Vermont Department of Labor sends 180,000 Forms 1099 to the wrong people. Business breaches. US FTC on identity theft.

Vermont Department of Labor sends 180,000 Forms 1099 to the wrong people. Business breaches. US FTC on identity theft.

Stephen Maloney, Acuant’s Executive Vice President And Chief Revenue Officer, has been featured in The CyberWire to discuss the rise in identity theft, which includes an increase in fraudulent unemployment claims and financial elder abuse, and the need for forward thinking technology to stay ahead of fraudsters.

Stephen Maloney, executive vice president and chief revenue officer at Acuant, commented on the situation with respect to identity theft the FTC is addressing:

 “The FTC found the number of identity theft reports has doubled during 2020 when compared to 2019. This is largely due to the influx of new ways for fraudsters to game systems related to the COVID-19 pandemic. The surge to digital transactions for businesses, healthcare and governments created new targets for cyber criminals.

Read the original article here to learn more.

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