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Robert Siciliano February 20 - Robert Siciliano

What is Synthetic Identity Theft?

Identity theft is when a person steals another person’s private and personal information, generally to make money from it. You probably already knew this, but have you heard of synthetic identity theft? This is a bit different.

With synthetic identity theft, a person creates a new and very fake identity by combining the real information from a person with made-up information. You might not think this is a big deal, but it can be very bad for anyone who has their identity stolen.

Here are three ways that ID thieves can create synthetic identities:

Creating a New Credit Profile

The most common way to create a synthetic identity is to create a new credit profile using the victims SSN but a different name. Basically, they apply for credit using these fake identities. Generally, the application will be denied, but in the process, it creates a credit profile. Then, they can apply to companies that cater to people with poor or no credit. Though the card limits are typically small, less than $500, it still gives them money.

The Piggyback

Another thing that people do to create a synthetic identity is the piggyback. Basically, they look for people who have good credit, and then add a fake person as an authorized user to the account. They do not use the account, however. Instead, they let it sit for a few months. The credit agencies create a report of the synthetic identity, who now has an excellent credit rating and can get high limit credit cards.

Data Furnishing

The third tactic is called data furnishing. This is quite effective and sophisticated and requires the participation of someone from some type of business. Basically, they need a small business owner or manager who is willing to help with this fraud. The company is already vetted and is then approved to offer information on customers. They allow fake IDs, or synthetic identities, for malicious duties. This generally takes several months to set up, but the thieves can make a ton of money.

Right now, it’s hard to really pinpoint the financial impact of what these synthetic identities have, though it is believed that it has caused billions in losses. That means, however, for an ID thief, there are billions to be made. Fortunately, there are some things you can do to protect yourself including being very careful about the information you are sharing, especially on social media. Also, make sure you have a credit freeze and identity theft protection and that you are regularly checking your credit report.

ROBERT SICILIANO CSP, is a #1 Best Selling Amazon author, CEO of CreditParent.com, the architect of the CSI Protection certification; a Cyber Social and Identity Protection security awareness training program.

  • What is Synthetic Identity Theft?
                                        
                                        Identity theft is when a ... via Robert Siciliano

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Polestarsolutions February 13 - advanced analytics

The term big data 📊 started to show up sparingly in the early 1990s, 🚀🚀 and its prevalence and importance increased exponentially as years passed.

⛔ Nowadays big data is often seen as integral to a company's data strategy.

#1: Volume
#2: Velocity
#3: Volatility
#4: Veracity
#5: Visualization
#6: Vulnerability
#7: Variety
#8: Value

#businessintelligence #business #analytics #bigdata #datascience #dataanalytics

  • ✅ 8 keys 🎯 V's to making big data a huge business. via Polestarsolutions

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Robert Siciliano January 30 - Robert Siciliano

How a Wi-Fi Hacker Snoops on Your Laptop and Mobile

You have likely heard of the dangers of using unsecure public Wi-Fi, so you know that hackers are out there snooping. It is pretty easy to hack into a laptop or mobile device that is on a public Wi-Fi connection with no protection. Hackers can read your emails, steal passwords, and even hijack your website log ins.



Let’s imagine that you are in a local coffee shop with your laptop. All someone has to do is download a wireless network analyzer, which usually has a free trial, and with the right hardware and additional software they can often see what everyone is viewing online…unless they are protected. In some cases they can also read your emails that are going out and received, as well as texts you might be sending. Scary, right?

Tips on How to Use a Wi-Fi Hotspot Safely

You now know what you are up against when you connect to a public Wi-Fi spot, but you should also know that you can use them with some safety in mind. Here are some tips:

When you log onto a website, only use an encrypted connection. This means use the URL that begins with HTTPS, not HTTP. Keep an eye on that as you move from page to page because some sites will send you to an unsecured page, which makes you vulnerable.
There are also many websites out there that will allow you to encrypt your browsing session automatically. Facebook, for instance, has this. To turn it on, go to your “Security” settings on the site, and then enable “Secure Browsing.”
If you are going to check your email, login to your web browser and then ensure that your connection to your email client is encrypted. (Check by looking at HTTPS). If you are using Outlook, or another email client, make sure that your settings are set for encryption.
Don’t use any service that is not encrypted when you are on a public Wi-Fi connection.
Consider using a VPN when you are connecting to a public Wi-Fi connection. There is a small fee for this, but it’s well worth it.
Beware of “evil twins” which are rogue networks designed to mimic legitimate networks. Example “ATT WiFi” my be “Free ATT WiFi”. Other than downloading special software that detects evil twins, the best case is to ask someone who’s knowledgeable as to which network is the safest.
If you are on a private network, make sure you realize that they are also vulnerable. Anyone who knows how can spy on the network. Again, use WPA or WPA2 security so the connection is encrypted. However, if someone guesses or knows the password, they can still spy on any device that is connected
ROBERT SICILIANO CSP, is a #1 Best Selling Amazon author, CEO of CreditParent.com, the architect of the CSI Protection certification; a Cyber Social and Identity Protection security awareness training program.

  • How a Wi-Fi Hacker Snoops on Your Laptop and Mobile
                                        
                                        You hav... via Robert Siciliano

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