The presentation is on the topic Phishing. This presentation will give you a better understanding of phishing, phishing techniques, how phishing works?, example of phishing, avoid becoming a victim, and what to do if you have been ‘caught’.
Slide 3: Phishing
Phishing is a form of fraud in which attacker attempt to trick the user into surrendering private information. It is sending an e-mail or displaying a Web announcement that falsely claims to be from a legitimate enterprise. An attacker’s goal is to compromise systems to get personal information like passwords, credit card numbers, social security numbers, bank account number, financial data or other information. It is estimated that between 15,000 and 20,000 new phishing attacks are lunched each month.
Slide 4: Phishing technique
Below are different techniques used to obtain personal
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Any system email involve with payment processing should be disable.
• Use a strong authentication mechanism on all payment processing systems. Replace existing username/password combination to strong so that it is not easily copied or reuse by phisher.
• Consider disabling the use of USB flash drives in payment processing systems. USB flash drive are refer as malware delivery devices and disabling will remove the chance of getting
Fraud, scams and cons are everywhere. They affect many people every day, making this a form of crime likely to affect most people, in some way, during their lifetime. The various types of scams and cons are staggering. A Google search for a list of frauds netted over 1,000 types of schemes, scams, frauds and cons. The simple truth is this: There are people out there with the desire and motive to profit from the misfortune and deception of others. They will use the methods they know to succeed (usually financially) and make a situation profitable for themselves. Some schemes are very simple, while others are incredibly complex; walking a fine line between legal and illegal. We will examine some of the various schemes and scams that have been used in the past and many of which are still used today.
...only hear about the different ways that criminals are committing electronic fraud such as hacking in to somebody’s computer and stealing their credit or debit card information. There are also cases where peoples identities have been stolen and whole other lives have been built on them by another person. It all started with check fraud and although it’s not talked about as much anymore, it is still a very large concern for most business owners and people like you and me. The tips that have been provided for us can help protect us from fraud, but it is up to us to take the extra steps to prevent check fraud. We cannot sign up for check fraud protection the same way we could for credit or debit card protection or to help protect ourselves from identity theft. There are processes in place to help us once we’ve experienced check fraud but it is up to us to avoid it.
The Impact of Online Identity Theft on Consumers and Organizations Internet fraud has become a major issue due to the ever increasing population of internet users, because the internet is such an easy solution to fast sufficient services readily available for busy lives that’s is why most of us are now dependant on the internet in some shape or form and each time we use the internet we input data that are related to use from our name, address and even bank details with the assurance that the site is safe and trustworthy, but this is not always the case because the security system implemented like all things in this world has weaknesses.
Javelin Strategy & Research released an identity fraud study in 2017. It found that $16 billion was stolen from 15.4 million U.S. consumers in the 2016 year. This compares to $15.3 billion and 13.1 million victims a year prior. Over the last six years over $107 billion has been stolen by identity fraud. So what is identity theft and how can you prevent yourself from falling prey to this growing crime?
Cyber crime is something that has become part of today’s cyberspace culture and it is a steadily growing threat on the rise. Trusteer” a Boston-based computer security company recently published a report titled “Measuring the Effectiveness of In-the-Wild Phishing Attacks”. Based on Trusteer’s calculations they concluded that the loss per every successfully compromised online banking account is approximately $2,000 which is equivalent to $9.4M per year per each one million customers. These numbers specifically address financial damages caused by the Computer-Based Crime methodology known as “Spear Phishing”.
For many years, Target has been hesitant to change credit card security and has shown little to no motivation to make changes. Due to the lack of security measures, hackers were able to steal the identities of many consumers. When credit cards are swiped, the transaction goes through the process of authorization, clearing and settlement. Each phase of the process entails the exchange of transaction data and money that needs to be settled and balanced. This process concludes when the cardholder pays for the goods or services listed on the monthly credit card statement. This is the current system that is used by Target. The company uses a customized version of the Hypercom Optimum L4150 High-Performance Multi-Lane Payment and Advertising Terminal which features a color glass touch screen that offers the brightest and the clearest interface for efficient interactive advertising at the point of sale (POS). “Global payment technology leader Hypercom Corporation delivers a full suite of high security, end-to-end electronic payment products and services” (CARTES & Identification, 2007). The benefits of this device and terminal included an advanced security structure which simplified hardware and application authentication, various privacy options which eliminated the need for add-on physical privacy shields that interfere with terminal usage by the consumer (CARTES &
Privacy Matters. (n.d.). Phishing and Identity Theft. Retrieved Febrauary 22, 2011, from Privacy Matters: http://www.privacymatters.com/identity-theft-information/phishing.aspx
Every time you got out to your favorite store or restaurant, and you pay with your debit or credit card—your information is out there. Identity theft is a major issue and is one of the fasting growing crimes. Identity theft is defined as a form of stealing someone’s identity, where someone pretends to be someone else. This allows a thief to gain access to financial information and other confidential information. Amazingly, every nineteen minutes a person falls victim to identity theft. Identity theft has grown to 9.9 million a year. After many conducted studies, it has been shown that it is more likely for the person trying to steal your identity are the ones closest to you. This person could be a relative, a neighbor, a friend etc. It is scary to think that at this moment someone would be pretending to be you. This person could be out going on a shopping spree or even buying a Lexus? That is why it is extremely important to be cautious and aware always. It is important to be checking everything and make it a habit, like every time you get into the car you put your seat belt on!
Many of the common issues leading to a security breach start with the user. There are pop ups and ads that flash on the screen of many users windows. Many of these ads are filled with infected viruses that act as if they were real. Users will click on those ads, thinking they are real, and download something they are "told" their computer needs in order to operate correctly. That is how malicious software gets installed on the computer. From there, the malicious software is designed to collect that users information whether it may be credit card information or logon credentials. This is very similar to the security in the physical world. For example, a woman receives a phone call from a number she does not know, happens to be a fake Microsoft agent. However, she cannot tell this agent is fake over the phone. The agent tells the woman her computer is infected and needs immediate attention. She then proceeds to give the agent all the information on her account and downloads the
 Phishing ultimately leads to identity theft, by using a fraudulent e-mail that appears to be from a legitimate business. These authentic-looking messages are designed to fool recipients into divulging personal data such as account numbers and passwords, credit card numbers and Social Security numbers. (Russel, K. 2004). The information gained from can be used to make purchases of exorbitant amounts, withdrawals from accounts, which leads to the loss of funds from banks and different
The Internet plays the biggest role in identity theft. On the Internet, a thief can hide from detection while stealing peoples’ identities from their homes, being able to steal peoples’ information one by one “then disappearing into another identity,” (Vacca 60). Internet fraud consists of two phases. The first being spoofing where a fake site is set up made to look like the real thing. Once that is completed the second phase, phishing, begins. This usually starts with an email that uses the
Identity theft is a term used for describing criminal that uses individual’s identity without consent. A common crime of identity theft would be identity fraud. Many of the crimes are regularly connected with money-related issues (Reyns, 2013). With technology being commonly used nowadays we are getting more dependent on it for business, financial, medical, and other forms. As a result this became a target for identity thieves as well. The Internet provides us information and accessibility, but information being stored on the Internet eas...
What is Phishing? A type of internet fraud that sends an email to a user saying there from a legitimate enterprise in an attempt to scam the user into giving up private information. These includes theft of passwords, credit card numbers, bank account details and other confidential information. How Phishing Scams works, is when a user receives an email which appears to be from a financial institution, government agency, or other well-known agency. The message will convince you with a reason why you must "verify" or "re-submit" personal or confidential information by clicking on a link within the message. The link will take you to a financial institution or government agency which looks and feels almost as identical to the legitimate one, however in reality the website belongs to the scammer. Once inside the website the user may be asked to provide their date of birth, Social Security numbers, account numbers, p...
Identity Fraud is a serious issue nowadays, and with all this new technology and electronic software it is becoming very easy to access your bank account, send and receive money, and even has pretty good security, but with all the security and protection the hackers are bypassing the systems and depositing a lot of time to withdraw all the innocent people’s hard earned money and steal all of it.
Malicious activities like identity theft, harassment and phishing activities are conducted by the cyber criminals by making use of the anonymous context of the cyber world to their advantage. Phishing scams are conducted in such a manner by the scammers that websites are created by them and emails are sent out in order to trick the account holders into revealing sensitive information like passwords and account numbers. These crimes are usually solved by the investigators in such a manner that they back trap the IP addresses on the basis of the data which is present in the header of these anonymous emails. Although, at times the information which is gathered from the IP address isn’t enough to identify the culprit in case that the information is sent from a proxy server or if the computer used to send the email has more than one user (Fouss et al, 2010).