals that are not victims of identity theft, the best thing you can do is check your credit report regularly, focusing on two categories.

* Inquiries from unfamiliar companies. Here we are talking about someone applying for something in your name in a state that you don’t live in. Remember inquiries are the result of you applying for credit.
* Unfamiliar Accounts (tradelines). Are there debts or new credit listed on your credit report that you are not familiar with?

There are 3 major Bureaus that provide services to monitor your credit report. These services give e-mails to you promptly if there are any changes to your report.

What to Do if ID Theft happens to you.

You want to keep a detailed log of events as you start the dispute process. You do this in case you run into problems with a creditor. The first step obviously is contact the 3 credit bureaus, local police, creditors, etc…… You keep detailed conversations logs with any of these entities you communicate with. Also keeps receipts, bills, or out of pocket expenses you incur during the process of disputing. I would also make note of the emotional stress and how it is affecting your work performance and personal relationships. In addition your expenses and time could be tax-deductible in certain circumstance.

Contact Law enforcement
Here is the properties procedure for contacting the authorities so you can file a formal report. You should include all fraudulent accounts in the report. As the Credit Bureaus say they are able to withdraw disputes, remember to keep a copy of the report number and contact info.
Who to contact:
* FTC.gov/bcp/coline/pubs/credit/affidavit.pdf
* Local Police Department
* FTC 800-438-4338 or 800?ID THEFT

Credit Bureaus – Steps to take with the CRAs

* Notify one of the credit bureaus fraud units that you are victim of Identity Theft. This Bureau will be responsible for telling the other 2 Bureaus. (Equifax: 800-525-6285; Experian: 888-397-3742; Trans Union: 800-680-7289)
* Tell Bureaus to flag you credit report with fraud alert
* Get a copy of your credit report with scores
* Once you have read your report, send a dispute letter, accompanied with police report along with the FTC fraud affidavit specifying which accounts are fraudulent.
* Subscribe to the Bureaus monitoring services of your assigning report
* Consider signing up for Trusted ID services which will block your credit report so only you tin use it.
* Ask the Bureaus to contact the creditors that fraudulent activities have taken place.

Debt Collectors- You will be getting calls from debt collectors more than likely. If they call you:

* Get the debt collectors companies name, address and there phone number. Let him or her know you are noting the time and date of the conversation in your log activity book
* Inform the collection agency you are a victim of Identity Theft
* Provide the FTC uniform fraud affidavit
* Ask for number and name of credit issuer.
* Send the debt collector a letter, stating that you do not owe this debt and that the account has been close.
* Request in writing that the account is being flagged as fraudulent, and is being closed. You also should request in writing that the fraudulent account is being removed from your credit report.

New accounted open in your name: the Identity Thief has opened new accounts in your good name: what to do. The credit report you pulled should list all creditors that have accounts in your name with contact numbers.

* Notify each creditor of the identity theft that has taken place to you. You will be asked to send a fraud affidavit. (Be sure to put all of this in your log)
* Ask the creditors to send you whatever application or fraudulent activity that has happened in your good name.
* Add passwords to all accounts
* If the thief has got a hold of your checking account, credit cards, get replacements with new numbers. Call and request these accounts to be closed as well.
* Fill out FTC uniform fraud affidavit.

Your Checking account- If the thief has written checks in your name here is what you do.

* Call your local police, and file a report
* Call your bank and close the account directly
* Remember to keep good logs
* Typically your bank will repaid you your money, and ask for a copy of police report register.

This stuff is serious business; I hope this will help you resolve issues involving identity theft to you.

May 6, 2011

Online Credit Report Says Don’t Become A Victim of ID Fraud

Filed under: Id Fraud Prevention — Tags: Become, Credit, Don't, Fraud, Online, Report, Says, Victim — admin @ 10:46 am

Online Credit Report Says Don’t Become A Victim of ID Fraud

Having our personal information stolen by Id fraudsters is higher than most of us would believe. These criminals use the stolen information to obtain credit cards, personal loans and finance agreements in our names that we are responsible for. Id fraud is on the increase and the banks and finance institutions do not want to acknowledge the full extent of the problem. Read on to find out more…..

And if you’re thinking of packing your bags and moving overseas to escape the crooks, forget it – Money Saving Expert found that 42 per cent of fraud took place out of the UK.

So you could become the latest ID fraud vitim? More importantly, what can you do to prevent it?

What’s the point of ID fraud?

ID fraud is an identical lucrative business. If criminals tin get hold of enough of your personal data, they can plum out your existing accounts and set up new ones, running up debts in your name and trashing your credit rating in the process.

How do they do it?

New scams are always emerging but here are some of the most common:

• Stealing your handbag or wallet to get hold of key information such as your full name, address, date of birth, perhaps a cheque book and a fistful of cards

• Raiding your waste bin in the hope that you have thrown away bank, card or loan statements

• Phishing – sending you an e-mail purporting to emanate from a bank, building society, lottery company or someone with a lot of money to infect off and inquiring you to participate entire personal and account data in order to reset your security measures/claim a prize/whatever they’ve conceived up this week

• Snooping on societal networks, looking for canonical personal information plus names and dates – children, pets, anniversaries – that might be used as passwords or PINs

• Copying your details from a card or ID when you use them lawfully in a shop or other outlet

When will I know I have been rent forth?The first you cognize anything is when you get a welcome letter from a credit card account you’ve ne’er heard of, you may have notification of a debt you don’t recognise or get turned downward for credit circumstantially. Your post might not twist up because it’s been intercepted or redirected. You may just detect an unfamiliar transaction on your bank or card statement.

The most mutual way to support ID fraud, according to the 2009 Victims of Fraud report from Experian credit report, is by checking your online credit report. Your credit report lists your credit card, loan and bank accounts and repayment history, so it’s easygoing to spot anything unfamiliar. Unfortunately, you could be in large trouble by the time you get this far – Experian’s Victims of Fraud support service discovered that, on mean, the people it aided last year took 416 days to notice what was going on.

Can you get my money rearward?

If you have acted responsibly, you should. That means you haven’t shared your PINs and passwords, given your card or cheque book to someone and have stated the relevant organisation as soon as you surmise something’s incorrect – for example, if you’ve lost your wallet or things have moved missing in a burglary. The terms and conditions of any account may qualify a little excess that you have to pay before they step in. The Infoseceurity survey found that 91 per cent of people who lost more than £5,000 got all their money back, while only 41 per cent of people who lost less than £100 were fully compensated – although this may have something to do with the persistence of the people involved.

What if new accounts have been set up in my name?You should get in engage with the relevant lenders immediately their contact details are on your credit report – and inform them what’s happened. You’ll need to supply proof. Experian’s Victims of Fraud service may be able to help you with this. Your aim should be to get the account cancelled and taken from your credit report – while they’re still there, you may find it difficult to obtain a new credit card, personal loan or bank current account, as lenders will see the chaos caused by the fraudster and may believe that you’re irresponsible and a bad risk.

How can I avoid becoming a victim?

Make sensible precautions part of everyday life. The Home Office recommends regular checks on your credit report as a good protection against ID fraud – the sooner you learn to spot a problem, the easier it will be to resolve.

Take the following steps:

• Shredding statements and other sensitive documents before binning them.

• Checking your statements carefully every month and always query unfamiliar entries.

• Limiting the information you put up on social networks to your name only if possible.

• Always delete unsolicited e-mails, never clicking through to linked websites and ignoring cold callers who ask for personal data.

• Never sharing your PINs, passwords, carding or other account information.

• Do not let anyone take your credit card or debit card out of your sight in shops, restaurants or hotels in case it’s being cloned in a back room.

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May 3, 2011

Credit Card Fraud, Company Policies – Prevention and Prosecution?

Filed under: Id Fraud Prevention — Tags: Card, Company, Credit, Fraud, Policies, Prevention, Prosecution — admin @ 1:53 pm

Question by Trenton T: Credit Card Fraud, Company Policies – Prevention and Prosecution?
It seems credit card companies could take more preventative measures in reducing fraudulent use of cards. Additionally, they take little to no action if a card is accounted lost or stolen and cooperation with law enforcement is comical. Is there a business or financial reason for this, and if so, why? Some ideas would be to issue a PIN like a debit card (which could be verbal for phone orders) and requiring the use of a government ID when making charges in person. I also question why they don’t assist law enforcement with reported cases, especially when a suspect or viable leads are developed? I’ve been involved in cases where company refuse to provide information to the victim/card holder and level withhold information from law enforcement departments. They simply release the payment obligation of the card holder, write it off, and hope the matter dissolves. We, as consumers, pay higher interest rates and service fees for this. Does anyone know why the companies don’t increase prevention and allow for better prosecution?

Best answer:

Answer by Matthew B
most banks do apply software to identify significant fraud threats (ie waaaay out of area purchases, purchasing outside normal purchasing patterns and the like). it’s the ones that look like normal purchases and patterns that are missed by the software.As to chasing, identifying and prosecuting the bad guys: there are several issues: 1) identifying the bad guys – unless the card is flagged and the used in a place where the bad ridiculed can be apprehended, it is almost impossible to find and arrest them after the fact.2) location – if the bank is in NY and the crime takes place in California, it is tough to file a criminal complaint and then, if they do do an arrest, appear in court as a witness without incurring significant expenses.3) size – the feds (Secret Service mainly) are lone interested in large dollar crimes. someone swiping a card and buying 30 gallons of gas and a carton of cigarettes before the card is frozen is not exactly a priority for the feds.Most banks are willing to accept a certain amount of loss via credit card fraud and are insured for losses above a sure amount as long as they show due diligence on placing, limiting and preventing credit card fraud. In addition, banks make a ton of money on credit cards (average interest rate is 15% and monthly balance is $ 2000ish) and so far the losses have not be sufficient to do them aggressively identify, limit and chase fraudsters. When they do incur those level of losses, things will change rather dramatically (and I doubt that we will like it)

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