Welcome!

Agile Computing Authors: Liz McMillan, Elizabeth White, Pat Romanski, Reinhard Brandstädter, Jeev Trika

News Feed Item

ALLOW Exposes How Fraudsters Shop for Victims Online

ALLOW, the London-based information privacy company, has discovered the latest techniques that fraudsters use to scope out their targets using the internet and social media. ALLOW’s report is based on an in-depth interview with an offender carried out by Professor Martin Gill, an expert in criminology. It is the most up-to-date research available on ID fraud, revealing:

  • The sites that criminals use – 192.com, Facebook and LinkedIn
  • The personal information that they look for – names, addresses, phone numbers, email addresses and work histories
  • The common tricks of the trade – creating fake profiles, paying for information from 192.com, getting clues from photographs and hacking emails
  • The common mistakes that people make – accepting friend requests from people they don’t know, over-sharing, giving out sensitive information over the phone and not checking privacy settings

Justin Basini, ALLOW’s CEO said: “The results of our research are frightening. What we’ve discovered is that fraudsters use websites and social media to build detailed profiles of their intended targets, cross-referencing information from one site to another. They get most of what they want by virtue of the fact that most people give it away without thinking and then they fill in the gaps by either buying the data, hacking for it or tricking someone into revealing it. It should make anyone think twice about how they use social media and what personal information they give out. This is not pie in the sky, this type of crime is happening right now.”

Armed with this insider information, ALLOW set out to find just how many people might be at risk and discovered some alarming results:

  • Giving away personal data
    • 30% of people have revealed their email address – that represents 6.7 million facebook users in the UK
    • 34% have given out their date of birth (7.6 million facebook users) and 28% their location (6 million facebook users)
    • 10% have given out their mobile phone number (2.2 million people)
    • 26% have revealed where they work on social networks (there are 10.6 million LinkedIn users in the UK)
  • Connecting with strangers – 22% of people accept friend requests on Facebook from people they don’t know – that’s 7 million people in the UK
  • Photos – 62% of people have posted photos of themselves on Facebook and 12% have done the same on twitter
  • Privacy settings – One in four people (23%) have never checked their privacy settings on social media
  • Blame the social networks – One in three people (33%) think that social media companies don’t do enough to help people manage their privacy settings because it doesn’t suit their business model
  • Putting children at risk – 12% of people worry that their children are putting themselves in danger by giving away too much information online

ALLOW’s ‘Fraud 2.0’ report revealed a typical process that a criminal might go through, with the objective of impersonating someone in order to borrow money: firstly, the fraudster would look for the right kind of target, typically someone who freely gives away information online and doesn’t check their privacy settings. He would also look for someone who is reasonably wealthy, with a financial track record and a good credit rating. This is where LinkedIn helps fraudsters by displaying education and work history. Secondly, the fraudster would work through a list of people, chasing leads until one of them paid off. The idea is either to harvest enough information to impersonate an individual, or to trick either that individual or their friends into revealing personal data. Sometimes a fraudster will hack into emails in order to get further information.

Professor Martin Gill said: “Our in-depth interview with an offender was the sort of information that normally only a cell-mate would hear! The individual simply followed a process, building profiles and then if he got rumbled he just moved on to the next person. He found it shockingly easy to gather personal information online. He was fully aware of the damaging effects that ID fraud can have on victims, but to him it was just a means to an end. Don’t expect any sympathy from a fraudster if you over-share on social media.”

According to Stop ID Fraud, a quarter of the UK population have been victims of ID fraud, costing on average £1076 per individual. It takes on average 7 months to realise that you have been a victim of ID fraud and another 3-4 months to resolve the situation.

ALLOW recently launched ID fraud and social media insurance for ALLOW subscribers and covers them for events such as:

  • A claim made against them by a financial institute, merchant or collection agencies
  • The requirement to remove any criminal or civil judgments wrongly entered against them
  • The need to create documents to prove their innocence in respect of any financial irregularities unlawfully committed in their name

ENDS

Notes to editors:

Full report and figures available upon request. Qualitative research carried out by Perpetuity Research in October 2012. Quantitative research carried out by OnePoll in October 2012 amongst a sample of 2000 UK adults.

ALLOW (www.i-allow.com) was established by Justin Basini, a former Head of Marketing & Customer Initiative Management for Capital One in Europe. ALLOW is backed by Arts Alliance and is based in London and Chester. A full bio of the founder is on the website and photos are available on request.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
SYS-CON Events announced today that BMC Software has been named "Siver Sponsor" of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. BMC is a global leader in innovative software solutions that help businesses transform into digital enterprises for the ultimate competitive advantage. BMC Digital Enterprise Management is a set of innovative IT solutions designed to make digital business fast, seamless, and optimized from mainframe to mo...
Join us at Cloud Expo | @ThingsExpo 2016 – June 7-9 at the Javits Center in New York City and November 1-3 at the Santa Clara Convention Center in Santa Clara, CA – and deliver your unique message in a way that is striking and unforgettable by taking advantage of SYS-CON's unmatched high-impact, result-driven event / media packages.
18th Cloud Expo, taking place June 7-9, 2016, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterprises are using some...
SYS-CON Events announced today that Tintri Inc., a leading producer of VM-aware storage (VAS) for virtualization and cloud environments, will exhibit at the 18th International CloudExpo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, New York, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, will provide an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life ...
SYS-CON Events announced today that ContentMX, the marketing technology and services company with a singular mission to increase engagement and drive more conversations for enterprise, channel and SMB technology marketers, has been named “Sponsor & Exhibitor Lounge Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York City, New York. “CloudExpo is a great opportunity to start a conversation with new prospects, but what happens after the...
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York and Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty ...
What a difference a year makes. Organizations aren’t just talking about IoT possibilities, it is now baked into their core business strategy. With IoT, billions of devices generating data from different companies on different networks around the globe need to interact. From efficiency to better customer insights to completely new business models, IoT will turn traditional business models upside down. In the new customer-centric age, the key to success is delivering critical services and apps wit...
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discuss how businesses can gain an edge over competitors by empowering consumers to take control through IoT. We'll cite examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He'll also highlight how IoT can revitalize and restore outdated business models, making them profitable...
Designing IoT applications is complex, but deploying them in a scalable fashion is even more complex. A scalable, API first IaaS cloud is a good start, but in order to understand the various components specific to deploying IoT applications, one needs to understand the architecture of these applications and figure out how to scale these components independently. In his session at @ThingsExpo, Nara Rajagopalan is CEO of Accelerite, will discuss the fundamental architecture of IoT applications, ...
SoftLayer operates a global cloud infrastructure platform built for Internet scale. With a global footprint of data centers and network points of presence, SoftLayer provides infrastructure as a service to leading-edge customers ranging from Web startups to global enterprises. SoftLayer's modular architecture, full-featured API, and sophisticated automation provide unparalleled performance and control. Its flexible unified platform seamlessly spans physical and virtual devices linked via a world...
In his session at 18th Cloud Expo, Bruce Swann, Senior Product Marketing Manager at Adobe, will discuss how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects). Bruce Swann has more than 15 years of experience working with digital marketing disciplines like web analytics, social med...
SYS-CON Events announced today that EastBanc Technologies will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. EastBanc Technologies has been working at the frontier of technology since 1999. Today, the firm provides full-lifecycle software development delivering flexible technology solutions that seamlessly integrate with existing systems – whether on premise or cloud. EastBanc Technologies partners with p...
SYS-CON Events announced today that 24Notion has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. 24Notion is full-service global creative digital marketing, technology and lifestyle agency that combines strategic ideas with customized tactical execution. With a broad understand of the art of traditional marketing, new media, communications and social influence, 24Notion uniquely understands how to con...
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management...
Companies can harness IoT and predictive analytics to sustain business continuity; predict and manage site performance during emergencies; minimize expensive reactive maintenance; and forecast equipment and maintenance budgets and expenditures. Providing cost-effective, uninterrupted service is challenging, particularly for organizations with geographically dispersed operations.
The IoTs will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm and share the must-have mindsets for removing complexity from the development proc...
SYS-CON Events announced today Object Management Group® has been named “Media Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that Alert Logic, Inc., the leading provider of Security-as-a-Service solutions for the cloud, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Alert Logic, Inc., provides Security-as-a-Service for on-premises, cloud, and hybrid infrastructures, delivering deep security insight and continuous protection for customers at a lower cost than traditional security solutions. Ful...
SYS-CON Events announced today that MobiDev will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. MobiDev is a software company that develops and delivers turn-key mobile apps, websites, web services, and complex software systems for startups and enterprises. Since 2009 it has grown from a small group of passionate engineers and business managers to a full-scale mobile software company with over 200 develope...