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Latest Identity Theft Trend is Stealing Your Business’s Identity to Falsify Accounts
In the past two weeks, I have been contacted separately by two local business owners to share how their business identity has been stolen and used to set up accounts with various companies on which thousands of dollars are charged and they (the actual owners) are left to pay the bills. There are no identity theft statistics on this type of crime, but I am certain that it is just coming onto the trend radar. In further proof that this is becoming a major problem for corporations, the Denver Post ran an article this morning titled “Corporate ID Thieves Mining the Store“.
Here’s how this incredibly easy form of business identity theft works:
Posted in Fraud Detection & Prevention, Identity Theft Prevention by Identity Theft Speaker John Sileo.
Tags: Business Identity Theft, Business Risk, Corporate Identity Theft, Corporate Privacy, data theft, Fraud Training, Identity Theft Prevention, Identity Theft Victim, TIN, Victim, Workplace ID Theft
John Sileo knows identity theft and data breach first hand – he became “America’s Leading Identity Theft Speaker and Expert” after losing his business and more than $300,000 to these costly crimes. He has provided these Identity Theft Resources to help you protect your organization from suffering from the losses that result from unprotected private information. Visit John’s Identity Theft Prevention Store to learn more.
Hire John to train your employees to prevent identity theft, data breach and corporate espionage
Safe data is profitable data, whether it’s a client’s credit card number, a patient’s medical file, an employee’s benefit plan or sensitive intellectual capital. By the time John finishes his hilarious closing story, your audience will be fully empowered to protect private information, at home and at work.
Posted in Fraud Detection & Prevention, Identity Theft Prevention by Identity Theft Speaker John Sileo.
Tags: Data Breach, Data Breach Training, Fraud Training, Identity Theft Prevention, Identity Theft Resources, identity theft training, Information Security, seminars, Speaking, Speech, Speeches, training, workshops
Businesses often make social engineering (or fraud) training boring! And that’s bad for your bottom line, because no one ends up remembering how to protect your organization against threats like data theft, corporate espionage or social networking exposure.
Too often, fraud and social engineering workshops cover just the concepts that define fraud rather than the feelings that signal it’s actually in process at the moment. The key to training your executives, employees and even customers on fraud is to let them experience what it feels like to be conned. In other words, they need to actually be socially engineered (manipulated into giving away their own private information) several times throughout the training so that they begin to reflexively sense fraud as it is happening. Like learning to throw a ball, there is no substitute for doing it for yourself. Fraud detection is similar; it takes actually doing it (or having it done to you) to fully understand the warning signs. Anything less will leave your audience yawning and uneducated.
Posted in Fraud Detection & Prevention, Identity Theft Prevention by Identity Theft Speaker John Sileo.
Tags: Business Speaker, Detection Fraud, Engineering Social, Financial Speaker, Fraud Detection, Fraud Training, Fraud Training Expert, social engineering, Social Engineering Speaker, Training Fraud
Quoted from the original CSO Online story:
Social engineering stories: The sequel
Two more social engineering scenarios demonstrate how hackers still use basic techniques to gain unauthorized access, and what you can do to stop them
By Joan Goodchild, Senior Editor
May 27, 2010 —
John Sileo, an identity theft expert who trains on repelling social engineering, knows from first-hand experience what it’s like to be a victim. Sileo has had his identity stolen—twice. And both instances resulted in catastrophic consequences.
The first crime took place when Sileo’s information was obtained from someone who had gained access to it out of the trash (yes, dumpster diving still works). She bought a house using his financial information and eventually declared bankruptcy.
“That was mild,” said Sileo, who then got hit again when his business partner used his information to embezzle money from clients. Sileo spent several years, and was bankrupt, fighting criminal charges.
Posted in Fraud Detection & Prevention, Identity Theft Prevention by Identity Theft Speaker John Sileo.
Tags: CSO Online, Fraud, Fraud Training, Fraud Training Expert, Fraud Workshops, John Sileo, Scams, social engineering, social engineering expert
The story about the Harvard student who fraudulently gained access into Harvard University is an excellent lesson in repelling fraud. Watching the video to the left, you will be struck by how many opportunities there were to catch him in the act of lying. But it didn’t happen for a long time. The underlying reason he didn’t get caught is the same for prestigious universities like Harvard, Fortune 500 Companies and small businesses alike:
No one verified his claims (until recently). Verification is a learned skill that is under-utilized and under-
trained in corporate America.
Posted in Identity Theft Prevention by Identity Theft Speaker John Sileo.
Tags: Adam Wheeler, Admissions, Fraud Training, Harvard, Identity Theft Prevention, Identity Theft Speaker, John Sileo, Scam
Businesses often make fraud training boring! And that’s bad for their bottom line, because no one ends up remembering anything about the subject.
Too often, fraud and social engineering workshops cover just the concepts that define fraud rather than the feelings that signal it’s happening. The key to training your executives, employees and even customers on fraud is to let them experience what it feels like to be conned. In other words, they need to actually be socially engineered (manipulated into giving away their own private information) several times throughout the training so that they begin to reflexively sense fraud as it is happening. Like learning to throw a ball, there is no substitute for doing it for yourself. Fraud detection is similar; it takes actually doing it (or having it done to you) to fully understand the warning signs. Anything less will leave your audience yawning and uneducated.
Posted in Fraud Detection & Prevention, Identity Theft Prevention by Identity Theft Speaker John Sileo.
Tags: Detection Fraud, Engineering Social, Expert, Fraud Detection, Fraud Speaker, Fraud Training, social engineering, Training Fraud
During your fraud training exercises, fostering an attitude of curiosity (or in the corporate world, a culture of curiosity) is the most powerful critical thinking skill in your arsenal of tools to protect sensitive information. Employees who can think critically and ask the right questions regarding data privacy make up the fabric that supports a Culture of Privacy. Interrogation is the art of questioning someone thoroughly and assertively to verify intentions, identities and facts.
Questions: Who’s in Control? Can I Verify? What are my Options? What are the Benefits?
When spies need information, they ask for it. They “socially engineer” or con their victims with a variety of tools.
The primary tool for evaluating risk once your reflexes have been triggered (Hogwash) is to interrogate the person or institution asking for your information. Interrogation is not meant to be about forceful or physical questioning. I define interrogation as clear, aggressive questioning used to establish whom you can trust, how far you can trust them, and with what information.
Posted in Fraud Detection & Prevention, Identity Theft Prevention by Identity Theft Speaker John Sileo.
Tags: Data Breach, Engineering Social, Fraud Training, John Sileo, Privacy Means Profit, social engineering, Training Fraud
