Identity Theft Articles

New Software Bundle Helps Limit Online Identity Theft

A new software bundle for laptops will help limit online identity theft.

A new bundle of software from Trend Micro specifically targeted for laptops aims to help consumers protect themselves from many internet hazards, including costly identity theft.

The package, released in conjunction with LoJack and IdentityTruth, will provide consumers with a number of protections against not only standard internet threats like viruses and malware, but also against computer theft and identity fraud. The latter part of the package includes a one-year subscription to identityTruth's program, which includes assistance with replacing lost or stolen identification and the repair of an identity once it has been stolen.

"Financial transactions are no longer limited to the personal desktop computer," said Steven Domenikos, CEO of IdentityTruth. "Today's consumers use laptops and mobile communication devices for online banking and shopping, to store financial documents, tax returns and more, all of which can put consumers at greater risk of identity theft."

The IdentityTruth program uses its "Faster than Fraud" technology, which combines data from a number of sources to give a more complete picture of identity risk. It continuously analyzes all information specific to an individual in an effort to predict, counteract and warn the user of any potential identity fraud even before it happens. And even if identity theft does take place, the program can help resolve any problems that arise.

Identity theft is a growing problem all over the United States. The number of complaints have grown 667.8 percent from 2001 to 2009 as the methods used by identity thieves become more sophisticated, making it easier and easier for consumers to fall for scams.

For example, several new scams target people looking for jobs or struggling under the weight of debt. Some fraudsters select random resumes that have been posted on job websites and send e-mails claiming to be from a human resource director offering them a job. They then ask for a social security number and other personal information related to their identity so that the company can run a credit check. Other scammers claim to be able to consolidate or eliminate their victims' debt after putting up a large amount of money. All information from these scams are used to commit further identity fraud.

According to the FBI, losses from internet fraud more than doubled from 2008 to 2009.