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Facebook Small Business Grants Spark Identity-Theft Scam

Threatpost

The cybercrooks spread the COVID-19 relief scam via Telegram and WhatsApp, and ultimately harvest account credentials and even pics of IDs.

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Business ID Theft Soars Amid COVID Closures

Krebs on Security

Identity thieves who specialize in running up unauthorized lines of credit in the names of small businesses are having a field day with all of the closures and economic uncertainty wrought by the COVID-19 pandemic, KrebsOnSecurity has learned. For 2020, the company estimates an overall 258 percent spike in the crime.

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How To Prevent Business Identity Theft

SiteLock

Identity theft is the fastest growing crime in the history of America, and businesses are not immune. There were more than 16 million victims of identity theft in the U.S. With so many crimes and criminals in circulation, don’t make the mistake of assuming that it will never come creeping into your business.

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Confessions of an ID Theft Kingpin, Part II

Krebs on Security

Ngo was recently deported back to his home country after serving more than seven years in prison for running multiple identity theft services. But the Secret Service discovered his various accounts at these data brokers and had them shut down one by one. By this time, his ID theft services had earned roughly USD $3 million.

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5 Data Breaches You May Have Missed

Identity IQ

This leaves victims of the data breaches vulnerable to identity theft. Small Business Administration. At the beginning of the pandemic shutdowns last March, businesses were beginning to apply for emergency assistance through federal programs to stay afloat and keep employees on the payroll.

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Identification Documents: an Obsolete Fraud Countermeasure

Security Boulevard

But since 2016, Nkwenya had actually been making it under another business: Creating counterfeit driver's licenses to enable a multitude of romance frauds and scams. In one example BEC case, $2,328,842 was stolen from the victim by tricking them into send funds to the wrong accounts. Million in proceeds from Medicaid.

Banking 72
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Hacked Data Broker Accounts Fueled Phony COVID Loans, Unemployment Claims

Krebs on Security

A group of thieves thought to be responsible for collecting millions in fraudulent small business loans and unemployment insurance benefits from COVID-19 economic relief efforts gathered personal data on people and businesses they were impersonating by leveraging several compromised accounts at a little-known U.S.