Articles about ID Theft

It's human nature to have an, 'it can't happen to me' approach to life's mishaps, whether it's being involved in a traffic accident or falling victim to cybercrime.

But of course these things do happen to someone. When it comes to identity theft, Home Security Heroes has taken a more scientific approach to determining how likely you really are to become a victim.

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Personal employee or customer data accounted for nearly half (45 percent) of all data stolen between July 2021 and June 2022 according to the latest report from Imperva.

Companies' source code and proprietary information accounted for a further 6.7 percent and 5.6 percent respectively. On a more positive note, the research finds that theft of credit card information and password details has dropped by 64 percent compared to 2021.

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First held in 2021, Identity Management Day seeks to inform about the dangers of casually or improperly managing and securing digital identities by raising awareness and sharing best practices across the industry.

Today's second celebration of all things identity management -- you may have noticed the Identity Management Day eggs and bunnies in the shops (oh, they're for something else?) -- has sparked comment from many industry figures and we round up some of their thoughts below.

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New research from Akamai Technologies reveals that financial services firms suffered 3.4 billion credential stuffing attacks in 2020, a 45 percent year-on-year increase.

The report also observed nearly 6.3 billion web application attacks in 2020, with more than 736 million targeting financial services -- an increase of 62 percent from 2019. Over the past three years (2018-2020), DDoS attacks against the financial services sector grew by 93 percent.

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Security has become slightly more difficult these days given that many people are now working at home and online. That’s just the beginning of the headaches for firms. 

SentiLink, a leading security company, is trying to fight back against identity fraud with a new ID Theft Scores program. This is designed to complement its Synthetic Scores that are already in place and used by used by many top financial institutions in the US. 

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