Five Ways Identities Are Stolen Online

Cybercrime has become a trillion dollar issue. In a recent survey, hundreds of companies around the world estimated that they had lost a combined $4.6 billion in intellectual property as a result of data breaches, and spent approximately $600 million repairing the damage. Based on these numbers, McAfee projects that companies lost more than a trillion dollars in the last year.

There are several motives for this type of theft, but the most prevalent is to steal identities. Your identity is your most valuable asset, but most consumers lack the time, knowledge, and resources to protect their identities. Five of the most common ways identities are stolen online are through phishing scams, P2P file sharing, social networking, malicious websites, and malicious attachments.

Phishing: Phishing scams still work. Despite consumer and employee awareness, a carefully crafted email that appears to have been sent by fellow employee or trusted entity is probably…

Read the full article at mcafee.com



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