Credit scores determine how much we pay for mortgages, auto loans and credit cards. Now there are new types of scores that measure more than just our credit worthiness: They influence our reputation, employability and lifestyle.
Experian has a formula to gauge whether consumers will file for bankruptcy. Equifax tabulates a score on discretionary income. And Fair Isaac Co., which offers the FICO credit score, has unveiled a score that predicts whether you’ll take your meds.
How does this impact your identity?
Most people have done it—taken a time-out from surfing the Web to type their own names into the search engine. For many, the impulse is driven simply by curiosity. What results come back about me? But for savvy Internet users, the check-ups are a regular part of managing their online reputations.
The reasons to be vigilant are many. Just consider what everyone else is doing.
Want to know an easy way to make yourself a prime target for identity theft or collection scams? Apply for a bad credit loan online. Once you’ve applied, your personal information can be used by or sold to anyone, anywhere in the world. This is National Protect Your Identity Week and avoiding online loan scams is one way to do that.
To celebrate National Protect Your Identity Week and Cybersecurity Awareness Month, has provided tips for tech-savvy teens to stay out of trouble online.
Parents can’t supervise their kids around the clock, but they can instill important lessons and safety tips into their teens’ fast-moving minds. So how can you protect your fiercely independent, world-weary, tech-savvy child—the one with the severe case of selective hearing—from trouble online?
By Ondrej Krehel,
Ever take a long awaited vacation and sit down to order your first Mai Tai, only to find your credit card has been locked? Ever felt excited to make a major online purchase—plasma and 3D!—only to find it didn’t go through?
Inconvenient? Sure, but these measures are protections credit card companies put in place based on your spending profile.
By Matt Cullina,
Identity theft doesn’t just strike adults – kids and teens are prime targets for identity thieves. The Federal Trade Commission that victims age 19 and under accounted for 8 percent of the identity theft complaints that it received in 2010. And a Carnegie Mellon University issued earlier this year provided disturbing evidence that children are deliberately being targeted for identity theft. Why are children vulnerable and how can they be protected?
The Department of Defense has been slapped with a $4.9 billion class action lawsuit for allegedly violating the privacy rights of TRICARE data breach victims whose personal information was stored on tapes stolen from an employee in September.
A military family filed the suit on behalf of 4.9 million victims—former and current military personnel and their families—who still don’t know if their information was on the stolen tapes. The breach victims also have not been offered any fraud and credit monitoring services or identity theft resolution services.
Rapper and relentless self-promoter Sean “Diddy” Combs had his personal credit card number posted on a website, the celebrity gossip site . It was allegedly an American Express Black card, a super-exclusive card aimed at wealthy clients.
The card sure could come in handy to a thief. Customers have used black cards to buy a Bentley and charter a private plane, Doug Smith, director of American Express Europe, last month.