BBC News: Is the digital double posing as you stealing your cash?

August 4, 2015 — Is the digital double posing as you stealing your cash?

NuData Security is featured as expert commentary in this BBC article, which draws from an interview with our Director of Customer Success, Ryan Wilk.

When we go online to tweet, post, like, email or chat we surrender small pieces of our identity as we do so – a surname here, a nickname there, the name of our favourite pet.

These tidbits of data seem harmless by themselves because they are spread thinly across many different places. It would be impossible to tie them together and turn them against you, wouldn’t it?

No. Not at all.

Cyber-thieves are getting very good at compiling all these pieces of you and adding to them to other stolen data to create a shadowy whole, a digital double or doppelganger; a phantom copy of you living in cyberspace.

They can then use these phantom identities to steal your cash, buy things, and apply for loans, mortgages and state benefits.

The fullz monty

These thieves and fraudsters have a growing appetite for what are known as “fullz”, says Ryan Wilk, a director at security firm NuData Security, which has studied how those pieces of personal data are bought and sold.

As the name implies, fullz are complete data profiles of potential victims.

“They take chunks of data about a person and see how it can better be substantiated so they can add more value to it,” he says.

To read the full article at BBC, click here.