Tagged With identity theft

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If you remember the privacy fiasco that Firesheep caused just months ago by allowing laptop-toting pranksters to hijack the Facebook accounts of unwitting public Wi-Fi users, then you'll know the sort of tom-foolery that's about to ensue now that FaceNiff exists. The app allows Android phones to sniff out and use Facebook accounts of other users on the same open wireless network with a single tap of the finger.

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According to the bi-annual Internet Security Threat Report from Symantec (.pdf), identity thieves aren't getting nearly as rich off of your stolen or "misplaced" data as they used to. As the AP reports, the sheer glut of personal information being pilfered these days, combined with a falling U.S. dollar and fierce competition among identity hawkers, has driven the prices for such stolen data down to "bargain-basement levels."

Researchers say that internet fraudsters are therefore doing what any self-respecting salesman would do: offering volume discounts. Currently, some stolen credit-card numbers are begin sold in batches of 500 for as low as US$200. That's 40 cents for each number, less than half the price observed during the first half of 2007, according to the report.

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Xeni of Boing Boing, Boing Boing TV and internet fame shows us that anyone—including the shady looking dude behind you in line—can hack an RFID-enabled credit card for just US$8 worth of equipment. All it takes is US$8 and a trip to eBay to get a reader, which you can then take and flail around to read in people's info. With their name, credit card number and expiration date, you can go online and get to shopping. Scary? Yes. But you can get around this hack if your wallet is made out of stainless steel or any similar material that won't jab you in the arse when you sit down.