CollectionMine

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admin2 On March - 9 - 2011

remote data storage

Researchers at Carnegie Mellon University have given a very good reason to believe that Americans posting what they believe is the most innocuous of information on their MySpace and Facebook accounts could lead to the highjacking of their social security numbers. 

Using information taken from social network accounts, the researchers were able to predict the first five digits on the first try almost half the time. 

The first three digits are based on where people lived when they obtained their social security card. The birthdate also figures into the equation. 

Canadian social insurance numbers are generated by a relatively simple algorithm, so Canadians shouldn’t be complacent either about what information they post for all to see. 

So why give the criminal element a leg up when it comes to stealing your identity? Lie about your birthdate and your age. Lie about where you were born and raised. 

And if you think nobody is looking you should be aware that personal data is a valuable commodity in the cyber criminal underground economy. Annually hundreds of billions of dollars are lost by companies all around the world due to identity theft.

According to Europol, criminals are trading credit card data for up to $30 per card, bank account information for up to $125, and even email account data is worth up to $12. Criminals are interested not only in details of credit cards and bank accounts but also addresses, phone numbers, social security numbers, full names and birth dates.

Cyber criminals certainly do not have to operate in the country of their origin. Globalization has been much to their benefit, as have social networks and the Internet. 

It is estimated that 1 out of every 10 Americans has already been a victim of ID theft in some way. Between 38% and 48% of victims find out within 3 months, but up to 18% don’t discover the theft until over 4 years later. Check out http://www.articlesbase.com/finance-articles/identity-theft-statistics-reasons-for-concern-1915866.html#ixzz1Awv8gbsm 
for more interesting statistics.

Keep your identity safe — be cautious about what you present to the world through your social network accounts. 

Keep your data safe too. Keep your valuable personal and financial information away from prying eyes such as hackers. Consider storing your private information using CollectionMine’s offsite data storage. A hacker can’t steal what he can’t find. Aside from hackers, your personal data would be safe from viruses, disasters and theft.

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