Monday, March 30, 2015

Health Insurance Employee Stole IDs for Fraud Ring

An employee of a health insurance plan has been charged with stealing over 5,500 policy holders' identities and then sharing them with a credit card fraud ring. The ring fraudulently obtained more than $742,000 in merchandise.

The identity theft fraud ring of 11 people was operating in Michigan and is being prosecuted by Assistant U.S. Attorney Abed Hammoud with the U.S. Attorney's Office for the Eastern District of Michigan in Detroit.

" the scheme stole information belonging to more than 5,500 policy holders from the company's information system."
- NBC News
It is unclear how the identity thefts were discovered or over what period of time they occurred. Organizations seeking to detect identity theft proactively can utilize low-cost on-demand SaaS analytics services.
Learn how to proactively detect identity theft and unauthorized breaches of data privacy, even by authorized users - with no hardware and no on-site software.
Sources:
(a) 5,500 policy holders have information stolen from Blue Cross Blue Shield of Michigan - www.minbcnews.com, 03/11/2015

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