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 Identity Theft

 

 

 

 

 

 

 

 

 

Use the stolen credit card numbers to apply for more credit cards.
 

 

 

 

 

Definition

 

          an act involves stealing the personal information of another                                  person or business, misrepresenting and hijacking its identity for                       fraudulent purposes.

 

          Common information to be stolen:

¡P        Credit card numbers

¡P        Social insurance numbers (SIN)

¡P        Drive License numbers

¡P        Bank PIN

¡P        Other personal information (useful for the impersonation)

          Common methods of stealing the info.

1)      Personal

Ø       stealing mail from the victim¡¦s mailbox

 

Ø       obtaining bills/ receipts from garbage bags, in trash boxes, at bank machines

 

Ø      claiming to be victim¡¦s financial institutions and requesting for personal information due to a problem

2)    Internet

Ø       obtaining/ stealing information through websites, emails, etc¡K

 

Facts

 
  • Identity theft is the fastest-growing form of organized crime in the world.
  • 27.3 million Americans were victimized by identity theft from 2000 ¡V 2005.
  • Identity theft was expected to cost consumers, businesses and government organizations $221 billion in losses worldwide in 2003
  • According to 2 studies done in July 2003, approximately 7 million people became victims of identity theft in the prior 12 months.
  • That equals 19,178 per day, 799 per hour, 13.3 per minute.

 

 

 

Phishing ¡V how thieves are ¡§fishing¡¨ for victim¡¦s information
 

Identity Theft (Online Version): Phishing

 

          Recently with the advance of technology, most banking transactions and personal shopping can be done online. This increases the risk of your personal information being stolen and getting into the wrong hands.

Phishing

          come from how thieves are ¡§fishing¡¨ for your personal financial

            information. They send out thousands of lures in the form of spoof

            e-mails and usually hook a few victims.

How to Phish?

1.     The scammer sends the potential victim an e-mail that appears to be from his/her financial institutions and requests for updating personal information.

 

2.     The potential victim responds by providing the scammer with personal information (by either responding to the e-mail or filling a form on a website that appears to be from that institution.)

 

3.     The email/ website is fake, and the victim has just submitted his/her information directly to the scammer.

 

 Identity Theft

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