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Credit Card Fraud VS. Debit Card Fraud: Are you Protected?

Identity IQ

Consumer protection laws differ in each case and knowing the differences can help to keep your accounts safe from identity theft. While there are protections for both, you can face more liability for fraudulent charges than if you’d used your credit card instead. When Should I Use a Credit Card?

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FTC Warns US Citizens of ‘Instant Cash Payments’ Scammers Impersonating the Agency

Hot for Security

The US Federal Trade Commission (FTC) has released information on scammers impersonating the agency, warning the public that the criminals operate a spoofed website to trick consumers into disclosing financial information, with a tantalizing promise of instant cash.

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Can “Buy Now, Pay Later” Apps Be Trusted with My Personal Data?

Identity IQ

Considering this type of app is a new concept, it’s not fully regulated like banks or mortgages, at least, not yet. The Consumer Financial Protection Bureau recently asked several buy now, pay later, or BNPL, providers for information related to some concerns it has about short-term installment plans.

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Scary Fraud Ensues When ID Theft & Usury Collide

Krebs on Security

27 — Thanksgiving Day weekend — Jim got a series of rapid-fire emails from MSF saying they’ve received his loan application, that they’d approved it, and that the funds requested were now available at the bank account specified in his MSF profile. Then on Nov. A portion of the Jan.

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Credit Freezes are Free: Let the Ice Age Begin

Krebs on Security

If you’ve been holding out because you’re not particularly worried about ID theft, here’s another reason to reconsider: The credit bureaus profit from selling copies of your file to others, so freezing your file also lets you deny these dinosaurs a valuable revenue stream. But it also includes a silver lining.

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Common Holiday Scams and How to Avoid Them

Identity IQ

Never share personal information or banking details with unsolicited callers or emails. Stay informed and aware: Keep yourself updated on the latest holiday scams and trends by reading reputable blogs , news sources, and consumer protection websites. Avoid purchasing gift cards from online auctions or marketplaces.

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Me on the Equifax Breach

Schneier on Security

Hearing on "Securing Consumers' Credit Data in the Age of Digital Commerce". Subcommittee on Digital Commerce and Consumer Protection. As a result, all 143 million US victims are at greater risk of identity theft, and will remain at risk for years to come. Before the. Committee on Energy and Commerce.