Tag Archives: Identity Theft

These Are U.S. Consumers’ Top 5 Complaints

by Krystal Steinmetz, Money Talks News

Debt collection gripes made up 29 percent of the complaint calls to the FTC last year, while 16 percent of the complaints were related to identity theft. … “We recognize that identity theft and unlawful debt collection practices continue to cause significant harm to many consumers,” Jessica Rich, director of the FTC’s Bureau of Consumer Protection, said in a statement. “Steps like the recent upgrade to IdentityTheft.gov and our leadership of a nationwide initiative to combat unlawful debt collection practices are critical to our ongoing work to protect consumers from these harms.” Read More ›

ID Theft Puts Privacy And Financial Security Of Medical Patients, Taxpayers – Even Children – At Risk

ID thief runs out of laptop screen

There were 12.7 million adult victims of identity theft nationwide in 2014, including over 1.5 million in California, according to the California Attorney General’s Office. “My educated guess is that nearly every adult in the U.S. has been affected by at least one breach involving their Social Security number and/or sensitive personal financial information. Most people have likely been affected by more than one breach,” said Beth Givens, Executive Director of the nonprofit Privacy Rights Clearinghouse. Givens predicts health care institution breaches will continue to be big stories in 2016. Other likely targets are educational institutions and government agencies. Read More ›

Why Procrastinating With Your Tax Return Could Cost You

by Jonnelle Marte, Washington Post

George Thomas / Flickr

“It’s even more important this year to file early,” says Melissa Labant director of tax advocacy for the American Institute of CPAs. “The later [people] wait, the more they increase the chances of having a criminal file on their behalf.” Take a look at what happened last year. On Feb. 5, Intuit, the maker of TurboTax, temporarily stopped processing state tax returns after noticing a surge in suspicious filings. Some states later reported that fraudulent activity had multiplied by nearly 40 times — and it was only a little more than two weeks into the filing season. Read More ›