Risk Factory How to Steal an Identity
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Risk Factory How to Steal an Identity

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The Top 10 methods used by fraudsters to steal identity information and what to do about it.

The Top 10 methods used by fraudsters to steal identity information and what to do about it.

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Risk Factory How to Steal an Identity Risk Factory How to Steal an Identity Presentation Transcript

  • How to Steal an Identity
  • My Name Is… Richard Hollis David Burton Sean Bennett ?… Call me Ishmael
  • The Definition “Identity theft is the pilfering of a individual’s personal identification information, such as name, date of birth, passport number, drivers licence, credit card number, mother’s maiden name etc. in order to commit fraud”
  • First Recorded Theft Genesis iii: 13 …and the woman said, “The serpent beguiled me, and I did eat”.
  • According to … Identity theft is the world’s fasted growing crime
  • Why? 1. Hard to identify 2. Hard to stop
  • Why? 3. “That’s where the money
  • That’s Where the Moneyis… 2001Name, Address DOB = £2.00Credit card # = £2.00Expiry date = £ 3.00Security Code = £3.00 2006 Total = £10.00 Name, Address DOB = £1.00 Credit card # = £1.00 Expiry date = £ 1.00 2012 Security Code = £2.00 Name, Address DOB = £.25 Total = £5.00 Credit card # = £.25 Expiry date = £ .25 Security Code = £.25 Total = £1.00
  • Chat Up Line # 63 In March 2008 there were 76.8 millionNational Insurance numbers in the UK*. *U.K. Information Commissioners Office UK Population = 61 million
  • The Price We Pay• Identity fraud accounts for a criminal cash flow of £12m per day.• The mean fraud amount per victim is currently estimated at £5,783.• The mean resolution time is over 100 hours per victim.• Over 75% of victims are unable to clear up associated credit problems after 6 months.
  • Fraud Breakdown
  • Who Are You ?
  • Three Elements 1. Attributed 2. Biometric 3. Biographi c
  • Attributed Identity • Your name • Date of birth • Place of birth • M other’s name • Father’s name • Family members • Your race Characteristics ascribed to you at birth
  • Biometric Identity• Your height• Your weight• Color of your eyes• Color of your hair• Color of your skin• Birthmarks• Your DNA• Your fingerprints• Your footprints• Your retinal pattern Your distinguishing• Your smell… physical characteristics
  • Biographic Identity • Birth certificate • School records • Work permit • Drivers license • Places of employment • Places of residences • Marriage certificate (s) • Divorce certificate (s) Your life story • Credit history information
  • 2 TypesTemporary BulletproofAttributed AttributedBiographic Biometric Biographic
  • Top Ten TipsHow to Steal an Identity
  • Tip Number 1• Take one that’s not being used – Friend (or frenemy) – Neighbour – Dead relative – Pensioner or invalid – Child – Co-worker – Person sitting next to you?
  • Birth & Marriage Notices
  • Genealogy Searches
  • List Pensioners
  • Death Notices
  • Get a Life…
  • People Search Engines
  • Google ‘em
  • Tip Number 2• Go through their mail – Credit card applications – Credit card statements – Bank statements – Loyalty card promotions – Membership applications – Telephone calling cards – Tax information – Pay stubs - receipts
  • Tip Number 3• Go through their trash – Credit card applications – Credit card statements – Bank statement – Loyalty card promotions – Membership applications – Telephone calling cards – Tax information – Pay stubs - receipts – Credit card carbons
  • Tip Number 4• Ask for it! – “Pretexting” phone call – Letters to former employers – Military records – FOIA requests – DPA requests – Public records
  • Credit Reports
  • Credit Reports
  • Tip Number 5Buy the information – Marketing companies – Mailing lists – Targeted media – Email databases – Membership lists – Private detectives – Cyber sleuths
  • Mailing Lists
  • Marketing Companies
  • Private Investigators
  • Tip Number 6Buy an ID
  • Buy Two…
  • Buy Three…
  • That’s Where the Moneyis…• Passport: £350• Driver’s license: £75• Birth Certificate: £50• Bank statements: £50• University Degree £45• Utility statements: £50• Insurance certificates: £25
  • Tip Number 7 Hack one! • Cookies • Applets • Trojans • Phishing • Pharming • Harvesting • Botting! • Data Base
  • Armies Up Their Sleevies
  • Starter Kit…Sam Spade very effectivefreeware tool that crawlswebsites searching andgrabbing email addressesand address histories etc..
  • Data Base Hacking• AKA: “The Mother Load”• One stop shopping for your all your identity data needs…• Think…Amazon, eBay, Visa, MasterCard…• Think Google
  • Data Shadow
  • Chat Up Line #18In one week, the average person living in Britainhas 3,254 pieces of personal information storedabout him or her in databases.* *Evening Standard Survey August 2008
  • Chat Up Line #27The average UK citizen is in over 750 databases.* *UK Information Commissioners Report: “What Price Privacy?” 2009
  • FactYou and I are bought and sold every day
  • Data =
  • Why Bother Hacking?
  • Why Bother?
  • Why Bother?
  • Why Bother?
  • Tip Number 8• Make one
  • Make One
  • Make One
  • Tip Number 9• Old school – Steal a wallet – Steal a purse – Kidnap someone !
  • Tip Number 10• Don’t get caught
  • Don’t Get Caught• Once you have it:  Take control of it  Change mailing address  Open new accounts using a new (false) address  Request higher credit limits  Never drain the account  Charge repeated small amounts to cards  Move on…
  • Face of an Identity ThiefRicky Leonard Swaner, 50,arrested by FBI in Feb2006 on multiple-countFederal indictment fraud,identity theft and obtainingpossession of over 2million dollars of controlledsubstances by fraud.
  • Reduce Your Risk • WAKE UP ! • Practice ID discipline • Protect information – Personnel – Client - database – Credit card – Company
  • Protect Yourself• BE PRO-ACTIVE!• Look after your identity• Don’t give it away• Don’t throw it away• Don’t sell it• Don’t let it be taken from you• Look after it as if it belonged to you
  • Questions ?
  • 26 Dover Street London United Kingdom +44 (0)20 3170 8955+44 (0)20 3008 6011 (fax)