identitytheft
By Dawn Kawamoto, The Motley Fool
| 7:00AM 1/05/2012
You're not going to fall for the old Nigerian prince scam anymore -- but the fraudsters know that, and they've moved on, too. Here are some financial scams that made the rounds in 2011 -- and will likely be back in some form this year.
| 8:00AM 12/08/2011
Traditional phishing -- where hackers attempt to acquire personal data from individuals in hopes of defrauding them -- is bad enough. But even more alarming is the rise of a new kind of attack: "spear phishing."
| 6:30AM 11/11/2011
Each year, a disturbing number of women fall prey to fraudsters posing as U.S. servicemen, who woo them long-distance, then ask for cash. "A couple of years ago we were getting hundreds of calls a year about this scam," says Christopher Grey of the Army Criminal Investigation Command. "Now we get thousands."
| 7:00AM 11/08/2011
This is International Fraud Awareness Week, when various companies and nonprofit organizations work to educate people about how to avoid becoming victims of financial fraud. And we need the help: Last year, American consumers lost more than $1.7 billion to financial scams.
| 7:00AM 10/11/2011
Even as many Americans struggle to make ends meet, scammers are plotting all sorts of sneaky ways to rob them of their money -- and in millions of cases, they succeed. When it comes to these cons, the best offense is a smart defense, so here's an intro course in how to spot the latest scams.
| 1:52PM 10/07/2011
Bank tellers, restaurant workers and other service employees in New York lifted credit card data from residents and foreign tourists as part of an identity theft ring that stretched to China, Europe and the Middle East and victimized thousands, authorities said Friday.
In total, 111 people were...
| 7:00AM 8/31/2011
It looks like an ordinary cash machine, and you type in your PIN without a second thought. But there's a hidden device recording your ATM card's magnetic strip, and capturing your PIN. Big money is about to vanish from your bank account. Or maybe not: Here's how to prevent skimmers from getting their hands on your data.
| 2:30PM 8/17/2011
Each year, some 14,000 people are wrongly declared dead by the Social Security Administration, CNNMoney reports. Data-entry errors can lead to major financial turmoil for victims of these mistakes, who they can lose their benefits and credit.
| 9:00AM 8/11/2011
With all the hackers in the headlines, you might be feeling more hesitant to offer up your credit card numbers while shopping online. Virtual credit card numbers offer one possible solution. But don't expect them to be infallible.
| 8:00AM 6/29/2011
At least 16% of Americans have engaged in some kind of identity fraud -- lying about their Social Security number, name or birthday -- on applications for goods and services, a new study reveals. That's 45 million people trying to game the system, and every time one succeeds, he or she may be making trouble for you.