Identity Fraud on Caffeine! The Threat of the Coffee Shop

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Current fraud stats show that the U.S. economy loses in excess of $100 billion annually to fraud, a pattern that is mirrored in other countries such as the UK. The UK economy lost £52bn in 2012 from fraud, 41 percent of which was accredited to online attacks.

Jumio Inc, a next-generation credentials management company, is cautioning users to be wary of which Wi-Fi network they are connecting to at their local coffee shop. The danger of fraudsters running bogus networks with the same name as the real Wi-Fi network is revealed in new research from Jumio in its soon to be released white paper, "The Fraudsters Playbook."

David Pope, director of marketing and payment fraud expert at Jumio, asserts, "Businesses and consumers alike must be aware that there are many disreputable networks posing as official networks -- their only true purpose is to steal the personal details of unsuspecting Wi-Fi users."

 

Related Topics : Unisys, Stimulus Package, Security Breaches, Symantec, Electronic Surveillance

 
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