Picture an illicit online marketplace that provides access to over a hundred thousand leaked personal identification documents, allowing you to adopt any of these identities. You pick one, pay in XMR, and quickly receive verified credentials for the chosen identity. Now, you have the ability to launder millions through this new persona. Terrifying, isn't it?
It is definitely feasible. In fact, you can buy document copies in bulk, which costs ~10-45 USD for a single person's identity package, including a passport or ID, proof of address, and a selfie photo.
Examples:
The above leads us to the following questions:
1) how can I protect myself against identity theft?
2) how can I minimize damage if my identity has been stolen?
3) how can I protect my business against leaks of trade secrets through compliance officers whose cognitive abilities may be more suited for other types of tasks?
It is definitely feasible. In fact, you can buy document copies in bulk, which costs ~10-45 USD for a single person's identity package, including a passport or ID, proof of address, and a selfie photo.
Examples:
FCA admits revealing confidential details of 1,600 consumers
Data breach involved names, addresses and phone numbers of some complainantswww.theguardian.com10 Biggest Data Breaches in Finance | UpGuard
This regularly updated list analyzes the biggest data breaches in the financial services sector. Learn the key errors that lead to each breach event.www.upguard.com10 biggest financial data breaches of 2022
Hacks of banks, credit unions and insurance companies compromised the data of millions of consumers, who filed a flurry of class actions in response.www.americanbanker.comFines against banks for data breaches and noncompliance more than doubled in 2020
Crackdown against financial misdeeds during lockdown leads to worldwide enforcement actionsportswigger.net
The above leads us to the following questions:
1) how can I protect myself against identity theft?
2) how can I minimize damage if my identity has been stolen?
3) how can I protect my business against leaks of trade secrets through compliance officers whose cognitive abilities may be more suited for other types of tasks?