What do fraudsters do with your stolen information?

Most hackers want to capitalise on our everyday internet use.

 

Fraudsters are increasingly turning to online scams to gain as much user information as possible.

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Since the first U.K. Covid-19 lockdown, there has been a rise in fraudsters within every industry, but most notably the banking and food delivery sectors.

What do they hope to achieve?

As the world’s population increasingly uses the internet to purchase goods and manage its money online, we can assume that fraudsters are primarily after our credit and debit card information.

Not every hacker’s goal is the same but the most likely aims are to sell our information to the highest bidder, or maybe even ruin credit scores.

What would they do with my information?

There are many things that scammers can do once they have your information. They could change your login details for online accounts, or edit your mobile number so that you no longer receive verification codes or vital notifications. On other occasions, they may not even change anything.

A lot of fraudsters want to build a roster of information. Others will look to sell your information on the dark web. Most of their gains come from breaches in data, which happen all too often.

Data Breaches

In today’s digital age, the internet may as well be part of our DNA. Our body goes through viral and bacterial attacks, and the web also comes under different barrages. Data breaches can involve the theft of passwords, usernames and even the clues to your passwords, or other secret information you may have.

There are communities on Twitter and other social networks that report cyber attacks happening. Websites like this map by Kaspersky show cyber threats in real-time. It’s an eye-opener.

How to stay protected

Protect yourself in the easiest way possible. Learn how to create a secure password to protect your online accounts. Install a reliable and known antivirus scanner for your computer and mobile device.

Security for everyday users doesn’t need to be complicated. Just be mindful of what passwords you use, how many times you use it and what you use the password to protect. Always enable two-factor authentication when prompted, as this can make your account much more secure. 

Stay safe, stay protected, stay smart.

"Data protection has become a vital aspect of everyday life. Ensure that you're staying as safe as possible online."
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