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Confessions of an ID Theft Kingpin, Part II

Krebs on Security

Ngo was recently deported back to his home country after serving more than seven years in prison for running multiple identity theft services. But the Secret Service discovered his various accounts at these data brokers and had them shut down one by one. By this time, his ID theft services had earned roughly USD $3 million.

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Hacked Data Broker Accounts Fueled Phony COVID Loans, Unemployment Claims

Krebs on Security

A group of thieves thought to be responsible for collecting millions in fraudulent small business loans and unemployment insurance benefits from COVID-19 economic relief efforts gathered personal data on people and businesses they were impersonating by leveraging several compromised accounts at a little-known U.S.

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Here Are the Top 3 Online Scams and How to Avoid Them

Identity IQ

The recent Federal Bureau of Investigations Internet Crime Report shows that cybercrime has spiked, leaving hundreds of thousands of victims and costing more than $4 billion. Phishing scams accounted for 241,342 complaints in the report, generating $54 million in total damages. billion in 2019 to $4.2 billion in 2020. Phishing Scams.

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How To Keep Cybersecure Over the Holidays

Adam Levin

It’s a good idea to prepare for cybercrime, and whenever possible avoid becoming a victim of it. None of this is to suggest that falling prey to holiday cybercrime is unavoidable or that the potential damage can’t be mitigated, but it is important to educate yourself, friends and family to safeguard the holiday season.

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UK ‘open banking’ efforts provide case study in risks, rewards tied to digital transformation

SC Magazine

open banking seeks to give consumers and small businesses ownership over their own data and the ability to share it with other parties. There is also a concern that the compromise of certain apps could provide cybercriminals with “an enterprise-wide view of all accounts across a customer’s portfolio.”.

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Cybercrime: How to Report and Recover

SecureWorld News

Cybercrime nearly always increases during times of crisis as criminals take advantage of panic and unease. The COVID-19 pandemic is certainly no exception, but victims of cybercrime often don’t know where to turn for help. Kristin Judge, founder of the Cybercrime Support Network, hopes to change that. billion in victim losses.

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First American Financial Corp. Leaked Hundreds of Millions of Title Insurance Records

Krebs on Security

The digitized records — including bank account numbers and statements, mortgage and tax records, Social Security numbers, wire transaction receipts, and drivers license images — were available without authentication to anyone with a Web browser. According to the FBI, BEC scams are the most costly form of cybercrime today.

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