Identity theft

By: Artem Rogozhkin, David Ciss, Itay Fainer, and

Ryan Levy

Table of Contents
Page number

Medical
Identity Theft

Page
number

Account
Takeover
Fraud

Page
number

New
Account
Fraud

Page
number

Criminal
Identity
Theft

10

Definition and
Reasoning
behind it.

Account
fraud
definition
and
opinion.

What it is.

12

Definition
And how it
happens .

11

Prevention.

Account
fraud
penalties.

Restrictions

13

How to
prevent it

12

Statistics.

Current
story.

Restrictions

14

My
opinions

What is Account Takeover Fraud? What do i think about it.

Account Fraud.

Fraudster gains control over the account.

Take over all personal information.
Make unauthorized transactions.
Nobodies account is safe.
Banks change passwords every few minutes.

My opinion about account fraud.

Shortcut for people who dont work to make

their money.
Frauds happen from people who used to or
still work at the company.
Loss of information.
Account can be Facebook information or bank
account.

Account Fraud penalties

Fines.

Restitution.

If the identity theft results in a victim losing money or

suffering financial harm
Restitution is designed to compensate the victim for his or her loss,
while fines are designed to penalize the perpetrator.
Restitution awards vary, depending on the circumstances of each
case.

Its common for courts to order someone

convicted of identity theft pay a fine.
Misdemeanor fines can sometimes
reach in excess of $1,000.
Felony fines can easily exceed $5,000.

Incarceration.
Probation.

For first-time offenders of identity theft crimes that do not result in significant
harm.
Court might impose a probation sentence in addition to, or separate from,
other penalties.
Probation usually lasts at least a year, but sentences of three or more years are
also common.
People on probation have to comply with specific court imposed restrictions,
such as reporting to a probation officer, paying all restitution and fines, and
not committing other crimes.

A conviction for an identity theft crime can

result in a
significant incarceration sentence.
Conviction for misdemeanor offense can lead
to up to a year in jail.

Current News story

A Bahamas-based hacker was busted for trying to sell scripts, personal information, and sexually explicit pictures and
videos of celebrities that he stole from his famous victims personal email accounts.

Alonzo Knowles, 23, of Freeport, Bahama was arrested in Manhattan. Also known as Jeff Moxey

Attempts to sell victims information to the highest bidder.

He also offered to sell the agent a very popular A-list celebrity ssn along with 30 unreleased tracks towards their

upcoming album.

Knowles gained access to his victims emails by sending a virus to their computer or by emailing a false notification
stating that their email account had been hacked, and asking for passcodes.

The alleged cyber breach was reminiscent of the 2014 Apple iCloud hack in which hundreds of private pictures of
celebrities were stolen.

Hacker offered to hand over approximately 15 movie and television scripts and Social Security Numbers of three
professional athletes and a movie actress in exchange for $80,000.

Knowles was charged with one count of felony criminal copyright infringement and one count of identity theft, and was
expected to appear in Federal court .

New Account Fraud

- Occurs within first 90 days
- Accounts can be opened just to
commit fraud
- Often opened to use in the future

Restrictions
- Companies should be looking closer at bank records and
files to try to detect fraud.
- The Government Must crack down on new account fraud to
protect people's data and find ways for our data to be
safe
- These Ways should be similar to those put in place with
PCI AND DSS (The Payment Card Industry Data Security
Standard

My Opinion
-

New Account Fraud Is hard to track

Must monitor your new account
Organizations are most at risk
Law enforcement should monitor black market sales for new
account fraud
- There should be more restrictions put in place against
new account fraud.

Medical identity theft

What is Medical Identity Theft?

- Medical Identity Theft (MIT) is when the

Identity Thief steals your medical
information
- The thieves do this because
- This can lead to...

MIT- How to prevent it

How do you know that you are a victim of this form of
identity theft?

- The first more simple way is

- The second is...

MIT - Statistics
These are the most profound statistics on Medical Identity
Theft:
-

21.7%
65%
30%
19%
2 000 000
10%

Itay- Criminal Identity theft

What is Criminal identity theft?
-

Criminal identity theft occurs when a person steals another person's

identity and commits a crime under that stolen identity.

Criminal identity theft can lead to an innocent person being fined for a
traffic violation, having a criminal record or even having a warrant out
for their arrest while the real criminal gets off for free or with reduced
consequences than normal without law enforcements ever knowing.

Criminal- How to prevent criminal identity theft

-

Be wary of people asking for your personal information, especially people

who shouldn't need such information or people you dont know.

Remove any important documents you have on you that can be removed and put
them somewhere secure.

Never write personal identification numbers on paper.

Shred personal documents before putting them in the garbage.

Notify the post office, bank and all other companies with your private
information if you are moving away.

Criminal- My Opinions
-

In my opinion criminal identity theft is a serious problem that can let a

criminal walk free while making the victim face serious consequences for
something he has never done.

Our entire life we try to not break any laws (usually).

I believe we should be more protected from criminal identity theft, this

could be done by double checking personal information and requesting
additional prove of your identity.

The video!
Enjoy the video!

Identity Theft PSA - No More!

LINKS
http://businessidtheft.org/Education/BusinessIDTheftScams/CyberCrime/tabid/107/Default.aspx
www.americanbanker.com (first Picture)
http://www.cnbc.com/2016/02/02/how-fraudsters-are-getting-around-chip-n-pin-cards.html

(New Account Fraud News Article)

http://www.infosecurity-magazine.com/news/new-account-fraud-almost-doubles/

(New Account Fraud News Article)

http://www.iii.org/fact-statistic/identity-theft-and-cybercrime (criminal identity theft)

http://www.rcmp-grc.gc.ca/scams-fraudes/id-theft-vol-eng.htm (criminal identity theft)
https://www.consumer.ftc.gov/articles/0171-medical-identity-theft
https://securityintelligence.com/the-growing-problem-of-medical-identity-theft/
http://medidfraud.org/wp-content/uploads/2015/02/2014_Medical_ID_Theft_Study1.pdf