The information provided on this website does not, and is not intended to, act as legal, financial or credit advice; instead, it is for general informational purposes only. Information on this website may not be current. This website may contain links to other third-party websites. Such links are only for the convenience of the reader, user or browser; we do not recommend or endorse the contents of any third-party sites. Readers of this website should contact their attorney, accountant or credit counselor to obtain advice with respect to their particular situation. No reader, user, or browser of this site should act or not act on the basis of information on this site. Always seek personal legal, financial or credit advice for your relevant jurisdiction. Only your individual attorney or advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this website or any of the links or resources contained within the site do not create an attorney-client or fiduciary relationship between the reader, user, or browser and website owner, authors, contributors, contributing firms, or their respective employers.
Credit.com receives compensation for the financial products and services advertised on this site if our users apply for and sign up for any of them. Compensation is not a factor in the substantive evaluation of any product.
Millions of people are now being victimized by identity theft every year, and the people behind those crimes can come from anywhere, including college campuses. Incidents of college students ripping off both their peers and others have grown in recent months, and now many institutions are trying to crack down.
Authorities say that a growing number of college students may be turning to various types of fraud these days, according to a report from Gannett News. One such case at the University of Wisconsin-Green Bay saw two students use a Nebraska woman’s credit card to pay their tuition, but interestingly, the school chose to issue citations for the crimes, rather than arrest them despite the fact that the cases could be prosecuted as felonies. If they are found guilty of the crimes, they would only have to pay about $750 each in fines.
There are a number of types of identity theft that can hit a college campus, the report said. Most involve the use of fake IDs and other documents to buy alcohol or gain access to parking areas reserved for others, but a growing number also involve making tuition payments or on-campus purchases with bogus credit card or other account numbers. Some even use “e-checks” that later turn out to be worthless.
Currently, it’s unclear how many colleges across the country have been affected by this type of crime, but new federal regulations mandate that schools and other organizations do more to safeguard against and detect when fraudulent payments are being pushed through, the report said. However, that is easier said than done, because more than half of all student payments at UW-GB take place online.
“The trouble is if no one realizes the credit card has been stolen, then nothing raises a red flag,” said David Kieper, UW-GB information technology security officer. “We’re as vulnerable to this as the next business.”
Identity theft can be particularly problematic if consumers go weeks or even months without realizing it has taken place. For this reason, it’s often wise to keep close tabs on all financial statements so that it’s easier to detect suspicious payments when they happen. Often, there are limits to when financial institutions are able to consider a fraudulent payment as having been reported on time, and if that deadline passes, a borrower might be on the hook for a purchase they didn’t make.
Image: Thinkstock
October 19, 2023
Identity Theft and Scams
May 17, 2022
Identity Theft and Scams
May 20, 2021
Identity Theft and Scams