Shopping Cart
Your Cart is Empty
There was an error with PayPalClick here to try again
CelebrateThank you for your business!You should be receiving an order confirmation from Paypal shortly.Exit Shopping Cart

My Cart: 0 Items

Compliance Services of America

We Take Compliance To A Higher Standard!

Custom Labor Law Posters & Digital Products

E-Mail Us at [email protected]

Call Toll Free (844) 6 The-Law

                         (844) 684-3529



ID theft up 40%

Posted on May 20, 2016 at 12:25 AM

Analysis: How does it happen in the digital age and how can cyber security prevent it ?


With so much information online, identity theft is becoming an increasing danger in cyber space.


Identity theft means somebody taking somebody else's personal information and using it without authorisation for personal gain.


This personal information could include passport numbers, bank details or even information as mundane and seemingly innocuous as a name or date of birth.


Online, data is regularly harvested by cyber criminals through a range of methods. This includes broad brush approaches such as phishing, which can beguile unsuspecting victims into sharing information.


In February, the ThreatMetrix Digital Identity Network was released which analysed over 15 billion transactions in real time over the previous 12 months. It noted a 40 percent increase in fraudulent transactions and cybercrime activity specifically targeting the financial industry.


Part of this activity involves bots, which are software applications that run automated tasks over the internet perform simple and repetitive tasks much quicker than a human could. They are used to take potential user credentials and then repeatedly test them against different accounts, verifying their validity.


The ultimate value of this information is that it provides access to financial assets online. However, information can also be fed back into new phishing attacks that target a broader range of contacts, with personal information deployed to make a phishing email more convincing.


Many cyber security companies are attempting to address this fundamental problem with identity in the digital era. Since consumers are often more concerned with the convenience of a transaction than they are with its security, an approach needs to be found that balances these two factors.


This means that ways of verifying identity that use new sources of information such as location or biometrics are seeing increasing usage.


For example, if somebody has a bank account code but is unable to submit a correct fingerprint then they might be prevented from completing a certain transaction.


Another example might be using the location capability of a smartphone to check whether an access request is coming from an unusual location where a particular person doesn't normally travel.


Overall, identity theft may seem like more of a possibility in the digital age, but more and more ways of mitigating it are being developed.



Categories: None

Post a Comment


Oops, you forgot something.


The words you entered did not match the given text. Please try again.


Reply Ahkdbiome
9:29 PM on February 3, 2021 
best online pharmacy stores canadian rx walgreens pharmacy
Reply AqcfMessynisy
1:57 PM on February 8, 2021 
cialis no prescription cialis 10mg vs 20mg how much is a cialis prescription with no insurance
Reply KuikWaync
10:03 PM on February 8, 2021 
viagra price comparison uk buy real viagra on line without prescription viagra or cialis
Reply JbnvHepsy
12:47 PM on February 10, 2021 
get instant payday loan online ace payday loans grants pass oregon cash advance loans sc
Reply KbbfWaync
8:25 PM on February 17, 2021 
buy viagra no prepcription viagra in hamburg
Reply Abgcbiome
1:40 PM on April 7, 2021 - thesis services doctoral thesis
Reply Abdgbiome
9:53 PM on April 22, 2021 
Cialis kamagra oral jelly
Reply GvdbHepsy
4:48 PM on April 24, 2021 
tadalafil alcohol tadalafil 40mg
Reply Lhdvwhate
11:15 AM on April 26, 2021 
cialis without prescription best prices cialis
Reply Lrbsbiome
8:20 AM on April 27, 2021 
how long does levitra last in your system levitra generic usa what is levitra 20 mg
Reply Rfvbwhate
1:21 AM on April 29, 2021 
\'generic cialis\' cialis no prescription
Reply Abdgbiome
4:31 PM on April 30, 2021 
canada medication pharmacy cialis from canada
Reply BbdfNift
2:41 AM on May 1, 2021 
viagra wiki - no prescription viagra brand viagra
Reply Jbsdbiome
6:38 PM on May 2, 2021 
viagra pharmacy 100mg price prescription drugs
Reply Rebfwhate
1:06 AM on May 4, 2021 
cialis and paypal original cialis low price
Reply Jebgbiome
6:22 AM on May 6, 2021 
Artane Flagyl
Reply Anoobiome
4:22 PM on May 10, 2021 
officielle prijs viagra - viagra importazione cheap viagra +
Reply Rebfwhate
10:44 PM on May 10, 2021 
cheap cialis generic cialis from canadian pharmacy registerd
Reply Fmrfbiome
5:04 PM on May 11, 2021 
cialis without rx selling cialis in us
Reply Lbsowhate
6:09 PM on May 14, 2021 
order cialis online pharmacy - generic cialis india how can i buy cialis online