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Identity theft

Data breach hits 1 million Figure customers

Consumer lending, Cyber security, Data security, Fintech, Identity theft, Technology /

Key insight: Attackers are bypassing technical security by impersonating IT staff and tricking employees into handing over credentials. What’s at stake: The leak hits Figure during a critical financial window, coinciding with the pricing and upsizing of a secondary stock offering. Supporting data: The breach exposes approximately 967,000 unique email addresses, along with names, physical […]

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Silver lining? Some fraud victims see credit scores rise: Fed

Credit reporting, Credit risk underwriting, Federal Reserve, Fraud, Identity theft, Technology /

Key insight: Identity theft victims who file extended fraud alerts often experience significant and persistent improvements in their credit profiles, becoming more creditworthy. What’s at stake: U.S. banks and credit unions that understand the behavior of identity theft victims can land better credit lines. Supporting data: Extended alert filers saw their credit scores increase by

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