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Identity Theft: How Safe Are You? Steven Stone. What is Identity Theft Identity consists of: – Social Security Number – Credit Card Number and Credit.

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Presentation on theme: "Identity Theft: How Safe Are You? Steven Stone. What is Identity Theft Identity consists of: – Social Security Number – Credit Card Number and Credit."— Presentation transcript:

1 Identity Theft: How Safe Are You? Steven Stone

2 What is Identity Theft Identity consists of: – Social Security Number – Credit Card Number and Credit Score – Bank Account – Name, Address, Phone Number Identity theft is fraud Thief takes personal information for their own gain usually for financial purposes

3 Identity Theft Isn't New Many instances of identity theft before the technology age Term coined in 1960

4 Early Forms of Stealing Identity Kill someone Dumpster Diving Pretexting

5

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7 Identity Theft and the Internet Lots of people use the internet to – Pay bills – Do taxes – Shop – Apply for Credit Cards and Loans – Work Information is easily accessible to tech savvy criminals

8 Identity Theft and the Internet The two main techniques used to steal information off the internet are – Malware – Phishing

9 Malware Thieves can steal user information using key loggers. Most malware is attached to s or downloaded from malicious websites Malware is usually attached to Phishing scams

10 Phishing Play on the word “fishing” Tricks user to give away information Works by playing off the trust of the victim Early phishing attempts started off as claiming the victim won a prize or they had a chance for a big investment. Current phishing involves spoofing legitimate company s and/or websites such as banks

11 Zeus* *Zeus is a Trojan horse and has nothing to do with the father of the Gods.

12 Zeus A Trojan horse spread through phishing attacks PC version (Zeus) and mobile version (Zitmo) First appeared in 2007 when it stole information from US Department of Transportation In 2009 it was attached to over 9 million phishing s under the disguise of Verizon Wireless

13 Zeus Zeus has infected millions of computers across 196 countries, nearly 3.6 million in USA alone. In October 2010 the FBI shut down a crime ring that stole $70 million with Zeus Zeus is easily available to criminals Zeus is hard to detect “Interested in credit card theft? There’s an app for that.” - Gunter Ollmann, security specialist

14 Zeus

15 FireSheep Firefox extension Used unsecure connections to collect cookies containing log in information for websites

16 FireSheep

17 Notable Case Name: Albert Gonzalez Stole 170 million credit card and ATM numbers Created website called Shadowcrew that sold private information to highest bidder including usernames and passwords to addresses Hacked into databases of TJ Maxx, Dave and Busters, Barnes and Nobles, J.C. Penny, and Target Sentenced to 20 years in prison

18 What is being done about it? Identity Theft and Assumption Deterrence Act Internet Crime Complaint Center(IC3) Credit fraud companies popping up

19 LifeLock

20 LifeLock - Failure Todd Davis has had his identity stolen 13 times since his marketing campaign for LifeLock LifeLock has been sued and fined $12 million by the FTC for false advertising and fraud

21 Conclusion The only one that can stop your identity from being stolen is you Be careful Be aware Be smart

22 References html

23 References world.html Phones /


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