11/1/2011 - Attorney general warns residents of identity theft attempt
Identity theft and data breaches are a problem for millions of Americans, and Massachusetts residents are some of the latest individuals being targeted, a new report reveals.
According to the Massachusetts attorney general's office, approximately 2 million Bay State residents have had their personal information compromised within the past 20 months due to electronic data breaches. One of the latest attempts involves thieves trying to obtain consumers' banking and social security information via 'robo-calling' and text messaging ploys.
"This scam has not slowed down or stopped, and now includes text messages to consumers' cell phones that attempt to steal personal information," said Martha Coakley, Massachusetts' attorney general. "We are again warning people not to provide any personal banking information based on an automated phone call or text message."
She went on to say that a typical message purports to be from a well-established bank, telling the recipient that their account has been locked. To unlock it, recipients of the message are instructed to enter their card information.
While this threat has primarily targeted consumers, businesses are often victimized by identity theft as well. Small business owners should make sure their company's finances are protected. Selective offers a number of coverage enhancements to protect your business. Ask your agent about Identity Recovery insurance from Selective, which can help cover the cost of identity restoration for businessowners, partners and certain other leaders in your organization if they are a victim of identity theft.