Cyber criminals use the information they collect from a victims online platforms to illegally gain access to the victims bank account and credit cards. These criminals later use this information to steal money from the victim's accounts or take loans using the victim's name (Lai, Li, & Hsieh, 2012). Driver's license identity theft: Criminals use the information they obtain from victims social media platforms to steal or forge drivers licenses that have the victim's name. They then use these stolen licenses when they are caught thus implicating the victim in a crime he was not aware
Thieves have come up with ways to install credit card readers within the credit card processor machine to get the information needed to steal and sell personal information. Deceased people are also becoming identity theft victims from the grave. You take a person from a financial type of institution, take the deceased individual personal information towards a loan on a home, vehicle or other type of high volume purchases. It is not just the thieves that are contributing to the rise of online identity theft. Employees who work in certain jobs/ industries who have access to consumer’s personal information are selling the information that is in their possession to the highest bidder.
Target failed to segregate the systems payment card data from the rest of its network. An HVAC company that worked for Target had access rights to Target’s network for the purpose of remote energy consumption monitoring. The hackers were able to steal the HVAC company’s login credentials and from there uploaded malware programs on the POS systems in order to collect the credit/debit card information. Half a year prior to this event, Target spends $1.6 million on a high-end anti-malware system called FireEye. This system uses a virtual LAN to trick hackers into thinking they are in the main system and from there automatically takes care of the issue.
Identity theft is when your social security number, name, address, birthday, and other personal information is hacked into or stolen by a criminal. When they steal your identity it is easier for them to work with the bank, mange your finances, withdraw money from your bank account, apply for credit cards, and loans. When a criminal steals your identity they can foal the bank and other organizations to access your personal account. When they can access different organizations with your information they can change your Email, building address, and login information so you can’t access it. They can then make you in lots of debt without you even noticing.
While it can be used to carry out many malicious and criminal tasks, it is often used to steal banking information by man-in-the-browser keystroke logging and form grabbing. It is also used to install the CryptoLocker ransomware. Zeus is spread mainly through drive-by downloads and phishing schemes.
This critical information, which is often used as currency among shadowy international hackers groups, is almost always stolen for the purpose of identity fraud, allowing thieves to open bank accounts and credit cards on the victim’s behalf. The FBI and the cybersecurity firm Mandiant are investigating the hack, with an FBI investigator telling CNN the government is “committing significant resources and efforts to target, disrupt, dismantle and arrest the perpetrators.” CYH asserted in its SEC filing the hack was conducted by an “advanced persistent threat” group originating in China. That term is significant because it describes an elite group of hackers believed affiliated with the Chinese People’s Liberation Army and the same group that conducted a series of hacks against federal agencies earlier this year. Whether the FBI is investigating based on the same “advanced persistent threat” premise is unclear. Requests for comment from Mandiant went unanswered.
internet gambling), the consequences for the company can be very great. 2. Ask employees to be vigilant. Internet abuse at work can have serious repercussions not only for the individual but also for those employees who befriend internet abusers, and the organization itself. Fellow staff members need to know the basic signs and symptoms of internet abuse.
Money Laundering: This crime involves hiding of sources of illegal obtained money through foreign banks, overseas companies and illegal transactions so that government could not track the illegal activities and person can get tax exemptions. Telemarketing Fraud: This crime is related to spamming, where a spammer operate several calls a day at random phone numbers and asks for donation for some charity organizations. This is done in another way in which the operator calls random telephone numbers and announces a grand prize through a lucky draw but asks for some amount to confirm registration or to follow any other
Identity theft is a problem. It is the act of stealing one’s information, such as credit card numbers. It can go beyond credit cards, however. Criminals can steal social security numbers, medical information, information on taxes, and others. Identity theft is one of the problems in America.
When a person learns that his private information has been compromised, the next step is reporting the theft of personal information. Failing to take appropriate action as soon as the compromise or fraudulent activity occurs may result in greater damage to the victim’s accounts or financial situation. Important steps to remember include make a report to local law enforcement, report the theft or breach to your financial institution, contact the local post office if you believe your mail has been, contact any credit or retail companies with which you have accounts which might have been compromised and contact all credit-reporting agencies. In addition to phone and mail services, each agency provides online services for disputing claims, and for reporting identity theft and fraud. One of the best ways to protect against identity theft is to monitor your credit history.