Letter from the CEO

In this issue, we spotlight several disturbing trends in identity theft. Our experts reveal how crooks use kids’ personal information to commit tax fraud and what you can do to protect your family. Learn how LinkedIn users are increasingly targeted for identity theft and how to spot a phishing email. Plus, get tips for how to safeguard your identity assets right now.

Wednesday, March 14, 2012

We kicked off March with National Consumer Protection Week, the annual campaign that encourages consumers to take full advantage of their consumer rights and make better-informed decisions.

CyberScout was proud to join more than 30 government and nonprofit organizations to support this important cause. For the event, we cooked up a recipe to help consumers protect their privacy. And we identified nine places in your life where your personal identifiable information or PII is at its most vulnerable. Our hope is that the more we can do to educate consumers, the better equipped they’ll be to safeguard their identity assets.

Recognizing that March brings us into the thick of tax season, we offer several tax-related features:

  • A report on a disturbing new trend: the increasing incidence of crooks using children’s PII to commit tax fraud. Because children don’t have credit reports, the typical countermeasures—such as setting up fraud alerts—don’t work. Read one customer’s experience and find out how to protect your family’s finances and your children.
  • A slideshow on the top tax scams affecting consumers this season. Among the most worrisome are phishing schemes in which taxpayers receive fake email messages that woo them with promises of refunds or, perhaps worse, that use alarmist tactics to trick them into thinking they need to update their W-2 forms with the IRS. In both cases, the taxpayer can wind up delivering PII directly into the hands of criminals. Learn how to avoid becoming a target.

On the social media front, we highlight a new report’s findings that LinkedIn users are more at risk of identity theft. Consumers who used the professional networking site experienced a 10 percent fraud incidence rate. Our slideshow discusses these results, demonstrates how a phishing email might be used to lure site users, and offers key tips to shield yourself from fraudsters.

As always, we hope you enjoy.

Matt Cullina

Chief Executive Officer



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