Identity theft becoming a major concern and can happen to anyone

VARINDIA
ಪ್ರಕಟಿಸಲಾಗಿದೆ: Jun 28, 2023
18 ವೀಕ್ಷಣೆ

Identity theft becoming a major concern and can happen to anyone

Identity theft becoming a major concern and can happen to anyone

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    When it comes to data theft, it’s not just credit card numbers that are valuable. Hackers seek to gather information ranging from emails and passwords to social security numbers and bank details; anything that can potentially be used to steal an individual’s identity or create a new synthetic one.

    For instance, even an email address is a valuable piece of data. That’s right. An email address provides a criminal with an avenue to target an individual with phishing scams. With a single scam, they can attempt to manipulate the victim into handing over their personal information or logging into a fake e-commerce website.

    As per a report, nine times out of ten, customer data gets stolen from e-commerce providers due to sloppy data handling practices, such as employees sharing Personally Identifiable Information (PII) in tools like Slack or email and cloud-based spreadsheets or giving employees over-privileged access to customer data.

    It’s important to note that with more and more employees working in remote or hybrid environments, there’s much more room for sloppiness with data storage. In short, a lack of security training and awareness creates significant security risks to customer data.

    The reality is that as an online store, every piece of information you hold about your customers is valuable and could be used to steal their identity. Your ability to protect that information is fundamental to building customer trust.

    A recent report of Ivanti warned that the holiday season is rife with risks while shopping online. The more information you freely provide online, the more you put yourself at risk for identity theft. Each time you give out your email or phone number to websites to get that extra 10% off discount is another opportunity for that information to be stolen. That information often goes into a database, that when paired with your billing and shipping information, can be a great gift to an identity thief.

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    Increasing online Frauds

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