Fraudulent Credit Applications Starts with the Device
Thursday, June 16th, 2011When Jim Smith opens a credit card account, he doesn’t have to pay the bill. That’s because Jim Smith is committing new account fraud by using Fred Jones’s name and Social Security number.
All Jim Smith needs is some basic information about Fred Jones, much of which is available in the phonebook, in his trash, in discarded files in the bank’s dumpster, or on social media sites. Maybe Fred also happens to work with Jim, and Jim has direct access to Fred’s files. (more…)

