Identity theft is once again the top consumer complaint in America, according to data received by the Federal Trade Commission and released in the agency’s 2012 annual report of complaints.
In all, the FTC received more than two million complaints from U.S. consumers in 2012. That was a record number of consumer complaints and it marked the first time that customer gripes to the watchdog agency surpassed the two million mark.
Complaints about identity theft represented the lion’s share of consumer problems. ID theft complaints comprised 18% of all consumer grievances logged with the FTC in 2012.
It was also the 13th year in a row that consumer woes over identity theft led the FTC’s complaint list.
Even more troubling, FTC officials reported that 43% of all identity theft complaints were related to tax or wage-related fraud – a massive and growing problem that the IRS and states nationwide are struggling to contain.
According to the FTC, here is a list of the top 10 consumer complaints in 2012: [continue reading…]
Tax fraud is on the rise, according to federal authorities.
Before the April 15 tax-filing deadline arrives, scores of Americans will become victims of tax-related identity theft, as criminals continue to steal tax refund checks or unlawfully use people’s Social Security numbers.
In other cases, bogus tax preparers will collect sensitive personal information from unsuspecting taxpayers – and then sell the data to make a quick buck. [continue reading…]
The IRS has just announced a nationwide crackdown on identity thieves who steal other people’s tax refund checks or misuse the Social Security numbers of unsuspecting taxpayers.
The effort spanned 32 states, as well as Puerto Rico, and was part of a year-long initiative to crack down on tax refund fraud and identity theft. [continue reading…]
Identity theft is a crime that occurs whenever one or more individuals steal someone else’s personal information for financial gain. The stolen information could be a Social Security number, driver’s license, a credit card, bank account, or any other private data.
If you are the victim of identity theft, a crook could do any or all of these things without your knowledge or consent: [continue reading…]
If someone uses your personal identifying information such as your name, address, Social Security number, and credit card numbers to steal money or create a false identity, you have been a victim of identity theft.
Scam artists are becoming better and better at stealing sensitive information from credit card machines, over the Web, and even by harassing victims to share certain pieces of information.
While identity theft cannot be avoided completely, there are some ways to prevent fraudsters and cyber thieves from taking advantage of you.
Here are some steps you can take to prevent identity theft: [continue reading…]