Your Identity Is Worth Less Than $15 178
I Don't Believe in Imaginary Property writes "One of the more interesting tidbits in Symantec's Global Internet Threat Report (PDF, 105 pages) is the price sheet, which suggests that someone's 'full identity' is worth in the range of $1-$15. Your email password goes for $4-$30 and your bank account might fetch $10-$1000. With those prices, I wonder how often they pay more for the bank account than is actually in it? There's also an executive summary (PDF, 36 pages)."
No way! (Score:5, Funny)
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These data are about what you saved in the past, and have in the present.
WRT entitlements at least, politicians are
If only the 10th Amendment still had any teeth.
Who cares? (Score:2)
Who cares? It is all imaginary property anyway. Even the article's submitter does not believe in it...
I want to sell mine (Score:2, Funny)
Re:I want to sell mine (Score:5, Funny)
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how do you find sellers? I want to sell my bank account info fro $1000.
1) Never
2) GFL
The price is directly related to how much money is in the account. Big accounts are $1000 (you can't just sell the money because it needs to be laundered and obfuscated- you need to have a trick to get the money out of the account, basically).
People who sell bank accounts aren't dumb- they've just dumbed down the process; and if
Cheap New Identity? Great! (Score:2)
But it doesn't end there. Chances are that some flagwaving dickhead fascist in 'Homeland Security' puts your name on a terrorist-do-not-fly list. It will stay there forever along with a million other
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Chances are that some flagwaving dickhead fascist in 'Homeland Security' puts your name on a terrorist-do-not-fly list. It will stay there forever along with a million other people who have absolutely nothing to do with terrorism. You can't ever get your name off the list.
Sounds scary and all, but I don't see it happening, nor do the people who post this stuff ever cite real examples of it happening. My Father-in-Law has a very common name, that also happens to be on some TSA watch list. He gets questioned for about an extra five seconds compared to everyone else.
Apu overpaid (Score:2)
-- Apu Nahassapeemapetilan, "Much Apu About Nothing"
British ID card system (Score:5, Funny)
So when the British government introduce their fantastic, shiney, new, biometric, uhackable ID card system, can we get them to buy our ID off us?
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And that got me thinking further, if they're needed for medical care, what happens to people who do cut their fingers?
Hmmm.
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http://www.fujitsu.com/global/casestudies/WWW2_casestudy_BTM.html [fujitsu.com]
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But then, that just my opinion. What ever floats your boat.
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-- PS. Don't forget to check out the new season of the Sarah Connor Chronicles th
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Who would trust Symantec (Score:5, Insightful)
Re:Who would trust Symantec (Score:5, Funny)
Re:Who would trust Symantec (Score:5, Funny)
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Re:Who would trust Symantec (Score:5, Informative)
from http://en.wikipedia.org/wiki/Norton_Utilities [wikipedia.org]
"The Norton Utilities releases were collections of software utilities. Peter Norton published the first version for DOS, The Norton Utilities, Release 1, ca 1981. Release 2 came out several years later, subsequent to the first hard drives for the IBM PC line. Peter Norton's company was sold to Symantec in 1990. However his name remains as a "brand" for Symantec's range of utility and security software for home users."
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Simple business model (Score:5, Insightful)
Whenever I encounter a computer with Symantec software installed, I uninstall it before doing anything else. My experience with Symantec is that the company's software is VERY buggy.
"Furthermore, there is a pretty obvious marketing angle to all of this."
Having insecurity is profitable for Microsoft, anti-malware software companies, and weapons investors like Cheney and Bush. It's a simple business model:
1) Do evil.
2) Profit!
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Live Updater, AV, FW and all the other bits seem to have their own dependency hell that won't let you uninstall in any order, and when you do finally get out the Knoppix CD and registry editor you're left with a system that looks like it has just had the worst virus of them all run rampant through it.
I long ago started recommending a reinstall if someone had Norton slowing their computer down.
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Any Linux distro install disk???
Oh, sorry. I guess you meant to have, to such an extent as is possible, a working copy of Windows after you're finished.
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I suppose there is some grain of truth to this but it's a bit extreme to go that far. Symantec does have competitors and those competitors would have taken over if Symantec was really that bad. There are commercial offerings like MacAfee and Sophos (for institutional use) and there is at least one open source offering - ClamAV. I recently participated in a review of antivirus software at my employ
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The majority of Symantecs software and revenue
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You're kidding, right? (Score:5, Funny)
How much do you assume the average person has in their bank accounts? I realize that living at home with your parents and not having to pay for rent, utilities, food, and clothes may allow you to skate by with a very low monthly balance, but the vast majority of people who work for a living have to have the cash on hand (in their checking account, anyway) to pay for all these necessities.
But I don't suppose someone whose name is "I don't believe in imaginary property" would have a very solid grasp of the real world.
Re:You're kidding, right? (Score:4, Interesting)
But as someone else mentioned, they probably want them for laundering rather than emptying.
Re:You're kidding, right? (Score:5, Insightful)
Quite a few people have bank balances that hover between the grand total of their most recent paycheck and $0. Or don't they count?
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I then moved up to merchant teller and saw that businesses weren't really that much better. People will usually brag about how much money they have, but what you really need to get out of them is the last 3 month average or the account average, and then you'll get to the meat of the problem.
Most people have very little, i would say $500 average is HIGH.
But if y
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How much money do you have in your (checking+savings) bank accounts?
1. 12 paychecks
Re:You're kidding, right? (Score:5, Interesting)
How much money do you have in your (checking+savings) bank accounts?
1. Less than 1 paychecks
2. 1-2 paychecks
3. 3-5 paychecks
4. 6-12 paychecks
5. more than 12 paychecks
6. I'm an edge case, you insensitive clod.
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Why would you? (Score:2)
Any emergency savings you have should be held in money market accounts or short / medium term GICs.
Smart people let their money work for them.
I have an OK job, few debits, and no kids - and I *NEVER* have more than $100 cash in my bank account at any time. I pay for everything with credit card to accumulate points and/or cash back, and pay it in full every month, and the surplus goes into retirement funds and money market a
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My extra money goes into a 4% savings account. I can get it any time with 24 hours notice. Yeah, yeah, I can get 10% on the stock market. Sounds great, until it crashes - again or you get caught in a bad trade.
I tend to keep about a thousand in my chequing account. (Which works out to
Re:Why would you? (Score:5, Informative)
You can have sweep accounts set up to automatically move money back-and-forth to maintain a reasonable balance in your checking, so that you always have enough to pay bills. Of course a money market (or similar) will get a better return than a bank account, but won't perform as well as longer-term investments (e.g. GIC), so funds not needed on a short-term basis should still be invested elsewhere.
As the grandparent post said, however, keeping substantial sums in a standard bank account amounts to wasting money.
Re:You're kidding, right? (Score:4, Informative)
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Point being that the sample is likely misrepresentative.
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Best regards,
UTW
Re:You're kidding, right? (Score:5, Insightful)
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And second, it's probably a lot less risky to sell information about a bank account -- even to obtain such information -- than to actually clean the money out. We can do all sorts of tricks on the Internet to make ourselves hard to trace, and with a sufficiently large, sufficiently decentralized botnet, it could pretty much be impossible. But
Hand to mouth living (Score:2)
The current state of the economy has many people living paycheck to paycheck.
Sorry, but I'm going to have to disagree with you on the crux of your argument. Yes, a lot of people are living pay cheque to pay cheque, but that's because in most cases they're attempting to live beyond their means and they're ignorant of the state of their own financial affairs.
I've spoken with hundreds of people in financial crisis and the number of people who understand how to save and/or understand how their credit score is calculated and how their actions affect it is appallingly low.
For what i
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True. That piece of paper belongs to the wider world of complex values.
Where did the data come from? (Score:4, Interesting)
I'm curious as to where this data came from. Is it public record from court cases? Or does Symantec know more than the cops?
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what this really speaks for (Score:2)
The reality is probably placing greater value on the actual identity and the money that can be scammed from it, it's just that there are so many identity thieves out there and it's so easy to do, that the
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Full identities: Full identities may consist of name, address, date of birth, phone number, and Social Security number. It may also include extras such as driverâ(TM)s license number, motherâ(TM)s maiden name,email address, or âoesecretâ questions/answers.
i.e. The kind of information a lot of people freely give away all the time that's why it's worth so little
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They went round and round for well over an hour. (this was a local store's card) Finally they determined that she was correct and they could not demand her ssn. So they had to dig into their books and call t
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I have no idea how that process works now, that's been about 15 yrs ago, but I assume the same laws are still in place, but I'd wonder in cases like that if you refuse to give your ssn, if they can just refuse to do business with you, or if they are legally required to offer an alternative to turning over your ssn?
Are there more than just those three now? I thought for awhile your ssn was also on your driver's license, tho mine is not now.
They are never obligated to do business with you, although utilities may have different rules.
Work from Home... (Score:4, Funny)
2. Sell them
3. Profit
(It'd be funnier if it didn't sound so plausible)
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Could be fraud against those wanting to steal from it... but IANAL.
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honeypot identities (Score:5, Interesting)
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Empty, neglected bank accounts are worth a lot (Score:3, Insightful)
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But, the bank is also more likely to flag it for suspicious activity simply because it has been sitting empty and idle and now is suddenly doing all sorts of things.
I just bought a new camera on-line a few weeks ago. To the best of my credit card issuer's knowledge, I've not really made a habit of buying things on-line (which I haven't), let alone spendy cameras.
Pretty accurate... (Score:5, Funny)
(checks bank balance...)
Yeah, that's about right...*sigh*...
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IE vs. Firefox statistics (Score:5, Interesting)
I think we have a clear winner here...
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My identitiy is priceless (Score:3, Insightful)
My bank account, however, is another matter; nothing gained nothing lost
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Some people's identities are worth more... (Score:3, Insightful)
Othello, 2008 (Score:5, Funny)
Who steals my purse, steals trash; 'tis something,
nothing;
'Twas mine, 'tis his, and has been slave to
thousands:
But he that filches from me my good name
Robs me of about 15 bucks.
I smell profit ! (Score:5, Interesting)
2. Sell account information.
3. Close bank account.
Repeat.
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cash a lot of dodgey cheques/ use for money laundering/ donate to republicans
withdraw money
profit
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4. Receive calls from police re: fraudulent activity linked to your bank accounts.
5. Receive visit from FBI re: money laundering in your bank accounts.
6. Receive audit from SEC re: stock purchases linked your accounts in a stock-pumping scam.
7. Receive long sentence from federal judge.
8. Receive anniversary gift from your prison boyfriend Bubba.
Repeat.
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Bank Account? (Score:2)
What'd be the source for the price list? (Score:2)
Are those guys into this market?
Why buy bamk account information.... (Score:4, Informative)
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Bank accounts provide bandwidth, not cash. (Score:5, Informative)
It's not just the funds the fraudsters are after... They are after 3 things:
1) Once you have a bank account, you capacity in the laundering pipeline. With the $10,000 detection threshholds, and the other AML (anti-money laundering) requirements, it takes a lot more bank Xfers to multiple parallel accounts to move money between the point of fraud, to the point of safe harbor. ACH-IN.... ACH-OUT. These are often 'mule' accounts to allow a network of smaller transfers that allow a larger aggregate money movement. Since I have 30-90 days before you notice all these $1-9000 xfers going in and out of your account... I need to constantly get new bank accounts to keep my laundering pipeline at full 'bandwidth.' If I'm lucky, I can pull a change of (email) address on you, so I can completely control the account for a small period of time (NOTE: address change just got 'red flagged' by the US FACT act of 2003... so in addition to Patriot Act reviews at account opening... address changes will (mandatory by all financial institutions by Nov 2008) be audited by regulators to verify the organization did due diligence to check for fraudulent activity).
2) Having a Bank Account makes opening a PayPal, a credit card, a stock trading or another bank account all the easier. All of these are much more lucrative, and they can leverage funds (margin, credit) , and if I open them, there is much less chance of detection by you (since I completely control the contact information). This is classic identity theft ("Officer, I don't have a bank account in the Outer Antilles!")
3) if we get lucky, you got cash... which we'll use in a leverage scam (open a stock account, and seed a pumpNdump).
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$1-$15 for a full identity? (Score:2)
At those prices maybe I can finally afford to upgrade mine!
Usage? (Score:2)
This is great news, where do I sign up? (Score:4, Interesting)
If you know someone (hell, anyone) who pays this kinda ca$h, please let me know. With my own domain I can create email addresses indefintely, and at $30 each it's literally printing money.
Now, of course if the reality was that spammers pay a tiny fraction of a cent per address then it's less worth my while (but could still be worth knocking together a script for).
Which option strikes you as most likely? Yes, thought so.
In similar news, my password is worth money too? Really? My password is "chocolate" - that'll be another couple of $$ please (feel free to sell it on yourself, too).
Now, I'll just sit back and wait for all the SPAM^H^H^H^Hmoney to start rolling in. Hmmmm, I think I just burned out my irony circuits.
short thinking (Score:2)
your bank account might fetch $10-$1000. With those prices, I wonder how often they pay more for the bank account than is actually in it?
You assume the sole purpose is to empty the bank account. It most probably isn't. There are more interesting scams that you can play with a bank account that's not traceable to you, that are worth more than the contents of most accounts. Even if it's "just" stealing the money in the account, you assume it's all done in a hit-and-run manner. Why assume that? Would you notice if, say, $20 were taken from your account every month? If someone spends 5 minutes looking at your typical account movements, he shoul
Credit Freeze (Score:2, Interesting)
It cost $10 for each credit reporting agency and well worth it. Unlike LifeLock which only puts a fraud alert on your credit reports every 90 days (you could do this yourself for free), a freeze is exactly that. No accounts can be opened without a pin number given to you by the one of the 3 Bs. Each agency is different, some require 3 days to thaw your report, while others allow you to specify w
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Mostly because users won't put up with it. They'd much rather be comforted by everything their bank is doing (or claims to be doing) to protect them from identity theft, and by the fact that the bank assumes responsibility for fraud.
That, and there are easier ways to do this -- those RSA random-number-generator keys, for one, which generate a predictable number every 30 seconds -- you enter that number, and if it matches what the server generates, you're
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1. Add a photo to your credit report.
2. Add a phone number that is always called when your credit report is accessed. "Hello. This is equifax. Please call 1-800-eqi-faxx to confirm your application for a mortgage."
3. Replace the magnetic bank cards with proximity cards that have a random number generator built into them. You have to enter your RN and your PIN into the machine to buy something / use the ATM.
4. Have the