PYMNTS

MARCH 7, 2018

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

FTC Scams Identity Theft Federal Trade Commission 49

PYMNTS

OCTOBER 30, 2018

Federal Trade Commission (FTC) the latest to place emphasis on the importance of safeguarding data and systems. Late last week, the FTC rolled out a series of informational resources for nonprofits and small businesses (SMBs) to heighten awareness and understanding of cybersecurity threats and how to mitigate them.

FTC 73

FTC Cybersecurity Small Business Federal Trade Commission 73

PYMNTS

DECEMBER 17, 2020

As of September 2020, the FTC reported that there had been $145 million in pandemic-related scams. The FTC marked $201.26 million in coronavirus-related fraud this year and 38,792 cases of identity theft. Stimulus scams have been running all year , as have COVID-connected attempts to heist consumers’ funds.

Scams 84

Scams IRS Federal Trade Commission FTC 84

VISTA InfoSec

JUNE 21, 2023

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. Secret Service offices.

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Data Breach Breach Law Enforcement Cybersecurity 130

PYMNTS

NOVEMBER 6, 2017

The Social Security number (SSN) was never meant to get this much attention. Yet those nine numbers have become a standard bearer for identity verification, a gold mine for fraudsters – maybe rendered moot by the huge breaches at Equifax and other companies.

Security 43

Security Consumer Office of the Comptroller of the Currency Identity Theft 43

FICO

AUGUST 12, 2019

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.

Identity Theft 40

Identity Theft Federal Trade Commission Credit Cards Social Security 40