Remove Federal Trade Commission Remove Identity Theft Remove Social Security
article thumbnail

FTC Announces New Medicare Cards And Scam Prevention Tips

PYMNTS

The Federal Trade Commission (FTC) has announced that new Medicare cards will be mailed out starting next month. The new cards are being issued to protect consumers from identity theft. With that in mind, Medicare is removing Social Security numbers from its cards and replacing them with a unique Medicare number.

FTC 49
article thumbnail

Fraudsters Find New Opportunities With Vaccine And Stimulus Scams

PYMNTS

Earlier this month, the Federal Trade Commission and the Better Business Bureau both issued alerts warning people to watch out for phony messages alluding to access to a vaccine. million in coronavirus-related fraud this year and 38,792 cases of identity theft. The FTC marked $201.26

Scams 84
article thumbnail

What to do if your company suffers a data breach

VISTA InfoSec

The Federal Trade Commission (FTC) recommends that companies notify law enforcement as soon as possible by contacting local FBI or U.S. Communicate clearly A data breach can expose people’s personal, financial, and health information, and in some cases, social security numbers can be taken too.

article thumbnail

5 Ways to Protect Yourself Against Tax Refund Fraud

FICO

Filing early will reduce the chances that a financial criminal will use stolen personal information (your name and Social Security Number [SSN] or Tax Identification Number [TIN]) to file a fraudulent tax return first, snatching, literally, a refund out of your hands. Don’t share your Social Security Number.

article thumbnail

Experts May Overestimate SMBs’ Understanding Of Cyber Threats

PYMNTS

Federal Trade Commission (FTC) the latest to place emphasis on the importance of safeguarding data and systems. Looking at research from the Identity Theft Resource Center, QuickBridge pointed to small businesses in the healthcare, banking and finance, and retail sectors as particularly popular targets for cyberattackers.

FTC 73
article thumbnail

How to Protect Your Children from Identity Fraud

FICO

Industry estimates attribute around 80% of credit card fraud losses to synthetic identity fraud and child identity theft. (On On a clarifying note, synthetic identity creation is sometimes considered first-party fraud, whereas identity theft is considered third-party fraud. How Fraudsters Target Children.

article thumbnail

10 Tips to Protect Your Personal Information

Center for Payments

By Madison Howard, Manager, Member Communications, EPCOR Of those who have experienced identity theft, which happens when someone utilizes your personal information to commit fraud, many share that it is an overwhelming and mentally draining experience. Protect your social security number. Watch your mailbox.