Mr. Jamshed Masood who is a telecom sector executive provided information about how to identity thefts and how to prevent them in the digital age. He discussed the real definition of identity theft, its impact. Not only limited to this, respected speaker also gave the complete information of different types of identity thefts and their methods such as hacking, shoulder surfing. While discussing these thefts, light on prevention methodology to treat these kind of thefts was also given to the audience.

1. Identity Theft &
Prevention
PRESENTATION BY
JAMSHED MASOOD

2. Identity Theft in the Digital Age!!!
• “46000 New IdentityTheftVictim Every Day in 2017” (Javelin
Strategy & Research’s 2017 IdentityTheft Report for USA)
• More than 17 million victims had more than $ 17 billion stolen over the
year.

3. What’s Identity Theft?
• Identity fraud is defined as the unauthorized
use of another person’s personal information
to achieve illicit financial gains
• Identity fraud can range from simply using a
stolen payment card account, to making a
fraudulent purchase, to taking control of
existing accounts or opening new accounts.
• It’s a serious crime that can wreak havoc with
• Finances
• Credit history
• Insurance
• And Reputation

4. ID Theft – the breakdown

5. Types of ID Theft
• Children with:
• CNIC
• No associated information
• No one to pay attention – for years
• Deceased Individuals with:
• CNICs and accounts to close
• Personal data
• Pre-occupied families
• Synthetic Identities:
• False information mixed with real to
create a new identity
• YOU with your:
– Bank and credit accounts
– Investments
– Insurance
– CNIC and Govt documents

6. Purposes of ID Theft
• To obtain financial and / or medical services and benefits
• To conceal identity, with multiple motives:
• Creditor and tax evasion
• Avoiding criminal records
• Illegal immigration
• Phishing, whaling
• Funding espionage, terrorism

7. Financial Identity Theft
• The most common variety, used to:
• Steal money
• Bank and investment account fraud
• Obtain credit
• Credit and debit card fraud
• Loan fraud
• Set up a means to launder money
• International crimes
• Consequences include:
• Loss of savings / investments
• Damaged credit
• Tax Losses

8. Medical ID Theft
• “How Medical IdentityTheft Can GiveYou
a Decade of Headaches” (Bloomberg.com/tech-
blog 11/8/12)
• “…you have to go provider by provider, hospital
by hospital, office by office and correct each
record….
• “…while you’re… trying to clean up the records,
the identity thief can continue to go around and
get medical services in the victim’s name. Really
there’s no way to effectively shut it down.”
• Medical identity fraud is estimated to cost the healthcare
industry almost $40 billion annually, driving up the cost of
healthcare for everyone.

9. ID Theft Methods
• Account Hijacking
• The fastest growing form of identity
theft; occurs when a criminal obtains
your personal banking information and
uses it to take over your bank
accounts.
• Dumpster Diving: searching
through garbage for personal
information
• Retrieving personal data from IT equipment
and storage media disposed of carelessly
• Retrieving paper bank and credit card
statements from home trash bins
Camera

10. More ID Theft Methods
• Hacking
• Taking information from computers
through viruses andTrojan horses
• Infiltrating organizations that store and
process large amounts of particularly
valuable personal information
• Shoulder Surfing
• Eavesdropping or looking over
someone’s shoulder to obtain personal
information

11. Methods, continued
• Phishing and Social Engineering
• Impersonating a reputable institution to gain trust, and then
asking for information.
– Browsing social
networking websites
for personal details
published by users,
often using this
information to
appear more
credible.

12. Methods, continued
• Just Plain Stealing
• Pickpocketing, housebreaking, or other theft: physically
stealing bank or credit cards, identification cards, passports,
etc.
• Using public records about individual citizens, published in
official registers
– “Skimming”
information from bank
or credit cards
– Exploiting insider access
and abusing the rights
of privileged IT users

13. Recent Examples close to home
• Accounts Opened and Operated without Knowledge
• Money Laundering
• Accounts of Deceased Operated withoutVerification
• BISP Calls
• Callers Impersonating as Bank Call Centers Asking for Info
• SIM Issuance on CNIC Copies
• Stolen ATM and Credit Cards
• Use of Stolen SIMs in illegal activities

14. Easy protections
• Do not give out financial information (account numbers, credit
card numbers or your CNIC number) unless you know the
organization or person requesting this information.
• Notify your bank
or credit card
company of any
suspicious phone
inquiries asking
for account
information.

15. What can you do?
• Take proper steps to safeguard your personal information:
• Carry as few credit cards as possible and periodically check to make sure
you still have them all. Use an aluminum card case.
• Guard your CNIC and Health insurance cards like money.
• Try Not to carry around your CNIC and try not to write your CNIC
number on anything.
– Guard your banking and credit card
PINs (Personal Identification
Numbers) and passwords carefully.
Don’t write them down.
• Make your PINs and passwords hard
for someone else to guess.
• Never use your birth date or any digits
from your CNIC number.

16. Computer Precautions
• Install a firewall, anti-virus software, and
anti-spam software on your computer
and make sure these systems are
updated often.
• Be wary of pop-ups. Most are just
legitimate ads, but always close them
from theTask Manager. Clicking the X
could install a virus on your computer.
• Don’t open emails from people you
don’t know.

17. 10 Golden Rules
1. There’s no guaranteed get-rich-quick schemes - sound
to good to be true?
2. Never send money or give out your details when you do
not know / trust the person or company you are giving
them to.
3. Destroy personal information, shred documents, credit
cards etc.
4. Log directly onto a website rather than clicking on the
link provided.
5. Never reply to spam emails, even when you're trying to
stop them.

18. 10 Golden Rules
6. Always remember: scammers are cunning and clever.They
know how to manipulate you to produce the response they
want.
7. Legitimate banks and companies will not ask for your details
via email or phone.
8. Just because a company has a well designed website doesn't
means it is legitimate.
9. Be suspicious. If you are unsure about anything, seek advice
from family or Police.
10. Never get embarrassed by reporting a scam – If you spot a
scam or have been scammed contact
http://www.nr3c.gov.pk/

19. ThankYou!
Feel free to ask
any questions!