{"id":7279,"date":"2024-12-17T08:03:03","date_gmt":"2024-12-17T08:03:03","guid":{"rendered":"https:\/\/cloudkul.com\/blog\/?p=7279"},"modified":"2024-12-18T08:17:25","modified_gmt":"2024-12-18T08:17:25","slug":"identity-theft-analysing-risk-and-safeguards","status":"publish","type":"post","link":"https:\/\/cloudkul.com\/blog\/identity-theft-analysing-risk-and-safeguards\/","title":{"rendered":"Identity Theft: Analysing risk and safeguards"},"content":{"rendered":"\n<p>With an increasing number of users on the internet and increasing online transactions, personal information is flowing throughout the world at a speed that could not have been imagined before. <\/p>\n\n\n\n<p>However, such benefits come with challenges. With the advent of the internet, computer crimes have increased. Identity theft is one of them. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What is Identity theft?<\/h2>\n\n\n\n<p>Identity theft occurs when someone unlawfully uses another person&#8217;s personal information for criminal purposes, like mail redirecting or opening bank accounts.<\/p>\n\n\n\n<p>This is a crime where criminals steal <a href=\"https:\/\/cloudkul.com\/blog\/data-encryption-at-rest-and-in-transit-protect-your-data\/\">sensitive data<\/a> through methods like social engineering, <a href=\"https:\/\/cloudkul.com\/blog\/email-security\/\">email spamming<\/a>, and dumpster diving, using it for fraud and other illegal activities.<\/p>\n\n\n\n<p>Identity theft is one of the leading problems in the world and cyberspace. <\/p>\n\n\n\n<p>According to the U.S. Federal Trade Commission, approx 9 million Americans have stolen their identity each year and in India, identity theft has become the fastest-growing crime.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Type of information collected by fraudsters<\/h2>\n\n\n\n<p>Fraudsters steal the personal and financial information of a person to obtain goods and services. <\/p>\n\n\n\n<p>They steal personal information like name, gender, email, medical details, credit card numbers, passport info, and more.<\/p>\n\n\n\n<p>The figure shows the most common type of information collected by thieves.      <\/p>\n\n\n<div class=\"wp-block-image is-resized\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"576\" height=\"336\" src=\"https:\/\/cloudkul.com\/blog\/wp-content\/uploads\/2020\/04\/image-1.png\" alt=\"thiefs\" class=\"wp-image-7301\"\/><figcaption class=\"wp-element-caption\">                                                            <\/figcaption><\/figure><\/div>\n\n\n<p>Once fraudsters have your personal information, they can get medical treatment on your health insurance, create a social media account, and open a bank account. <\/p>\n\n\n\n<p>Many fraudsters sell this information on the dark web or can use it for other criminal activities so that they can hide their identity and no one can trace them. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Methods used by identity thieves<\/h2>\n\n\n\n<ul>\n<li>Social Engineering (<a href=\"https:\/\/cloudkul.com\/blog\/phishing-cyber-attack\/\">Phishing<\/a>, Vishing, Smishing)<\/li>\n\n\n\n<li>Dumpster Diving<\/li>\n\n\n\n<li>Hacking (<a href=\"https:\/\/cloudkul.com\/blog\/magento-2-sql-injection-how-to-secure-your-store-against-sql-injection\/\">SQL Injection<\/a>, MITM, <a href=\"https:\/\/cloudkul.com\/blog\/impact-of-zero-day-attacks-on-a-companys-productivity\/\">Zero-Day Attacks<\/a>)<\/li>\n\n\n\n<li>Skimming<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Safeguards <\/h2>\n\n\n\n<ul>\n<li>Check your bank and credit card statements frequently.<\/li>\n\n\n\n<li>Do not provide information over the phone to unknown malicious actors.<\/li>\n\n\n\n<li>Don&#8217;t click on an email or pop-up link asking for personal or financial information.<\/li>\n\n\n\n<li>Always use long and strong passwords.<\/li>\n\n\n\n<li>Avoid using the same password for multiple websites.<\/li>\n\n\n\n<li>Turn on the phishing detector on your computer\/browser.<\/li>\n\n\n\n<li>Never display financial or personal information on social media.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Conclusion<\/h2>\n\n\n\n<p>Identity theft can be costly, both financially and emotionally. <\/p>\n\n\n\n<p>However, by understanding the ways of criminals and taking measures to stop people from getting hold of your personal information, we can reduce the risks of being the victim of identity theft. <\/p>\n\n\n\n<p>It is difficult for authorities to detect attackers who are committing these frauds because they are daily inventing new ways to penetrate. <\/p>\n\n\n\n<p>The implementation of stronger security measures on devices through which information is being transferred is a must.  Always give priority to information and keep it safe from bad actors. <\/p>\n\n\n\n<p>Looking for a security audit service to identify vulnerabilities like cross-site scripting and misconfigurations? Check out <a href=\"https:\/\/store.webkul.com\/Ecommerce-Security-Audit-Basic-Plan.html\">Webkul&#8217;s basic security module<\/a> for your e-commerce store.<\/p>\n\n\n\n<p> Check out this <a href=\"https:\/\/store.webkul.com\/magento2-security-extension.html\">Magento 2 security extension<\/a> which can also be customized.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Need Support?<\/h2>\n\n\n\n<p>Thank You for reading this Blog!<\/p>\n\n\n\n<p>For further more interesting blogs, keep in touch with us. If you need any kind of support, simply raise a ticket at&nbsp;<strong><a href=\"https:\/\/webkul.uvdesk.com\/en\/\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/webkul.uvdesk.com\/en\/<\/a>.<\/strong><\/p>\n\n\n\n<p>You may also visit our Odoo development services and quality\u00a0<strong><a href=\"https:\/\/store.webkul.com\/Odoo.html\">Odoo Extensions<\/a><\/strong>.<\/p>\n\n\n\n<p><strong>For further help or queries, please&nbsp;<a href=\"https:\/\/cloudkul.com\/contact\/\">contact<\/a>&nbsp;us or raise a&nbsp;<a href=\"https:\/\/webkul.uvdesk.com\/en\/customer\/create-ticket\/\">ticket<\/a>.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>With an increasing number of users on the internet and increasing online transactions, personal information <a class=\"text-primary\" title=\"read more\" href=\"https:\/\/cloudkul.com\/blog\/identity-theft-analysing-risk-and-safeguards\/\">[&#8230;]<\/a><\/p>\n","protected":false},"author":35,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[340],"tags":[380,231,379],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - 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