Identity Fraud on Caffeine! The Threat of the Coffee Shop

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Tony Sales, convicted fraudster turned fraud prevention consultant, said, "This is one of the fraudsters' favorite ID theft exploits as it yields rich data that they can use to conduct fraud straightaway. They sit around in coffee shops for half a day and get 50 or so identities with passwords to their targets' online grocery shopping, their online bank accounts and other transactional sites. Then it's time to get back to base to leverage this data and get spending."

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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