Facebook Nigerian Scam Costs Victim $300,000+
At this point, we are all pretty used to the classic Nigerian Scam. Someone who is recently wealthy needs your help to gain access to the funds. They will let you keep $1 million if you will simply send them your bank account number so he can transfer $30 million to you. Its a dream come true to most!
What happens when that same scam is used on Facebook by one of your friends, by someone you trust? The results can be disastrous. One woman was scammed out of $366,000 because she felt sorry for the scammer’s sob story. The woman contacted the local authorities after realizing she had been conned by her Facebook “friend”. Police arrested six male suspects in Kepong, all allegedly connected to the Facebook scam: two Nigerians, two Bangladeshis, and two Malaysians. Investigators only managed to recover $5,000 in cash of the victim’s money, although they also seized 18 ATM cards, seven cell phones, and a laptop.
At least in this case the men were apprehended. In most scams of this nature there is no chance of finding the scammers and the money is long gone. Even when one of your Facebook friends asks you for something (money, help, information), your first reaction should be healthy skepticism. Verify that what they are saying is true (call them before sending money). Often times, a thief will take over a friend’s account or create a false account in order to gain your trust and eventually, your money.
Sony Data Breach Grows by 25 Million – $1 Billion Price Tag
Sony just admitted this week that their Sony Online Entertainment (SOE) division, which they though was not affected by the recent breach, has also been compromised. They believe that the hackers stole personal information from an additional 25 million users and that the breach included credit card information.
In an unrelated article, Mizuho Investors Securities analyst Nobuo Kurahashi estimated the cost of Sony’s recovery from the data breaches to be approximately $1.25 billion:
Kurahashi estimates that the data breach will cost Sony about Y100 billion, or $1.25 billion from lost business, various compensation costs and new investments–assuming that no additional security problems emerge. The cyber attacks on Sony in recent weeks involved the theft of personal data that include names, passwords and addresses from accounts on its PlayStation Network and Sony Online Entertainment gaming services. Sony has also said that more than 10 million credit-card numbers may have been compromised.
The return on investment of Sony simply protecting their customer data properly in the first place would be thousand-fold. But if companies were doing more to protect themselves before the attack, what would we write about?
John Sileo’s motivational keynote speeches train organizations to play aggressive information offense before the attack, whether that is identity theft, data breach, cyber crime, social networking exposure or human fraud. Learn more at www.ThinkLikeASpy.com or call him directly on 800.258.8076.
WiFi Security Flaw in Smartphones Threatens Your Wallet
Recent information available in Britain has shown that popular hotspots can be easily mimicked by thieves, which leaves consumers vulnerable to identity theft.
Tests conducted showed that security experts were able to obtain usernames, passwords and messages from phones using WiFi in public places. The tests all used volunteers so that no actual breach occurred. In cases where the iphone 4 was targeted, the information could be taken and stored without the user even knowing.
This issue is a huge problem for the UK’s nearly 5 million BT hotspots located in train stations, coffee shops, hotels, and airports. While the smartphone service providers have knows about these WiFI security flaws for some time, they have still not done anything about it.
Using inexpensive communication equipment and free software that you can download from the internet, thieves can set up bogus hotspots to start sniffing your personal information. Once you have established a connection with one of these impersonators, whether on a phone or laptop, they can start decrypting your sensitive data.
While this is a huge issue, identity theft experts have found that a bigger problem is when these fake WiFi hotspots ask you to pay for the service and then gain access to your credit card number. Thieves state that once they have your personal logins and your credit card number, they can do almost anything, including buying gifts, purchasing gift cards for any amount, wire transferring funds to themselves, in addition to other methods for turning your privacy into profits.
Sony PlayStation Network User Information Hacked
Sony Corp. on Tuesday admitted that hackers have obtained personal data and possibly credit card information of tens of millions of people who have registered for PlayStation Network, the company’s online game and movie service, as well as its Qriocity digital music service.
PlayStation is a fun game, data breach is not.
As of March 31st, the Sony PlayStation Network has about 77 million accounts. These accounts link users to the network to obtain downloads and access online movies through services like Netflix. While Sony states that not all of the 77 million accounts are active accounts and some individuals have multiple accounts, they are not denying that a breach of information occurred.
The company spokesman, Patrick Seybold, admitted that the hackers not only gained such information as names, addresses, phone numbers, user names, birth dates, email addresses and passwords of registrants; but they are unsure if credit card information was compromised as well. Update: Sony recently announced that an additional 25 million records were breached.
“While there is no evidence at this time that credit card data was taken, we cannot rule out the possibility,” Seybold wrote. ”If you have provided your credit card data through PlayStation Network or Qriocity, out of an abundance of caution we are advising you that your credit card number (excluding security code) and expiration date may have been obtained.”
Tired of Being Tracked by Websites? Do Not Track is Here.
In response to the growing demands for more privacy on the internet, Mozilla implements a Do Not Track option in Firefox 4.
The most recent version of Mozilla Firefox, which was rolled out this February, offers users the option to opt-out of website tracking. Once enabled, the user’s preference to not be tracked is automatically sent to the website. That doesn’t mean that the website has to do anything about it, but there will probably be a bit of a stink about those sites that don’t respect user’s privacy preferences (it would be the equivalent of someone making a sales call to you after you join the Do Not Call list). Unfortunately, most users will never know which websites are participating in the opt-out Do Not Track function.
Learn more about Firefox’s Do Not Track Technology and about the Big Brother issues posed by companies tracking your every move on the internet.
In my opinion, beginning to solve the surfer privacy issues at the browser level is the right direction to take. It is the most universal gate through which all surfers pass – no one visits a website without touching a browser. If consumers get behind the technology now and let the companies they do business with know that they expect them to honor Firefox’s Do Not Track technology, there will be no option but to acquiesce.
Don’t Have a Fraudulent Valentine’s Day
Romance is in the air, but so is fraud.
I hate it when scammers take advantage of you on holidays. In fact, I don’t much like being the person responsible for telling you that fraud goes way up during holidays like Christmas and Valentine’s Day. But it’s my job, and it’s important to me, and you have nothing to worry about if you are using common sense. In case your common sense is lacking due to all of the chocolate, here are some thoughts on Valentines Scams.
In happy and/or busy moments, people tend to let their guard down. Consumers are happier, more trusting, generous and hopeful around Valentine’s Day. This is a good thing. We want people to be happy, in love and celebrating each other.
I just don’t want you to be so distracted that it gives an identity thief an opening to take advantage of you. Around this time there is a rise of online scams, especially where thieves send out malicious links that direct you to a site where you are tricked into giving personal information.
Avoid Super Bowl Scam
With any big sporting event comes the opportunity for thieves to take advantage of desperate fans. This rings true with the upcoming Super Bowl match between the Packers and the Steelers (appropriately named, but incorrectly spelled for this post on theft). Whether you watch the game for the fun commercials or to root for your new favorite team (sorry, Broncos), we can all agree that Super Bowl Sunday is almost a national holiday. With any holiday comes predators looking to take advantage of distracted and unsuspecting fans.
Here are a few Super Bowl themed scams that you should be aware of:
Fake Tickets. According to the NFL, in recent years, between 100 and 250 football fans have shown up to Super Bowl games with bogus tickets. Before booking a hotel room and hopping on a plane to Dallas make sure that you have legitimate tickets to the big game.
Michelle Reinen, director of the Bureau of Consumer Protection says, “Actual Super Bowl tickets are printed on thick, heavy paper with bar-codes, holograms and raised ink. In addition, the NFL says the tickets include heat sensitive logos that disappear with the touch of a thumb.”
Secrets of a Former Credit Card Thief
We’ve all heard the standard tips about preventing identity theft and credit card fraud. But what would a real identity thief tell you if he had the chance? A recent interview with creditcards.com talks to a thief one on one and reveals the secrets 
behind credit card theft.
Dan DeFelippi, who is 29 years old, was convicted of credit card fraud and ID theft in 2004. He tells consumers that: You can never be too careful.
DeFelippi, Learned at an early age how to create fake Id’s and he said it went down hill from there. He mostly made fake credit cards with real credit card information he bought online. He would then make fake Id’s to go with them and purchase big ticket items at Best Buy or Circuit City. He would turn around and sell them on Ebay for cash. DeFelippi says committing credit card fraud is still “ridiculously easy to do,” he says. “Anyone with a computer and $100 could start making money tomorrow.”
CreditCards.com: How did you get started?
Fraud Statistics – Colorado High on Scam Scale
Last week a list of 10 most scammed states was released, and Colorado ranks #3. The statistics, based on information from the Federal Trade Commission. According to their report, Coloradans receive more scam invitations via email, mail and phone than most other states. Add to this the number of new victims thanks to all of our information sharing on social networking sites like Facebook, and identity theft becomes relatively easy.
Here are the rankings for the top 10 states: 1. Washington D.C., 2. Nevada, 3. Colorado, 4. Maryland, 5. Florida, 6. Arizona, 7. Oregon, 8. Washington, 9. Delaware, 10. California
While many people think of scams that affect their pocket book directly, most thieves want to steal an entire identity from their victims. They are looking for as many pieces of personal information as possible, including: full name, Social Security number, address, phone number, mothers maiden name and passwords. This type of information allows them to use your identity to take out loans and purchase houses, not just wipe out your savings account or spend a bit on your credit cards.
The study found 412.4 fraud complaints and 95 identity theft victims for every 100,000 Coloradans. Some other Identity Theft Statistics include:
- Identity Theft counts for 21% of all fraud cases, followed by Third Party Creditor and Debt Collection Scams.
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