What is family friendly fraud? - New York News

What is family friendly fraud?

Posted: Updated:
ATLANTA -

Identity theft is on the rise but some startling new numbers came out about who is involved in stealing your identity – family members or friends.

It's called family friendly fraud. It means your family or a friend is racking up fraudulent charges onto your credit card or taking over an account.

According to Javelin Research, in the last three years it's up 47 percent. Family friendly fraud impacts everyone, especially those 18 to 24 years old.

They are targeted more than any other group. The non-profit credit counseling and education group called CredAbility recalled their most outlandish case.

"In a short period of time someone had charged two $25,000 BMWs, purchased a house and gone on a spending spree, all in a matter of a few days," said John McCosh of CredAbility.

How can you protect yourself? Keep your personal identification number private. Shred important documents, and freeze your credit report so that no one can get into it without your approval.

  • I-Team Story ArchiveMore>>

  • RAW VIDEO: I-Team's undercover visit to Boggs Mountain

    RAW VIDEO: I-Team's undercover visit to Boggs Mountain

    Thursday, April 24 2014 1:43 PM EDT2014-04-24 17:43:54 GMT
    Trial is set May 12 in Rabun County for a case uncovered by the Fox 5 I-Team that continues to trouble animal lovers across the country. Lowanda "Peanut" Kilby faces 60 counts including theft by taking, theft by deception and racketeering.
    Trial is set May 12 in Rabun County for a case uncovered by the Fox 5 I-Team that continues to trouble animal lovers across the country. Lowanda "Peanut" Kilby faces 60 counts including theft by taking, theft by deception and racketeering.
  • Identity Protection Bill Signed into Law

    Identity Protection Bill Signed into Law

    Thursday, April 24 2014 11:28 AM EDT2014-04-24 15:28:15 GMT
    With a stroke of the governor's pen, a new law that could help protect your identity now goes into effect. Republican State Senator John Albers says his bill, now law, will prohibit public disclosure of private information in court documents.
    With a stroke of the governor's pen, a new law that could help protect your identity now goes into effect. Republican State Senator John Albers says his bill, now law, will prohibit public disclosure of private information in court documents.
  • Fox 5 I-Team

    Cheap vs. Frugal

    Cheap vs. Frugal

    Wednesday, April 23 2014 9:15 AM EDT2014-04-23 13:15:25 GMT
    There is nothing wrong with saving a buck, but can you cross the line? There is a difference between being cheap and being frugal.
    There is nothing wrong with saving a buck, but can you cross the line? There is a difference between being cheap and being frugal.
  • Contact the FOX 5 I-Team

    * denotes required fields

    We're sorry, but only one entry is allowed per person.
    Thank you for your continued interest.

    Thanks for contacting FOX 5.  To reach our newsroom by phone, please call (404) 898-0100.

  • Local NewsLocal NewsMore>>

  • Baby gorillas on display at Bronx Zoo

    Baby gorillas on display at Bronx Zoo

    Thursday, April 24 2014 3:53 PM EDT2014-04-24 19:53:44 GMT
    WCS photoWCS photo
    Two endangered gorillas born at the Bronx Zoo in March and April are now making appearances at the zoo's famous Congo Gorilla Forest exhibit, according to the Wildlife Conservation Society. The baby western lowland gorillas are the 14th and 15th gorillas born at the exhibit since it opened in 1999. The Bronx Zoo has had 50 gorilla births since 1972. The gender of the newborns is unknown for now, WCS said.
    Two endangered gorillas born at the Bronx Zoo in March and April are now making appearances at the zoo's famous Congo Gorilla Forest exhibit, according to the Wildlife Conservation Society. The baby western lowland gorillas are the 14th and 15th gorillas born at the exhibit since it opened in 1999. The Bronx Zoo has had 50 gorilla births since 1972. The gender of the newborns is unknown for now, WCS said.
  • NJ brush fire forces evacuations

    NJ brush fire forces evacuations

    Thursday, April 24 2014 2:04 PM EDT2014-04-24 18:04:00 GMT
    A New Jersey school and several homes were evacuated Thursday afternoon because of a large brush fire that was being fanned by winds.Beachwood Intermediate South School was closed just after 12:30 p.m. Parents were told not to report to the school. The Ocean County Sheriff's Dept. said that all children were going to be safely evacuated to another location.
    A New Jersey school and several homes were evacuated Thursday afternoon because of a large brush fire that was being fanned by winds.Beachwood Intermediate South School was closed just after 12:30 p.m. Parents were told not to report to the school. The Ocean County Sheriff's Dept. said that all children were going to be safely evacuated to another location.
  • Cops swarm home after disgruntled Call of Duty gamer calls in swatting hoax

    Cops swarm home after disgruntled Call of Duty gamer calls in swatting hoax

    Thursday, April 24 2014 12:05 PM EDT2014-04-24 16:05:27 GMT
    Heavily armed police officers descended on a home in Long Beach, Long Island thinking they might find a grisly murder scene. Instead they found a terrified woman who had no clue what they were talking about and her teenaged son playing video games.
    Heavily armed police officers descended on a home in Long Beach, Long Island thinking they might find a grisly murder scene. Instead they found a terrified woman who had no clue what they were talking about and her teenaged son playing video games.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices