Welcome!

Symbian Authors: Kevin Benedict, Matthew Lobas, Shelly Palmer, RealWire News Distribution

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
P2P RTC will impact the landscape of communications, shifting from traditional telephony style communications models to OTT (Over-The-Top) cloud assisted & PaaS (Platform as a Service) communication services. The P2P shift will impact many areas of our lives, from mobile communication, human interactive web services, RTC and telephony infrastructure, user federation, security and privacy implications, business costs, and scalability. In his session at Internet of @ThingsExpo, Robin Raymond, Chief Architect at Hookflash Inc., will walk through the shifting landscape of traditional telephone a...
BSQUARE is a global leader of embedded software solutions. We enable smart connected systems at the device level and beyond that millions use every day and provide actionable data solutions for the growing Internet of Things (IoT) market. We empower our world-class customers with our products, services and solutions to achieve innovation and success. For more information, visit www.bsquare.com.
Connected devices are changing the way we go about our everyday life, from wearables to driverless cars, to smart grids and entire industries revolutionizing business opportunities through smart objects, capable of two-way communication. But what happens when objects are given an IP-address, and we rely on that connection, sometimes with our lives? How do we secure those vast data infrastructures and safe-keep the privacy of sensitive information? This session will outline how each and every connected device can uphold a core root of trust via a unique cryptographic signature – a “bir...
SYS-CON Events announced today that Matrix.org has been named “Silver Sponsor” of Internet of @ThingsExpo, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Matrix is an ambitious new open standard for open, distributed, real-time communication over IP. It defines a new approach for interoperable Instant Messaging and VoIP based on pragmatic HTTP APIs and WebRTC, and provides open source reference implementations to showcase and bootstrap the new standard. Our focus is on simplicity, security, and supporting the fullest feature set.
From a software development perspective IoT is about programming "things," about connecting them with each other or integrating them with existing applications. In his session at @ThingsExpo, Yakov Fain, co-founder of Farata Systems and SuranceBay, will show you how small IoT-enabled devices from multiple manufacturers can be integrated into the workflow of an enterprise application. This is a practical demo of building a framework and components in HTML/Java/Mobile technologies to serve as a platform that can integrate new devices as they become available on the market.
SYS-CON Events announced today that Utimaco will exhibit at SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Utimaco is a leading manufacturer of hardware based security solutions that provide the root of trust to keep cryptographic keys safe, secure critical digital infrastructures and protect high value data assets. Only Utimaco delivers a general-purpose hardware security module (HSM) as a customizable platform to easily integrate into existing software solutions, embed business logic and build s...
How do APIs and IoT relate? The answer is not as simple as merely adding an API on top of a dumb device, but rather about understanding the architectural patterns for implementing an IoT fabric. There are typically two or three trends: Exposing the device to a management framework Exposing that management framework to a business centric logic • Exposing that business layer and data to end users. This last trend is the IoT stack, which involves a new shift in the separation of what stuff happens, where data lives and where the interface lies. For instance, it’s a mix of architectural style...
SYS-CON Events announced today that SOA Software, an API management leader, will exhibit at SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. SOA Software is a leading provider of API Management and SOA Governance products that equip business to deliver APIs and SOA together to drive their company to meet its business strategy quickly and effectively. SOA Software’s technology helps businesses to accelerate their digital channels with APIs, drive partner adoption, monetize their assets, and achieve a...
Almost everyone sees the potential of Internet of Things but how can businesses truly unlock that potential. The key will be in the ability to discover business insight in the midst of an ocean of Big Data generated from billions of embedded devices via Systems of Discover. Businesses will also need to ensure that they can sustain that insight by leveraging the cloud for global reach, scale and elasticity.
SYS-CON Events announced today that Red Hat, the world's leading provider of open source solutions, will exhibit at Internet of @ThingsExpo, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Red Hat is the world's leading provider of open source software solutions, using a community-powered approach to reliable and high-performing cloud, Linux, middleware, storage and virtualization technologies. Red Hat also offers award-winning support, training, and consulting services. As the connective hub in a global network of enterprises, partners, a...
Internet of @ThingsExpo Silicon Valley announced on Thursday its first 12 all-star speakers and sessions for its upcoming event, which will take place November 4-6, 2014, at the Santa Clara Convention Center in California. @ThingsExpo, the first and largest IoT event in the world, debuted at the Javits Center in New York City in June 10-12, 2014 with over 6,000 delegates attending the conference. Among the first 12 announced world class speakers, IBM will present two highly popular IoT sessions, which will take place November 4-6, 2014 at the Santa Clara Convention Center in Santa Clara, Calif...
WebRTC defines no default signaling protocol, causing fragmentation between WebRTC silos. SIP and XMPP provide possibilities, but come with considerable complexity and are not designed for use in a web environment. In his session at Internet of @ThingsExpo, Matthew Hodgson, technical co-founder of the Matrix.org, will discuss how Matrix is a new non-profit Open Source Project that defines both a new HTTP-based standard for VoIP & IM signaling and provides reference implementations.

SUNNYVALE, Calif., Oct. 20, 2014 /PRNewswire/ -- Spansion Inc. (NYSE: CODE), a global leader in embedded systems, today added 96 new products to the Spansion® FM4 Family of flexible microcontrollers (MCUs). Based on the ARM® Cortex®-M4F core, the new MCUs boast a 200 MHz operating frequency and support a diverse set of on-chip peripherals for enhanced human machine interfaces (HMIs) and machine-to-machine (M2M) communications. The rich set of periphera...

SYS-CON Events announced today that Aria Systems, the recurring revenue expert, has been named "Bronze Sponsor" of SYS-CON's 15th International Cloud Expo®, which will take place on November 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Aria Systems helps leading businesses connect their customers with the products and services they love. Industry leaders like Pitney Bowes, Experian, AAA NCNU, VMware, HootSuite and many others choose Aria to power their recurring revenue business and deliver exceptional experiences to their customers.
The Internet of Things (IoT) is going to require a new way of thinking and of developing software for speed, security and innovation. This requires IT leaders to balance business as usual while anticipating for the next market and technology trends. Cloud provides the right IT asset portfolio to help today’s IT leaders manage the old and prepare for the new. Today the cloud conversation is evolving from private and public to hybrid. This session will provide use cases and insights to reinforce the value of the network in helping organizations to maximize their company’s cloud experience.
The Internet of Things (IoT) is making everything it touches smarter – smart devices, smart cars and smart cities. And lucky us, we’re just beginning to reap the benefits as we work toward a networked society. However, this technology-driven innovation is impacting more than just individuals. The IoT has an environmental impact as well, which brings us to the theme of this month’s #IoTuesday Twitter chat. The ability to remove inefficiencies through connected objects is driving change throughout every sector, including waste management. BigBelly Solar, located just outside of Boston, is trans...
SYS-CON Events announced today that Matrix.org has been named “Silver Sponsor” of Internet of @ThingsExpo, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Matrix is an ambitious new open standard for open, distributed, real-time communication over IP. It defines a new approach for interoperable Instant Messaging and VoIP based on pragmatic HTTP APIs and WebRTC, and provides open source reference implementations to showcase and bootstrap the new standard. Our focus is on simplicity, security, and supporting the fullest feature set.
Predicted by Gartner to add $1.9 trillion to the global economy by 2020, the Internet of Everything (IoE) is based on the idea that devices, systems and services will connect in simple, transparent ways, enabling seamless interactions among devices across brands and sectors. As this vision unfolds, it is clear that no single company can accomplish the level of interoperability required to support the horizontal aspects of the IoE. The AllSeen Alliance, announced in December 2013, was formed with the goal to advance IoE adoption and innovation in the connected home, healthcare, education, aut...
SYS-CON Events announced today that Red Hat, the world's leading provider of open source solutions, will exhibit at Internet of @ThingsExpo, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Red Hat is the world's leading provider of open source software solutions, using a community-powered approach to reliable and high-performing cloud, Linux, middleware, storage and virtualization technologies. Red Hat also offers award-winning support, training, and consulting services. As the connective hub in a global network of enterprises, partners, a...
The only place to be June 9-11 is Cloud Expo & @ThingsExpo 2015 East at the Javits Center in New York City. Join us there as delegates from all over the world come to listen to and engage with speakers & sponsors from the leading Cloud Computing, IoT & Big Data companies. Cloud Expo & @ThingsExpo are the leading events covering the booming market of Cloud Computing, IoT & Big Data for the enterprise. Speakers from all over the world will be hand-picked for their ability to explore the economic strategies that utility/cloud computing provides. Whether public, private, or in a hybrid form, clo...