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A new easy-to-deploy identity platform was announced this week to help address growing concerns about identitytheft. The Mitek Verified Identity Platform (MiVIP) melds the company's mobile technologies with those of its recent acquisitions to give its customers flexible control over their consumers' experiences.
It is customary to begin an article on cybersecurity with statements about huge increases in threats and attacks and mounting cyberspace losses from fraud, identitytheft, ransoms, data exfiltration, blackmail, etc. Few, who confront cyber issues daily, question such assertions, but there are some who say “prove it!”
On January 5, 2022, the Department of Justice (DoJ) announced the FBI’s arrest of Italian citizen Filippo Bernardini at JFK International Airport in New York for wire fraud and aggravated identitytheft.
Their report focused exclusively on financial cybercrime, including identitytheft. During the 2008–2009 Global Financial Crisis (GFC) and subsequent recession, researchers noted that cybercrime rates increased dramatically. To read this article in full, please click here
Industry respondents also expressed concerns over identitytheft at 4%, unavailable or unaffordable cyber insurance at 4%, geopolitical risks at 3%, DDoS attacks at 2% and website defacement at 0.9%, according to CSI’s annual survey of the financial sector. It was cited by 29% of respondents in a survey by Computer Systems Inc.
A pending class action lawsuit accuses online payments giant PayPal of failing to adequately safeguard the personal information of its users, leaving them vulnerable to identitytheft and related ills at the hands of the unidentified perpetrators of a data breach that occurred late last year.
It said that as of now it is not aware of any kind of identitytheft or fraud involving the leaked personal data. “As a precautionary measure, we are writing to make you aware of an incident that may affect the security of some of your personal information,” the company wrote in its incident report.
Stolen information can be leveraged for extortion, fraud, identitytheft, or even future breaches, making it a highly valuable commodity in the hands of cybercriminals, reads the report. A trend that developed last year was the increasing interest among ransomware gangs on swiping data, not just locking it up in exchange for payment.
These evils include hacking, identitytheft, online surveillance, and cyberstalking. We all know the dangers associated with hacking, identitytheft, and internet surveillance, thanks to Facebook and other social networking platforms. About Author: Anas Baig is a Cybersecurity & Tech Writer.
Employing an AI based continuous identity management system could eliminate nearly all identitytheft attacks as well as aid in security operations analysis of potential threats. The traditional combination of username and password to secure company devices and systems is outdated and could be putting your business at risk.
That type of information can be extremely valuable for things like identitytheft.”. You can enable root access, but you have to jump through a lot of security hoops just to activate it,” noted Terry Dunlap, CSO and co-founder at ReFirm Labs. Costlow agreed, adding, “Deepfakes are becoming increasingly common.
A simple, pro forma apology, a free comprehensive package of identitytheft protection and credit file monitoring, and a public statement weeks or months after the breach is discovered,” said Winick. Sometimes, however, a business offers very little in the way of comfort, helpful information or restitution.
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