Identity Theft by Phishing
Stealing Your Life: The Ultimate Identity Theft Prevention Plan
by Frank W. Abagnale

Stealing Your Life is more frightening than a gory murder mystery. Any one of us, from cradle to grave, is vulnerable to a swindle that can wreck us emotionally, cost us serious money, ruin our credit ratings, and take us years to straighten out. Identity theft is here to stay, and as long as legislators, businesses, law enforcement agencies, and individuals fail to take it seriously, the number of victims will continue to climb.

For thirty-two years, the author has been a law-abiding citizen; his criminal past, famously recounted in the book and film "Catch Me If You Can," is a distant memory. However, he knows how crooks think, and this knowledge has led to a lucrative career as a consultant for the FBI and corporations all over the world in preventing frauds and scams. Abagnale is horrified at how easy and tempting identity theft is for the budding criminal. He calls it "a crook's dream come true."

     

Identity Theft by Phishing

Commercial Identity Theft

Identity Theft by Phishing * Commercial Identity Theft

Commercial Identity Theft - Where Thieves Are Likely to Strike   
Carl LaFresnaye

Commercial identity theft can refer to any of three things. It can involve the thief accessing a firm's credit account. It can also mean the identity thief targeting all the employees in an organization. The thief targeting a firm's clients is the third kind of commercial identity theft.

Commercial Identity Theft - Commercial Credit

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Bogus Tweet Fears Dog AFL (Herald Sun)
PLAYERS have been urged to report fake Twitter accounts as internet identity theft continues to dog the AFL.

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In this kind of commercial identity theft, the perpetrator gains access to the credit account, credit cards, and/or checking accounts of a targeted firm or enterprise.

The perpetrator can hack into the company's system to gain access. But it often happens that the thief is someone who is currently or was once connected with the company.

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Symantec Reports Surge In Phishing Attacks (V3.co.uk Via Yahoo! UK & Ireland News)
February saw a dramatic rise in phishing attacks and the use of current events to persuade unsuspecting web users to download malware, according to the latest monthly spam report from Symantec.
Gone Phishing: Jam Band Gets Closer To Coming To Town (Telluride Daily Planet)
It seems like Phish could happen. Yesterday in a special meeting, the Telluride Parks and Recreation Commission gave the nod to promoters hoping to use Town Park for two nights in August to host the iconic...

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It is also possible that a skilled identity thief will hijack the firm's e-banking transactions, although the less sophisticated methods (e.g., stealing checks and stealing or counterfeiting credit cards) are more common.

With access to the company's credit accounts, checks, or virtual cash, the thief then makes purchases in the company's name. By the time the company receives collection notices and bills from angry suppliers, the thief is long gone – and the company's credit rating is damaged.

Commercial Identity Theft - Fish in a Barrel

This type of commercial identity theft hijacks the credit of people within an organization. This could involve the employees and/or executives of a company – as either the victims or the perpetrators.

This type of credit hijack can also use a method known as spear phishing, which uses e-mail, supposedly generated by a department within the organization. The e-mail will direct employees to a bogus website and ask for their personal information or will ask for an e-mail reply with the same info.

However, the usual method of this type of commercial identity theft involves the thief simply copying the database containing all the account and Social Security information and selling it to the highest bidder.

Once all employee account information has been compromised, it will be like shooting fish in a barrel for identity thieves who can victimize entire organizations before anyone notices what's going on.

Commercial Identity Theft - Client Hijack

This third kind of commercial identity theft can use either phishing or its cousin pharming (attacking a firm's computer network by planting trojans to harvest personal data).

Its goal is to tap into the client base of a bank or financial institution and hijack bank and credit accounts. The perpetrator can even manipulate investment portfolios. The end result: the thief will have cleaned out his victim's accounts before anyone discovers what happens.

Most banks in the US have already set up preventive measures – from simply e-mailing all their clients warning them about being too credulous to setting up software defenses in their servers and networks.

Index of Articles about Indentity Theft

What Other Authors say about Indentify Theft

Protect Yourself from Identity Theft by Scottie Hawksworth

Millions of Americans use credit cards, take out money from savings and checking accounts, write checks, and open new bank accounts everyday. By completing these everyday tasks, many Americans put themselves...

Identity Theft Law - Protect Yourself from Thieves by Exercising Your Rights by Carl LaFresnaye

Over the past few years, each new identity theft law seeks to protect consumers and businesses from what statistics show to be one of the fastest growing crimes in America today. Know your rights and what...

Valuable Information for Identity Theft Victims by Tony Robinson

Identity theft is one of the biggest problems we are facing in society. Bankers, credit card lenders, law, and other sources are working to find a solution to the problems. At what time a person falls...

How to Respond After Identity Theft Occurs by Gary E. Cain

Identity theft has become one of the most frequently reported crimes. But, maybe you are asking yourself: What is identity theft? I am glad you asked.Identity theft is the wrongful use of your name, birth...

Computer Identity Theft - Go Phish! by Carl LaFresnaye

One of the most popular computer identity theft methods today is phishing. Spelled in true hacker fashion, phishing means, well, fishing by baiting people to divulge their personal data. This mode of computer...

Thieves of Identity by Tony Robinson

Thieves come in all forms, including dressed in business attire, sweats, or tuxedos. Identity thieves are government reps, bankers, religious leaders, famous persons, homemakers, cops, lawyers and so forth....

Finding Peace after Identity Theft by Tony Robinson

When a person fall victim of identity theft, rarely do they find peace thereafter. Victims of identity theft often struggle with paperwork, reports, credit reports, courts, police and the list goes on....

Identity Theft: Stop It Now! by Matthew Keegan

You may be a victim of identity theft and not even know it. Thieves may have secured important information about you and are using it without you knowing what they are doing. By the time you discover their...

When to Fight Identity Theft by Tony Robinson

The time to fight Identity theft is now. If you are not a victim of identity theft, do not take any chances, since it is next to impossible if not impossible to restore your life once someone takes hold...

Getting Past Identity Theft by Tony Robinson

Getting past identity theft nowadays is next to impossible. The World Wide Web has made it easier for identity thieves to gain access to millions of files by merely tracing tracks. When a person goes onto...

6 Ways To Prevent Identity Theft by Gary Gresham

These six ways to prevent identity theft offer you valuable tips against the fastest growing crime in America today. In 2004, more than 9.9 million Americans fell victim to many types of identity theft...


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