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Latest coverage for Identity Theft

Identity theft occurs when stolen personal data is used to impersonate someone, access accounts, commit fraud, or bypass security controls.

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Identity theft is the unauthorized use of another person’s personal information or account credentials to impersonate them or obtain money, services, or access. Stolen names, government identifiers, payment details, passwords, and authentication tokens can support account takeover, fraudulent purchases, new-account applications, or synthetic identities assembled from real and fabricated data. Information may be obtained through phishing, infostealer malware, social engineering, SIM swapping, or exposed databases.

For security teams, the key concerns are limiting exposure of personal data and detecting misuse after credentials or identifiers are compromised. Useful controls include data minimization, strong access controls and encryption, phishing-resistant multifactor authentication, rapid password and session revocation, and monitoring for unusual logins, account changes, or applications. When theft is suspected, incident response should determine which identities and data were affected, contain active access, preserve evidence, and provide appropriate notifications or fraud-protection guidance. Privacy and breach-reporting obligations may apply depending on the data and jurisdiction.

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Krebs on Security 2 months, 3 weeks ago

‘Scattered Spider’ Member ‘Tylerb’ Pleads Guilty

A 24-year-old British national and senior member of the cybercrime group "Scattered Spider" has pleaded guilty to wire fraud conspiracy and aggravated identity theft. Tyler Robert Buchanan admitted his role in a series of text-message phishing attacks in the summer of 2022 that allowed the group to hack into at least a dozen major technology companies and steal tens of millions of dollars worth of cryptocurrency from investors.

Krebs on Security 1 year, 2 months ago

Alleged ‘Scattered Spider’ Member Extradited to U.S.

A 23-year-old Scottish man thought to be a member of the prolific Scattered Spider cybercrime group was extradited last week from Spain to the United States, where he is facing charges of wire fraud, conspiracy and identity theft. U.S. prosecutors allege Tyler Robert Buchanan and co-conspirators hacked into dozens of companies in the United States and abroad, and that he personally controlled more than $26 million stolen from victims.

On Jan. 9, 2024, U.S. authorities arrested a 19-year-old Florida man charged with wire fraud, aggravated identity theft, and conspiring with others to use SIM-swapping to steal cryptocurrency. Sources close to the investigation tell KrebsOnSecurity the accused was a key member of a criminal hacking group blamed for a string of cyber intrusions at major U.S. technology companies during the summer of 2022.

Krebs on Security 4 years, 3 months ago

RaidForums Gets Raided, Alleged Admin Arrested

The U.S. Department of Justice (DOJ) said today it seized the website and user database for RaidForums, an extremely popular English-language cybercrime forum that sold access to more than 10 billion consumer records stolen in some of the world's largest data breaches since 2015. The DOJ also charged the alleged administrator of RaidForums -- 21-year-old Diogo Santos Coelho, of Portugal -- with six criminal counts, including conspiracy, access device fraud and aggravated identity theft.