An automated teller machine (ATM) or cash machine is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, funds transfers, balance inquiries or account information inquiries, at any time and without the need for direct interaction with bank staff.
Identity theft occurs when someone uses another person's personal identifying information, like their name, identifying number, or credit card number, without their permission, to commit fraud or other crimes. The term identity theft was coined in 1964. Since that time, the definition of identity theft has been statutorily defined throughout both the U.K. and the United States as the theft of personally identifiable information. Identity theft deliberately uses someone else's identity as a method to gain financial advantages or obtain credit and other benefits, and perhaps to cause other person's disadvantages or loss. The person whose identity has been stolen may suffer adverse consequences, especially if they are falsely held responsible for the perpetrator's actions. Personally identifiable information generally includes a person's name, date of birth, social security number, driver's license number, bank account or credit card numbers, PINs, electronic signatures, fingerprints, passwords, or any other information that can be used to access a person's financial resources.
Cybercrime is a crime that involves a computer and a network. The computer may have been used in the commission of a crime, or it may be the target. Cybercrime may harm someone's security and financial health.
Phishing is a type of social engineering where an attacker sends a fraudulent message designed to trick a human victim into revealing sensitive information to the attacker or to deploy malicious software on the victim's infrastructure like ransomware. Phishing attacks have become increasingly sophisticated and often transparently mirror the site being targeted, allowing the attacker to observe everything while the victim is navigating the site, and transverse any additional security boundaries with the victim. As of 2020, phishing is by far the most common attack performed by cybercriminals, with the FBI's Internet Crime Complaint Centre recording over twice as many incidents of phishing than any other type of computer crime.
Bank fraud is the use of potentially illegal means to obtain money, assets, or other property owned or held by a financial institution, or to obtain money from depositors by fraudulently posing as a bank or other financial institution. In many instances, bank fraud is a criminal offence. While the specific elements of particular banking fraud laws vary depending on jurisdictions, the term bank fraud applies to actions that employ a scheme or artifice, as opposed to bank robbery or theft. For this reason, bank fraud is sometimes considered a white-collar crime.
Equifax Inc. is an American multinational consumer credit reporting agency and is one of the three largest consumer credit reporting agencies, along with Experian and TransUnion. Equifax collects and aggregates information on over 800 million individual consumers and more than 88 million businesses worldwide. In addition to credit and demographic data and services to business, Equifax sells credit monitoring and fraud prevention services directly to consumers.
Kendra Todd is a real estate broker in Seattle, Washington. In 2005, she was the winner of season 3 of NBC's The Apprentice. She was the first female candidate, and the youngest, to be hired on the U.S. Apprentice.
The Fair and Accurate Credit Transactions Act of 2003 is a United States federal law, passed by the United States Congress on November 22, 2003, and signed by President George W. Bush on December 4, 2003, as an amendment to the Fair Credit Reporting Act. The act allows consumers to request and obtain a free credit report once every 12 months from each of the three nationwide consumer credit reporting companies. In cooperation with the Federal Trade Commission, the three major credit reporting agencies set up the web site AnnualCreditReport.com to provide free access to annual credit reports.
A money mule, sometimes called a "smurfer," is a person who transfers money acquired illegally in person, through a courier service, or electronically, on behalf of others. Typically, the mule is paid for services with a small part of the money transferred. Money mules are often dupes recruited on-line for what they think is legitimate employment, not aware that the money they are transferring is the product of crime. The money is transferred from the mule's account to the scam operator, typically in another country. Similar techniques are used to transfer illegal merchandise.
An identity score is a system for detecting identity theft. Identity scores are increasingly being adopted as a means to prevent fraud in business and as a tool to verify and correct public records.
LifeLock Inc. is an American identity theft protection company based in Tempe, Arizona. LifeLock's system monitors for identity theft, the use of personal information, and credit score changes.
Credit card fraud is an inclusive term for fraud committed using a payment card, such as a credit card or debit card. The purpose may be to obtain goods or services or to make payment to another account, which is controlled by a criminal. The Payment Card Industry Data Security Standard is the data security standard created to help financial institutions process card payments securely and reduce card fraud.
Richard Todd Davis, also known as Todd Davis, is the cofounder of LifeLock, an American identity theft protection company based in Tempe, Arizona, that became a subsidiary of Symantec in 2019.
Albert Gonzalez is an American computer hacker and computer criminal who is accused of masterminding the combined credit card theft and subsequent reselling of more than 170 million card and ATM numbers from 2005 to 2007: the biggest such fraud in history. Gonzalez and his accomplices used SQL injection to deploy backdoors on several corporate systems in order to launch packet sniffing attacks which allowed him to steal computer data from internal corporate networks. During his spree, he was said to have thrown himself a $75,000 birthday party and complained about having to count $340,000 by hand after his currency-counting machine broke. Gonzalez stayed at lavish hotels but his formal homes were modest.
Trusteer is a Boston-based computer security division of IBM, responsible for a suite of security software. Founded by Mickey Boodaei and Rakesh K. Loonkar, in Israel in 2006, Trusteer was acquired in September 2013 by IBM for $1 billion.
AllClear ID provides products and services that help protect people and their personal information from threats related to identity theft. AllClear ID is led by technology and customer service teams who advise companies on data breach response and support consumers who have become victims of identity theft.
Identity theft involves obtaining somebody else's identifying information and using it for a criminal purpose. Most often that purpose is to commit financial fraud, such as by obtaining loans or credits in the name of the person whose identity has been stolen. Stolen identifying information might also be used for other reasons, such as to obtain identification cards or for purposes of employment by somebody not legally authorized to work in the United States.
Oyindamola Johnson Emmanuel, popularly known as Dammy Krane, is a Nigerian singer, composer and performer. In January 2012, at age 20, he signed a record deal with Hypertek Digital and 960 Music Group. He is most famous for his single hit "My Dear". Dammy Krane is known for his melodic voice, engaging lyrics and his exciting genre of African alternative music. Dammy Krane has received several nominations, including the Next Rated nomination. He won Rookie of the Year at The Headies 2012.
Carding is a term describing the trafficking and unauthorized use of credit cards. The stolen credit cards or credit card numbers are then used to buy prepaid gift cards to cover up the tracks. Activities also encompass exploitation of personal data, and money laundering techniques. Modern carding sites have been described as full-service commercial entities.
Terry Cutler is a Canadian cyber security expert, self-described "cyologist" and teacher, often described as an "ethical hacker" for his long term work with cyber security and protection. Cutler is the founder, former CTO, and current CEO of Cyology Labs and the vice-president of cyber security at SIRCO. He is also the creator of "The Course On Internet Safety". Cyology Labs's focal point is cyber security and data safety. Prior to founding Cyology Labs in 2015, Cutler founded Digital Locksmiths, Inc. focusing on data security of cloud and mobile solutions. Cutler is an often cited source on Cyber security and has been featured on various televisions shows across Canada.
