CSC101 FINAL PROJECT by Sally Fletcher & Nicole Seguin December 11th, 2003 Contents What is Internet Identity Theft? Technology How hackers obtains our information Why Internet ID theft is used? Recent Talk Social issues How to protect yourself Impact on Society Conclusion What is Internet Identity Theft??? Internet Identity Theft: Unauthorized persons wrongfully obtain and use another person's personal data. The victim does not know! Greed/desire drives identity theft. Instant, anonymous, and worldwide reach of the Internet allows identity thieves to thrive and hide more efficiently. FBI calls internet identity theft one of the fastest growing global crimes of fraud and deception! 500,000 to 700,000 Americans become internet identity theft victims each year. Technology Cookies Public database access Multiple users on same machine Viruses Software applications Email - password crackers - worms Keyboard loggers High speed internet Why is it Used??? New account creation Obtain credit Account takeover Email accounts/passwords Transfer money Apply for loans Social Security # usage Especially by college students Sell personal information Online purchasing/banking = ECONOMIC GAIN & PERSONAL SATISFACTION FOR THE CRIMINAL Recent USENET Newsgroup Talk of Internet Identity Theft..... NY times login and password disputes! How many people provide correct information? Creating bogus profile names. How does one keep track of which names were used for what? Someone posting highly offensive newsgroup articles using your Internet ID. Report complaint immediately to FTC! FTC Internet Identity Theft Complaint Form Social Issues Loss of reputation Loss of credit Major inconvenience Average cost to consumer whose identity is stolen= ~ $6,000+ ~12 months for a victim of identity theft to notice the crime Major trusting issues -may never establish feeling of privacy again! Long term affects! Victims basically need to start all over again. Some Interesting Stats….. Internet Identity Theft Reports Gender of Theives Referred by FTC 21% 60,000 48,252 50,000 male Reports 40,000 30,000 female 20,000 16,775 6,087 79% 10,000 0 2000 2001 2002 Years Internet identity theft is the top complaint filed to the FTC The FTC'S Top 10 Consumer Fraud Complaints Identity theft= not if but when!!! So protect yourself!!! Use only one credit card online! Check Merchant Privacy Policies Know who/why you are giving information online! Monitor credit history/reports/bank accounts Be aware of cookies on computer Change password regularly Cautiously receive/send email Be sure to log off after using computers Clear hard drive when selling/giving away computers Install computer virus programs/firewalls/spyguard Anti Spyware Software - Detects and eliminates Spy Software Impact on Society Identity is ones most prized possession No control over custody of your information! Banks have no legal responsibility of refunds Clearing up bad credit reports can cost $500-$1,000 Good cyber security is no longer just self-defense; it helps protect the welfare of us all in our highly connected world. Victims face nightmare of laborious paperwork, lost time, lost money, and stress! Conclusion Technology is advancing, but unfortunately, cyber-crime is advancing right along with it. Most of us do not know exactly how new technologies actually work= more vulnerability to high-tech thieves. ID theft protection has become a cold comfort. Its impact has caused many individuals, businesses, institutions, and organizations problems! Passing more protection bills and increasing the punishment for committing this crime is a continuous act in progress. This crime must be contained in the present and stopped in the future!!!! For More Information visit the S&N Inc. site on Internet Identity Theft….. All You Need to Know About Internet Identity Theft Thanks for your time!!