Tuesday, July 7, 2015

Employee Stole Customer IDs for Loan Fraud Scheme

While employed at a payday loan and check cashing company in Kentucky a woman allegedly stole identities of former customers so that she could apply for fraudulent loans.

The identity thefts and fraud scheme took place from about March to June of 2015. The amount of money allegedly taken by the now former employee was not disclosed, but there are over 50 victims in this case.

"she was found to have allegedly taken out fraudulent loans in the names of former customers."
- The Ledger Independent
The fraud was uncovered because of a bank deposit incident where a customer was found to have not actually have a loan with the company. Rather than learn of identity thefts and privacy data breaches from third parties, organizations can detect them proactively with 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) Former Cash Express employee arrested - www.Maysville-online.com, 07/03/2015

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