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H.R. 5405, or the "Social Security Identity Theft Prevention Act" is a bill submitted to the U.S. House of Representatives on February 13, 2008, whose claimed purpose is: "To protect seniors from identity theft and strengthen our national security by providing for the issuance of a secure Social Security card. [1]
The term identity theft was coined in 1964. [1] Since that time, the definition of identity theft has been legally defined throughout both the U.K. and the U.S. as the theft of personally identifiable information. Identity theft deliberately uses someone else's identity as a method to gain financial advantages or obtain credit and other benefits.
In 2012, identity theft was blamed for $4 billion of fraudulent tax refunds by the Internal Revenue Service (IRS) [8] and 770,000 taxpayers have been the victims of tax identity theft by 2013. [9] A public-private initiative by the IRS and employers in 2016 resulted in a 50% drop in incidents of taxpayer identity theft reports. [10]
Hacks that expose the personal financial information of Americans soared to a record high of 3,205 in 2023, according to the nonprofit Identity Theft Resource Center. That total includes breaches ...
My identity was stolen. It was a nightmare. And it could happen to you. There are a few different ways you can become a victim of identity theft.
In both October 2017 and March 2018, Equifax reported that an additional 2.5 and 2.4 million American consumer records were accessed, respectively, bringing the total to 147.9 million. [ 42 ] [ 43 ] Equifax narrowed its estimate for UK consumers affected by the breach to 15.2 million in October 2017, [ 44 ] [ 45 ] of which 693,665 had sensitive ...
William Woods was homeless and living in Los Angeles when he learned that someone was wracking up debt using his name. But when he reported his concerns to the branch manager of a bank, he wound ...
As a result, a United States grand jury indicted Nikulin and three unnamed co-conspirators on charges of aggravated identity theft and computer intrusion. August 15: Saudi Aramco is crippled by a cyber warfare attack for months by malware called Shamoon. Considered the biggest hack in history in terms of cost and destructiveness.