Posts Tagged ‘credit card theft’

LifeLock’s new products are here to protect your identity

Thursday, August 28th, 2014

According to Javelin Strategy & Research, 13.1 million American end users were victims of identity fraud in 2013. CNN mentions that a new victim of identity fraud is reported about every 2 seconds!

What does this mean? It means you need the BEST identity protection out there: LifeLock®. With LifeLock, you can go far beyond just credit monitoring. You can see all your account activity – credit cards, debit cards, and bank accounts – in ONE secure place, all at affordable prices.

How does LifeLock protect your identity? LifeLock sends you an alert – phone, text, or e-mail – on transactions that exceed the threshold set on your accounts (cash, balance transfers, purchases, etc.). You can then review the transaction and make sure all the information is correct by clicking a “Yes” or “No” button. If you click “No,”
LifeLock will send you instructions to dispute this matter. There are only three steps; it’s that simple!

LifeLock cannot prevent identity theft, BUT it searches over one trillion data points per day to help protect you better than any competitor. Only LifeLock can monitor for identity fraud using such broad array of finances – financial institutions, merchants, banks, wireless carriers, etc.

With LifeLock’s new products – LifeLock Standard™, LifeLock Advantage™, and LifeLock Ultimate Plus™ – you can be sure to have a plan that caters to your needs at the best price available.

LifeLock Standard™ protects your identity from fraudulent activity with the following for ONLY $9.99/month:

•LifeLock Alert System
•Lost Wallet Protection
•Address Change Verification
•Reduced Pre-Approved Credit Card Offers
•Black Market Surveillance

The LifeLock Identity Alert System detects suspicious activity on all of your accounts and alerts you through phone, text, or e-mail.

You can call Lost Wallet Protection anytime and anywhere if your wallet goes missing. LifeLock will assist you in canceling and replacing the contents of your wallet – credit and debit cards, driver’s license(s), Social Security cards, insurance cards, checkbooks, and travelers checks – preventing fraudulent charges on your account. LifeLock will not be responsible for cash, cash equivalents, and pictures lost in your wallet.

LifeLock will alert you and have you verify anytime an address change has been made under your name.
LifeLock can also reduce the amount of irritating pre-approved credit card offers you receive.

The Black Market Surveillance system LifeLock provides monitors over 10,000 criminal sites, further protecting you.

Want to step your protection up just a notch? Try LifeLock Advantage™ for even more protection at ONLY $19.99/month! The Advantage program includes the following additional services:

•Fictitious Identity Monitoring
•Court Records Scanning
•Data Breach Notifications
•Online Annual Credit Reports and Scores – 1 Credit Bureau
•Credit Card, Checking and Savings Account Activity Alerts

Fictitious Identity Monitoring, which scans names and addresses associated with your Social Security number in public and credit record sources so your identity can be protected before a stranger steals your identity and commits fraud under your name.

Your credit card, checking and savings account will be continuously monitored – cash withdrawals, balance transfers, and large purchases – for fraudulent activity.

Personal information is everywhere, including banks, insurance companies, employers, and even your favorite retailers. LifeLock will alert you of publicly reported large-scale breaches so you can better protect yourself from fraudulent activity.

LifeLock will also check court records with your name and date of birth in case you become fraudulently associated with false arrests and convictions unknown to you.

LifeLock can provide you with online access to annual credit report, as well as and annual credit score from a major credit bureau. The credit score will even include a list of top factors used to determine your score so you can better understand what lenders are looking for.

Still not convinced? Check out LifeLock Ultimate Plus™! For ONLY $29.99/month, this Ultimate package includes all the aforementioned services, as well as:

•Investment Account Activity Alerts
•Online Annual Credit Reports and Scores – 3 Credit Bureaus
•Checking and Savings Account Application Alerts
•Bank Account Takeover Alerts
•Credit Inquiry Activity
•File-Sharing Network Searches
•Sex Offender Registry Reports
•Monthly Credit Score Tracking

LifeLock will alert you if someone tries to open a new account – checking and savings – under your name, not only in your bank, but all banks. This identity protection is continuously searching for your personal information pertaining to new bank account applications, from coast to coast, at national banks, local banks, and credit unions.

Did you know that an identity thief have the ability to take over your online bank accounts and add themselves as a new account holder? LifeLock monitors activity changes such as this and alerts you right away.

LifeLock protects your hard earned investment profits as well by sending you alerts if any cash withdrawals or balance transfers are made from your investment accounts.

This service also searches through music, photo, and data file-sharing networks for unnecessary exposure of your name, date of birth, Social Security number, and email or contact information.

LifeLock also alerts you if a registered sex offender has moved into your zip code, and if the offender lists your address as a way to avoid detection.

This best value package provides you with credit reports and credit scores not from only one, but from all three primary credit bureaus – Equifax, TransUnion and Experian. Included, also, is a monthly single-bureau credit score tracker so you can identify significant changes and keep track of your credit over time.

LifeLock also features a LifeLock Junior™ service that can be added to your chosen adult package to ensure that your child’s credit maintains a clean slate. This service includes monitoring your child’s information – name, date of birth, and Social Security number – in applications for credit and services, black market surveillance, file-sharing networks, and certified credit resolution support.

Cherry on top? LifeLock has a $1 million total service guarantee to help protect you. If you become a victim of identity fraud, LifeLock will spend up to $1 million to hire professionals – experts, lawyers, consultants, etc. – to aid your recovery.

DON’T wait until you are already a victim of the ever-increasing identity theft predicament. Join LifeLock TODAY and have our 24/7/365 live member support team put your mind at ease and keep your identity safe!

Connect online, commit a crime

Wednesday, April 4th, 2012

Today’s world is a place where anyone can be connected with anyone else, and for any purpose. This means that you can connect with a long-lost friend or relative, you can connect with someone for business purposes or you can connect with someone in order to commit a crime.

And thanks to the Internet, anyone can purchase a device to help them obtain the financial information needed to comment credit card fraud. For less than $100, a thief can obtain a skimmer online, then use it to drain an unsuspecting victim’s bank account.

A skimmer is a device that can be attached to an ATM machine or gas pump, or even to a point of sale machine inside a retail store. The device captures the card’s data when the card is swiped, and records it. On ATM machines, criminals often install tiny cameras, in addition to the skimmer, to capture the victim inputting a PIN.

Once the information is collected, it can be used by the thief who collected it, sold on the black market, or the information can be used to make cloned cards, which can be used by the thief or sold for cash.

Skimming has become a billion dollar industry. Cloned cards have been used to withdraw more than $1 billion all over the world in the past decade.

Protect yourself and your cards. Cover the PIN pad when you input your number. Check the machine thoroughly before you insert your card, to be sure nothing is amiss. Pull on the card inserter, and poke at the PIN pad. If something is loose or seems out of place, report it immediately and do not use your card in that machine.

Ask to scan your own card at restaurants whenever possible

Friday, March 30th, 2012

Be vigilant when you fill up your tank

Friday, March 23rd, 2012

Endure the ‘attitude’ – keep your card safe

Wednesday, February 15th, 2012

When it comes to financial identity theft, there are basically two types: new account fraud and account takeover. New account fraud happens when someone opens a new account in your name and then doesn’t pay the bill. Account takeover happens when a person gets your financial information and uses it to take over your existing credit or bank accounts.

But thieves also use a technique called “ghosting,” in which they create fake Social Security numbers. Once a phony SSN is used successfully the first time, the thief can then use it to create new accounts, obtain jobs, get mortgages, buy cars, etc.

It’s not uncommon for the thief to have a little inside help. The thief will sometimes pay an employee at a store in order to manipulate the system and obtain a store credit card, which he will then use to establish the credit he needs to obtain more accounts.

It’s also become a common thing for store and restaurant employees to use skimmers to scan credit and debit cards to steal the information for their own use. It’s easy to do: they simply scan the card in the point of sale machine the store issued like they’re supposed to, but they also quickly scan the card through the skimmer as well, out of the sight of the card owner.

This is why it is important whenever you use your credit or debit card in public to never let it leave your sight. When in a restaurant, ask if the card can be processed in front of you, or go with the waiter to watch as he scans it. Same goes for a retail situation.

Doing this may get a few strange looks or a little attitude thrown your way – but it’s worth it if it keeps your card protected.

Identity theft rampant during the holidays

Friday, December 9th, 2011

Experts say you are responsible for your own safety against skimming

Friday, December 2nd, 2011

Consumers warned: Don’t be complacent this holiday season

Thursday, December 1st, 2011

A new study by the U.S. Department of Justice shows that more and more Americans are falling victim to identity theft. In 2010, an estimated 8.6 million households experienced some form of identity theft, up from 6.4 million in 2005.

Households headed by a person 65 years of age or older had the lowest rate of identity theft, 3.3 percent, about half that of other age groups, the DOJ findings stated. Households in the highest income category, $75,000 or more, are far more likely to experience identity theft, 12.3 percent, than those with poorer income. Over half of the households that experienced identity theft reported no direct financial loss.

Most of the increase in identity theft is attributed to the unauthorized use of credit cards, but it also includes the misuse of banking, savings, PayPal and other types of financial accounts as well.

According to DOJ findings, consumers experienced about $13.3 billion in financial losses due to identity theft in 2010, which the average loss per person falling somewhere around $2,200.

The report comes just in time for the holiday season, and offers a sobering reminder to shoppers this year.

During the rush of the season, it’s easy for consumers to become complacent regarding the safety of their financial and personal information. Thieves know this, and definitely take advantage of it.

To reduce your risk, avoid using debit cards, and instead use only cash or credit cards. Debit cards are linked directly to your bank account, while credit cards offer consumer protection. Consumers should also keep their eyes open for skimming devices, which can appear everywhere from ATMS and gas pumps to point of sale machines in department stores and restaurants.

Many shoppers are using their smartphones while out shopping. Doing so raises the potential for identity theft for consumers. Don’t shop remotely on unsecured networks, make purchases at unfamiliar websites, and be sure to check your account statements.

Shop smart on Cyber Monday

Monday, November 28th, 2011

According to the National Retail Federation, more than 100 million Americans will shop today, Cyber Monday. And shoppers are being urged to be extra careful, so they can avoid identity theft and fraud. Here are some tips to help you stay safe.

First, stick with online retailers you recognize. Don’t shop at sites you are unfamiliar with. If you run across a site that bears an unknown domain name or is misspelled, that’s a huge red flag – move on to a different site.

If you find an item you wish to purchase, make sure that the site is secure before you enter your credit card information. You’ll know it’s secure if you see “https” in the URL instead of just “http.”

You should plan to use your credit card to shop, rather than your debit card. Your debit card is a direct link to your bank account. Credit cards provide greater consumer protection and less liability.

If you are physically shopping at a store, make sure you only carry the credit or debit card you need. Do not carry extra cards, your check book, or Social Security card with you. If your wallet is stolen or lost, you’ll be out of luck if it’s full of this extra information.

Last of all, make sure you check out any machine you are using before you swipe your card. Thieves are using devices called skimmers, which can be attached to point of sale machines in stores, ATMs and even gas pumps. Don’t swipe your card if the device looks out of place, and if you choose to use the device, shield your PIN or ask the cashier to run your card through the register rather than the card reader if the card reader looks strange to you.

Watch out for skimming in drive-thrus

Monday, November 21st, 2011

A Detroit couple were stumped for weeks – a series of liquor store charges appeared on their debit card, and they had no idea how the charges got there.

About $150 in charges for various liquors were charged at four different small liquor stores in Detroit.

The couple finally saw a story in a newspaper about a woman who worked at McDonald’s, who was charged with stealing customers’ debit and credit card information while working in the drive-thru at the fast food restaurant. She used a skimming device to obtain the data.

The Detroit couple saw the story and immediately realized they had been victimized by the woman. After doing some research and looking at receipts, the couple realized they weren’t 100 percent sure the woman had stolen their information as well. But the incident was enough to teach them a lesson.

The couple spent more than a month trying to clear the mess up with their bank.

The thief in this case, used a simple technique: She held the device in her left hand and swiped the card with her right hand, out of the line of vision of the customers. The thief stole more than 100 customer credit and debit cards, and said she would steal the data from about 15-20 cards each shift she worked.

She received the skimmer from an unidentified source, who she said paid her more than $1,000 for providing the stolen data. For each card she skimmed, she was paid an additional $15. The thief now faces up to 15 years in prison.

When going through a drive-thru, it’s best to pay in cash. However, it’s not very practical in this day and age. So just keep your eyes open and never take them off your credit or debit card. Don’t let a restaurant employee take your card out of sight, for even a second. You could regret it, like the couple in Detroit, if you do.