June 10, 2016 by Brad Gunning

Identity Theft Scam – Emails from Fake Friends

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LifeLock Identity TheftYet Another Identity Theft Scam – Emails from Fake Friends

The Federal Trade Commission just released an article titled “Fake friends, fake news, phony weight-loss promises.” To summarize, the FTC is busting identity thieves who have hacked people’s email accounts and sent emails to their friends with links to fake weight-loss stories and news articles.

According to the FTC, millions of people were impacted by this identity theft scam.

Now, these identity thieves “only” stole the identity of the email account holder so that they could increase sales of their products by tricking the email recipients into thinking the emails came from a trusted friend. Our fear is that with the ease of hacking into people’s email accounts, the next batch of email identity thieves might get people’s credit card info, social security numbers, and, ultimately, tap into financial resources.

We can’t stress enough the importance of a respected identity theft protection plan. We reviewed the top identity theft protection plans on our website. Our recommendation is Identity Guard. That said, some folks are more comfortable with LifeLock (maybe due to their national ad campaign) and we certainly are comfortable recommending them as well (the $14.99 price point with Identity Guard just seems more palatable to us considering the comparable coverage).

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The Standard, MetLife, Principal Financial Group, Genworth, & Lincoln Financial Group