article thumbnail

8 Common Identity Theft Scams

Identity IQ

Would you believe that incidents of identity fraud increased by more than 40% from 2019 to 2020? Identity Theft: The Stark Reality found financial loss related to identity theft rose by approximately 42% in 2020. The answer is education is your best defense. Child Identity Theft.

article thumbnail

IDIQ Joins Identity Theft Resource Center in Releasing New Report on Trends in Identity Theft and Scams

Identity IQ

This report explores key findings based on contacts from nearly 15,000 reports to the ITRC of identity compromises, misuse, and abuse from individuals across the country. The report found 80% of identity compromises were due to a scam, a 3% increase from the previous year.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why Child Identity Theft Grows During Tax Season

Identity IQ

Why Child Identity Theft Grows During Tax Season IdentityIQ In the intricate web of financial transactions, tax season unveils a concerning trend — the alarming growth of child identity theft. Taking precautions and investing in protective measures can help mitigate the risk of potential identity theft.

article thumbnail

IDIQ Chief Marketing and Innovation Officer Michael Scheumack Joins the Identity Theft Resource Center’s Alliance for Identity Resilience Advisory Board

Identity IQ

Scheumack is a cybersecurity expert with more than 20 years of experience in the financial, credit, and identity theft protection industries. Scheumack is a cybersecurity expert with more than 20 years of experience in the financial, credit, and identity theft protection industries.

article thumbnail

FTC Recognizes Identity Theft Awareness Week

Identity IQ

FTC Recognizes Identity Theft Awareness Week. The Federal Trade Commission is commemorating Identity Theft Awareness Week with a series of free events focused on raising awareness and educating consumers about the growing risk of identity theft. A typical example is the phony delivery scam.

article thumbnail

Identity Theft: Increasing in Numbers in 2023

Security Through Education

What is Identity Theft? The DOJ defines identity theft as “all types of crimes in which someone wrongfully obtains and uses another person’s personal data in some way that involves fraud or deception, typically for economic gain.” If a criminal has enough of these elements, they can quickly be used in identity theft.

article thumbnail

How Are Elderly Americans Vulnerable to Identity Theft?

Identity IQ

How Are Elderly Americans Vulnerable to Identity Theft? Elderly Americans are facing a drastic increase in cybercrime, identity theft and financial abuse. The fact is, older Americans are a popular target for criminals who seek to scam their victims out of their identity and money. Scams that Target Seniors.