Timothy Darrell Fultz was charged with creating 38 fake IDs and stealing more than $150,000 from an unclaimed funds website.
Plaintiffs claim that stolen personal information was sold and used for fraud and identity theft.
Concerns over identity theft affecting senior citizens prompted the hearing.
A 14-member gang alleged to have used stolen identities in a tax refund scheme have been charged in five criminal complaints with conspiracy to defraud the United States and other counts of theft of government property.
With fraud complaints more than doubling over the past five years, protecting private information is more critical than ever for those who rely on the internet for communicating personal and financial data.
The defendants were part of a coordinated operation that resulted in the theft of more than $2 million from JP Morgan Chase Bank, TD Bank, Citibank, Discover and American Express.
While TD Ameritrade maintains that no identity theft resulted because of a 2007 breach, it has decided to compensate customers "in the interest of helping ease" their concerns.
The organized structure of a huge identity theft operation, based in New York, allowed members to make millions in profits.
Three men in their 30s used low- and high-tech means to install malware to steal banking credentials and credit numbers from dozens of businesses, according to federal prosecutors.
A man who pleaded guilty to wire fraud and identity theft charges received a 14-year prison sentence.
The cost of digital crimes now rivals the illegal drug trade, according to a new report from Symantec.
A Long Beach, Calif. man was sentenced Thursday to 12 years, seven months in prison for orchestrating a phishing operation that duped at least 38,500 people, according to federal prosecutors in Sacramento. In September, That Tien Truong Nguyen, 34, pleaded guilty to computer and access device fraud charges for creating fake banking websites designed to trick unsuspecting users into divulging their personal information. Nguyen, who was arrested for the crimes in 2007, sold the stolen data to co-conspirators, who opened up credit lines to make purchases. He reportedly perpetrated the scam to support a meth habit.
Rogelio Hackett Jr., 25, of Lithonia, Ga., stole more than 675,000 stolen credit card numbers used to conduct fraudulent transactions totaling more than $36 million.
The Obama administration released the final version of its National Strategy for Trusted Identities in Cyberspace, the goal of which is to create a so-called identity ecosystem where online transactions are more trustworthy.
Consumers are not familiar enough with the dangers of medical identity theft, according to a Ponemon study released this week.
Multiple New Jersey state agencies left confidential information on computers set to be sold at auction, according to an audit.
For the 11th year in a row in 2010, identity theft ranked as the top consumer complaint filed with the Federal Trade Commission (FTC), the agency announced this week. Nineteen percent of the 1.3 million complaints fielded by the agency were related to America's fastest growing crime. Complaints around debt collection; internet services; prizes, sweepstakes and lotteries; shop-at-home and catalog sales; impostor scams; internet auctions; foreign money and counterfeit checks; telephone and mobile services; and credit cards rounded out the top 10. - DK
Services providers such as lawyers, doctors and accountants will not have to comply with the Federal Trade Commission's Red Flags Rule.
Lawyers, doctors and accountants may avoid having to comply with the Federal Trade Commission's new identity theft rule.
Medical records could become compromised during transmission, on the patient's computer, or at any number of multiple points of storage.
The U.S. Department of Justice on Thursday charged 53 individuals in New Jersey in connection with a widespread identity theft and fraud ring.
A survey gauging public awareness over the need for internet safety and security confirms the need for a new national messaging campaign, according to two nonprofits.
A federal judge in Illinois has ordered the shutdown of a well-orchestrated operation that made fraudulent credit and debit card charges — often for as little as 20 cents at a time — to dupe victims out of millions of dollars.
The Federal Trade Commission is, for the fifth time, pushing back the deadline for financial institutions and creditors to comply with the Red Flags Rule.
Several individuals have been charged for their involvement in a sophisticated fraud ring that used stolen identities of the dead to obtain fraudulent income tax returns totaling $4 million.
LifeLock will pay $11 million to the Federal Trade Commission (FTC) and $1 million to a group of 35 state attorneys general to settle charges that the Tempe, Ariz.-based company made false claims that its product could prevent identity theft.
Three California men each are facing two dozen charges for running a sophisticated identity theft ring which netted them nearly $2 million, the Los Angeles County district attorney's office announced Monday. Albert Jose Gonzalez, 39, of Lancaster, Josue Gustavo Albizuras, 42, of Los Angeles and Cesar Vasquez Echeverria, 28, of Santa Clarita installed skimmer devices on computerized pay pumps at gas stations to steal customers' credit and debit card information. The men, who have pleaded innocent, were arrested Feb. 25 after a three-year investigation by members of the Los Angeles Sheriff's Department and the FBI. — AM
Incidents of identity fraud and the total cost of fraud once again climbed last year, but consumers are becoming better equipped to respond to the occurrences of theft, according to a report released Wednesday by Javelin Strategy & Research.
Enforcement of the Red Flags Rules has been put off again -- this time until next summer, at the request of Congress.
A New York computer technician has been charged with stealing the personal data of Bank of New York Mellon employees.
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