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Cyber Risks · Krebs on Security

Experian Hit With Class Action Over ID Theft Service

Summary: A class-action lawsuit filed July 17, 2015 in the U.S. District Court for the Central District of California alleges Experian failed for nearly 10 months to detect that a customer of its Court Ventures subsidiary was Hieu Minh Ngo, a 25-year-old Vietnamese man running an identity theft service called Superget.info and findget.me. Ngo admitted illegally accessing data broker databases, obtained some 200 million consumer records by posing as a U.S. private investigator, and continued paying for data searches via cash wire transfers from a Singapore bank after Experian acquired Court Ventures in 2012.

Why it matters: The Justice Department says the IRS confirmed 13,673 U.S. citizens whose stolen data was sold on Ngo's sites were victimized through $65 million in fraudulent tax returns, and Ngo made nearly $2 million from the scheme. Experian and Court Ventures' former owner are now suing each other over who is at fault.

Read the original at Krebs on Security ↗

Topics
Fraud & Scams
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