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Criminals can turn stolen identities bought on the dark web into seemingly legitimate businesses — then use those companies to bill taxpayers for healthcare and other services that were never provided, according to a fraud expert who detailed the scheme to Fox News Digital.
The companies can hide in plain sight: Criminals create LLCs using information that may receive little scrutiny, pair them with stolen identities and submit fraudulent claims for everything from wheelchairs and diabetes treatments to childcare and autism services, according to Haywood Talcove, CEO of LexisNexis Risk Solutions Government.
But Talcove said the financial losses are only the beginning, warning the schemes can fuel “criminal enterprises.”
“They are using our money against us, whether it’s in social media campaigns, whether it is for human trafficking, drugs,…
Never share a One-Time PIN (OTP) with anyone over the phone, including people claiming to be bank officials, as legitimate employees will never ask for this code to “verify” your identity.