The big news right now is the current US financial crisis. It all started when lenders loosened the requirements and incentives for mortgages. New mortgages featured cash up front and minimal required qualifications. Sure enough, when payments came due a large number of borrowers couldn’t afford them, but by this time institutions had combined them with legitimate investments, shopped them around and presented them as safe to buy – and now, we’re all paying the price.
In our last article about wireless identity theft we covered wardriving: the practice of finding and exploiting open wireless connections. Identity fraud via wardriving is unnerving, to say the least, but RFID-enabled fraud is downright spooky. Security experts fear that this may allow fraudsters to steal personal information from your
wallet at a distance.
We want you to protect your good name, but we don't want you to get paranoid about it! Nevertheless, some recent developments in identity theft are pretty frightening. What if we told you a criminal could steal your personal information out of thin air? Scary? Yes - and absolutely possible. New technology lets fraudsters steal your identity through wireless communications channels
Posted by: Collin Eli in trusted ID on
May 13, 2008
TrustedID provides a "total identity” protection package for the entire family. TrustedID procedures are designed to significantly reduce the risk of credit fraud, with a service guarantee backed by $1,000,000 in identity theft insurance from AIG and Lloyds of London.
