Friday, May 1, 2015

Cable TV Insider Stole Customer IDs for $3M Fraud Scheme

A cable TV employee, who had access to subscriber information, stole customer IDs and sold them to a fraud ring. The ring of eleven people stole $3 million.

Members of the theft ring used the information to pitch free service and equipment to new customers, using the stolen data to trick the cable TV computer system.

"more than 1,200 innocent customers could see their credit affected by these phony accounts."
- KTBS news
This ID theft ring was only discovered after out-of-state customers received delinquent bills and called the cable company to complain. Unfortunately identity theft is often discovered by a third party, not the company holding customers' personally identifiable information (PII). Organizations seeking to proactively detect identity theft, rather than learn about it from third parties, 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) Investigation leads to multiple counts of identity theft in Caddo Parish - www.KTBS.com, 04/28/2015

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