10,000 Identity Fraud Rings Uncovered in the USA

Posted by Joachim Bartels | Nov 16, 2012 | Credit Management, Data Security / Data Theft, ID Analytics Inc, Identity Theft Protection, United States | 0 |

Security company ID Analytics has uncovered 10,000 identity fraud rings in the U.S. The company found the rings after studying 1.7 billion credit card and cell phone account applications and finding similar names, addresses and email addresses. ID Analytics provides the engine behind the LifeLock data protection service for consumers and was recently bought by LifeLock.

The surprising aspect of the analysis is the fact that most fraud rings operate from rural areas and they appear to be groups of families. People with good credit standing beware: Your ‘friendly rural neighbor’ may be ‘borrowing’ your identity.

Source: ID Analytics Press Release

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Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

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