Identity theft can simply be defined as the crime of obtaining another person’s personal or financial information in order to make unauthorised transactions, access accounts, create new accounts, or perform fraudulent activities. The oftenness of this crime has risen at a steady pace, and criminals often use electronic means to obtain the personal information needed to carry out this crime.
Any personal data is vital to perform ID theft and aid in crafting believable spear-phishing eMails that can appear to be sent from trusted sources. Through this activity, an attacker can gain control of the target device, enabling access to more PII (Personally Identifiable Information). Information such as age, salary, phone numbers to mention but a few is very critical for an ID thief to succeed in stealing an identity.
The threat actor’s motives may include but not limited to attempts to ruin reputation, create legal conundrums or cripple financial status. The attackers come in various shades or forms like Hacktivist, disgruntled former/current employees, cyber criminals etc. All of these factors result in a deepening cyber risk environment and therefore requires greater vigilance on the part of individuals to protect private information.Read More »