Lenscrafters Identity Theft Will See Jail Time
In a rare instance of an identity thief actually
getting caught, a Minnesota man will be spending
the next four years in prison for his role in
defrauding 40 innnocent victims. For his part
in the Lenscrafters identity theft, he was
responsible for the fraudulent credit charges of
more than $50,000.
We expose how this identity thief operated so
that you will be aware to guard your own credit
It seems, the Lenscrafters identity thief had
access his mall based office's medical records
and credit card information of patients.
According to the prosecutors on the case, this
identity thief would print extra receipts
containing the patient's credit card
number during purchase transactions. This
identity thief then would sell the stolen
information to credit fraudsters who
would specialize in conducting illegal purchases
- mostly within days involving a local celluar
This type of identity thief, known as a
"data collector", is exactly why the California
senator instrumental in the 2002 landmark
security breach disclosure law has been hard
at work this year with a new bill to stop the
printing of consumer's full credit card
numbers on retail receipts.
So, our tip for today is twofold:
Make sure you adopt a credit monitoring service
to alert you to the often times "hidden" misdeeds
from identity theft.
Secondly, before you conduct credit card purchases
at retail locations which may also have your personal
information on file, as in the case of Lenscrafters,
find out if their point of sale terminals truncate
the credit card number. Truncation means the
printer only displays the last four digits of the
credit card number.
If the retailer's point of sale terminal does not
truncate the full credit card number from their
printed receipts, then either pay cash -or- use
a credit card with a low available balance
to limit your potential losses from fraud.
Do not, however, write a check as that's an even
worse way to expose yourself needlessly to id