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Keywords:Identity theft 

Journal Article
Taken to lunch

One lunch tab cost Jason Snyder more than $10,000 after information from the personal check he wrote was used to steal his identity. There are easy ways to reduce fraud.
TEN , Issue Win , Pages 10-13

Discussion Paper
Identity theft: a pernicious and costly fraud

On October 3, 2003, the Payment Cards Center of the Federal Reserve Bank of Philadelphia sponsored a workshop on identity theft to examine its growing impact on participants in our payments system. Avivah Litan, vice president and research director of financial services for Gartner Inc., led the workshop. The discussion began and this paper follows with a broad study of identity theft, at times compared with traditional payment fraud, and continues with an evaluation of its overall risk to consumers, merchants, and credit providers. The paper compares the incentives each such party has to ...
Consumer Finance Institute discussion papers , Paper 03-18

Journal Article
Divided we fall: Fighting payments fraud together

Economic Perspectives , Volume 33 , Issue Q I , Pages 37-42

Working Paper
Out of sight, out of mind: consumer reaction to news on data breaches and identity theft

We use the 2012 South Carolina Department of Revenue data breach to study how data breaches and news coverage about them affect consumers? take-up of fraud protections. In this instance, we find that a remarkably large share of consumers who were directly affected by the breach acquired fraud protection services immediately after the breach. In contrast, the response of consumers who were not directly exposed to the breach, but who were exposed to news about it, was negligible. Even among consumers directly exposed to the data breach, the incremental effect of additional news about the breach ...
Working Papers , Paper 15-42

Journal Article
Identity theft

Econ Focus , Volume 10 , Issue Win , Pages 41-44

Journal Article
Risks of identity theft: Can the market protect the payment system?

Identity theft has been a feature of financial markets for as long as alternatives have existed to cash transactions. But identity theft has recently occurred on a much larger scale. Data breaches often involve the apparent loss or acknowledged theft of the personal identifying information of thousands--or millions--of people. ; Identity theft poses risks, not only to individuals, but to the integrity and efficiency of the payment system--the policies, procedures, and technology that transfer information for authenticating and settling payments among participants. Identity theft can cause a ...
Economic Review , Volume 92 , Issue Q IV , Pages 5-40

Discussion Paper
Identity theft: do definitions still matter?

Despite a statutory definition of identity theft, there is a continuing debate on whether differences among the financial frauds associated with identity theft warrant further distinction and treatment, not only by lenders and financial institutions but also by consumers and regulatory and law enforcement agencies. In this Discussion Paper, Julia S. Cheney examines four types of financial fraud ? fictitious identity fraud, payment card fraud, account takeover fraud, and true name fraud ? that fall under the legal term identity theft to better understand how criminal behavior patterns, risks ...
Consumer Finance Institute discussion papers , Paper 05-10

Conference Paper
Credit and identity theft

The quintessential crime of the information age is identity theft, the malicious use of personal identifying data. In this paper, the authors present a model of identities and their use in credit transactions. The incidence of identity theft represents a tradeoff between a desire to avoid costly and/or invasive monitoring of individuals on the one hand, and the need to control transaction fraud on the other. The results suggest that technological advances will not eliminate this tradeoff.
Conference Series ; [Proceedings]

Journal Article
Around the Fed : How oil price changes affect the economy

Econ Focus , Volume 9 , Issue Fall , Pages 39

Journal Article
An examination of the fraud liability shift in consumer card-based payment systems

Economic Perspectives , Volume 33 , Issue Q I , Pages 43-49

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