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Latest coverage for Identity Theft

Stay informed on the latest trends in identity theft, prevention tips, and security breaches with our comprehensive coverage on information security.

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Identity Theft is the deliberate use of someone else's personal information without their permission, typically for financial gain or to commit fraud. In the realm of information security, identity theft involves the unauthorized acquisition, disclosure, or use of sensitive personal data such as social security numbers, bank account information, credit card numbers, passwords, and other credentials.

Perpetrators of identity theft may use various tactics, such as phishing, malware, social engineering, or data breaches, to obtain personal data. Once they have this information, they can commit acts like opening new credit lines, making fraudulent purchases, or even creating counterfeit identities for other criminal activities.

Information security measures aim to protect individuals from identity theft by ensuring personal data is encrypted, securely stored, and only accessible to authorized users. With increased digital footprint and online transactions, the importance of robust information security protocols has become paramount to prevent identity theft and safeguard personal information.

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A 24-year-old British national and senior member of the cybercrime group "Scattered Spider" has pleaded guilty to wire fraud conspiracy and aggravated identity theft. Tyler Robert Buchanan admitted his role in a series of text-message phishing attacks in the summer of 2022 that allowed the group to hack into at least a dozen major technology companies and steal tens of millions of dollars worth of cryptocurrency from investors.

Bank Info Security 1 month, 2 weeks ago

Scattered Spider Hacker Pleads Guilty in US Federal Court

Tyler Buchanan Pleads Guilty to Conspiracy to Commit Wire Fraud and Identity TheftA senior figure in the Scattered Spider cybercrime group pleaded guilty to one count of conspiracy to commit wire fraud and one count of aggravated identity theft on Friday in US federal district court. The plea marks the conclusion of a digital crime spree by Tyler Robert Buchanan.

ITRC Report: 2025 Breach Notices Lack Critical Details as AI-Based Attacks SurgeThe Identity Theft Resource Center tracked a record 3,322 U.S. data breaches in 2025, more than any previous year. Yet, only 30% of breach notices included actionable details that other defenders need. ITRC's James Lee warns that this lack of transparency puts people and businesses at greater risk.

Identity Theft Resource Center Catalogs 3,322 Known US Incidents in 2025The number of U.S. organizations that reported falling victim to a data breach in 2025 reached an all-time high, while the number of notifications they sent to affected consumers fell sharply, reports the Identity Theft Resource Center's latest annual breach roundup.

UK High Court Overturns Home Office Request to Extradite Diogo Santos CoelhoThe U.K. High Court of Justice on Sep. 11 overturned a Home Office request to extradite a Portuguese national and an alleged administrator of RaidForums who is wanted in the United States on charges of device fraud and aggravated identity theft charges.

Bank Info Security 10 months, 2 weeks ago

Topsy-Turvy Data Breach Reality: Incidents Up, Victims Down

Most Compromises Trace to Financial Services, Healthcare, Professional ServicesData breaches rage on. In the first half of this year, the Identity Theft Resource Center counted 1,732 total data breaches affecting 166 million people, marking a rise in data breaches but a decline in victims, likely due to a drop in mega-breaches.

A 23-year-old Scottish man thought to be a member of the prolific Scattered Spider cybercrime group was extradited last week from Spain to the United States, where he is facing charges of wire fraud, conspiracy and identity theft. U.S. prosecutors allege Tyler Robert Buchanan and co-conspirators hacked into dozens of companies in the United States and abroad, and that he personally controlled more than $26 million stolen from victims.

Bank Info Security 1 year, 1 month ago

Suspected Scattered Spider Head Extradited From Spain

Tyler Buchanan, a 23-year-old Scottish Man Extradited to the US on WednesdaySpanish authorities extradited on Wednesday the suspected head of the Scattered Spider cybercrime group to the United States, where he is being held without bail in a downtown Los Angeles federal prison. Tyler Buchanan, 23, faces charges for wire fraud, aggravated identity theft and conspiracy.

Identity Theft Resource Center's Lee on Lessons Learned From 2024 Mega-BreachesSix mega cybersecurity incidents led to a record 1.7 billion data breach notices going out to victims in 2024 - a dramatic 312% increase over the previous year. Identity Theft Resource Center President James E. Lee says the increase exposes industry-wide failures in basic cybersecurity practices.

Bank Info Security 1 year, 4 months ago

Mega-Breaches Bump Up 2024 Victim Count

Identity Theft Resource Center Catalogs 3,158 Known US Incidents in 2024The number of U.S. organizations falling victim to a data breach appears to be holding steady, as viewed on an annual basis, according to the latest annual data breach report from the Identity Theft Resource Center, which counted 3,158 reported data breaches in 2024, down just 1% from 2023.

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