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The prosecution documents [PDF] make for some eye-opening reading. The defendant targeted accounts belonging to both random students and students he’d known personally. He requested that other people break into the accounts and accessed a number himself without permission. As we said, big trouble and bigger fines.
Given that 52% of people use the same password for multiple accounts, compromising one account can give a criminal access to a vast range of personal data. Tax documents such as W-2s and 1040s can be purchased for around $1.04, while Social Security numbers range from $0.19 to $62 for bundles of personal details.
The legal filing cites liberally from an investigation KrebsOnSecurity published in July, which found that identity thieves were able to assume control over existing Experian accounts simply by signing up for new accounts using the victim’s personal information and a different email address.
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