Identity Theft Presentation at Infosec Cyprus 2007.

1. Identity Theft Jorge Sebastião Founder and CEO

2. May 2006 – Veterans Administration laptop with personal information on 26.5M veterans is stolen. “Total losses could top $500M.” – VA Secretary Nicholson Jan 2007- Hackers stole data from at least 45.7 million credit and debit cards at retailer T.J.Maxx – total costs could exceed $1.0B May 2006 – CIO, CSO fired Ohio University 137,000 student accounts compromised

4. News

5. More sophisticated Attacks

6. What happens when Hackers grow UP? Criminals

7. ATM Attack-1

8. ATM Attack-2?

9. Skimmer • Capacity > 2500 credit cards • 40 hours Operations • Panic button can deleted information to avoid prosecution. • Cost = $500

10. Credit Cards for Sale

11. Identity Theft brokers

14. ID Theft– New Way Phishing / Pharming Hijack/Skimming

16. Social Engineering

18. People is the biggest problem?

23. Online Resources

24. Old ID Systems ID CARD CPR CARD Driving License

26. Biometrics also victim

27. Banks Credit Card Technological Safeguards Truncation of Account Numbers CISP Verified By Visa Issuers’ Clearinghouse Advanced Authorization CVV Address Verification CVV2 Technology Innovations

28. Free Services to customers

29. End User Awareness

30. Questions? [email_address]