Hackers Increasingly Spoof Authentic Identities

By Karen A. Frenkel  |  Posted 12-15-2014 Email

Cyber-attacks will continue to grow as hackers collect, compile and share identity information to build profiles that are increasingly indistinguishable from authentic identities, a new report says. Using cloaking technologies, such as proxies and spoofed locations, these cyber-criminals mask their identities and whereabouts. The report is the first to analyze how frequently stolen and compromised identities are used to create cyber-crimes. It emphasizes attack trends particular to e-commerce, and forecasts more high-profile data breaches during this $600-billion holiday shopping season. "Cyber-crime Report: Q4 2014," examines cyber-attacks detected by ThreatMetrix Global Trust Intelligence Network in Q3. It sampled 1 billion transactions and summarized account creation, payment and login fraud across industries. Besides its holiday shopping season forecast, it includes another area of great concern: "the spike in the number of account takeovers we are seeing on real Websites," says Alisdair Faulkner, ThreatMetrix chief product officer, "ThreatMetrix data show an upswing in account takeover activity in the wake of recent massive data breaches, and most retailers will be caught unprepared."

Karen A. Frenkel writes about technology and innovation and lives in New York City.


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