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CBC's Synthetic Identity Fraud detection solution compliments the current suite of fraud detection tools available with CBC's eCredit Complete software.
Sixty percent of identity fraud against children is
This stands in marked contrast to identity fraud among adults, where ECF dominates the fraud landscape.
Part of the reason for the prevalence of identity fraud, according to Linda Sherry, director of national priorities at Consumer Action, is that Americans' privacy rights are dictated by "a spotty patchwork of federal and state laws that are inadequate to ensure that consumers are protected and have a say as to what's done with their personal information." These include specific rules or laws about credit-related data, under the Fair Credit Reporting Act (FCRA), medical data under the Health Insurance Portability and Accountability Act (HIPAA), and children's data under the Children's Online Privacy Protection Act (COPPA).
* Record high incidence of identity fraud. In 2017, 6.64% of consumers became victims of identity fraud, an increase of almost one million victims from the previous year.
How to Unmask and Stop Identity Fraud's Drain on Our Government lives up to its title as an expose of holes and weaknesses in the American government's security.
"Our concern is a lack of awareness about identity fraud making it even easier for fraudsters to obtain the information they need."
But of course, prevention is better than cure, so here are my tips to prevent identity fraud: Obtain Protective Registration with Cifas - the UK's independent fraud prevention service.
* 85 percent of identity fraud cases involved the use of existing accounts such as credit card or bank accounts.
Identity fraud victimized 12.6 million adults in the United States last year.
Sydney, July 29 ( ANI ): The Australian Taxation Office (ATO) has reportedly warned the social media users about their vulnerability to possible identity fraud following a multi-prolonged identity fraud attack earlier this year.