Tuesday, November 18, 2008

How cheap is your life?

Pretty cheap, as it turns out. This is from an article in TechRepublic.com about the amazing sophistication and depth of computer crime. This part of the article talks about how they're getting so efficient that the price of the product is way down - the Wal-Mart of crime.

Given this level of sophistication, do we have any sense of the value of our information? I do, and it isn't hopeful. In fact, it doesn't make me wonder that there is a growing trend to market infrastructure to harvest this information. While it is precious to you and I, this report from FraudArena tells me how little my personal information is worth. I'll give you a high-level look, but check the site.
  • $1.50 credit card number, cvv2
  • $5-$50 stolen medical ID card
  • $6-$18 basic identity information
  • $6 British passport number and bank details
  • $7 hijacked PayPal account with credentials
  • $14-16 fulls" are a complete set of data identifiers, i.e. name, address social security number, bank account, and mothers maiden name
  • $30 Passwords and codes to access consumer credit reports
  • $30-$300 immigration papers with a social security card

Your personal identification is not terribly valuable (except to YOU) and can now be harvested by criminals with an infrastructure as sophisticated as the company you work for — and, in some cases, more sophisticated. This should be at least a wake up call for anyone with a laissez-faire attitude about their personal security.

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