ID theft

The number of identity theft victims in 2010 dropped 28 percent, yet individuals lost more on average than ever before, suggesting that attackers’ techniques are getting more sophisticated.

The Senate Subcommittee on Consumer Protection, Product Safety, and Insurance heard testimony on from several witnesses yesterday regarding the proposed national data breach legislation, including Maneesha Mithal of the Federal Trade Commission (FTC) and Mark Bregman, CTO of Symantec. Read the full article. [Infosecurity]

Fifty-three individuals were charged today in connection with
widespread, sophisticated identity theft and fraud, including 43
individuals charged with participating in one large-scale criminal
enterprise, United States Attorney Paul J. Fishman and FBI Special Agent
in Charge Michael B. Ward announced. Read the full statement. [FBI Newark]

Reports are coming in that the Information Commissioner’s Office has
started investigating FIFA, the world football governing body, over
allegations that details of thousands of World Cup fans’ – including
their passport data – were accessed by one or more members of staff and
then sold on the black market. Read the full article. [Help Net Security]

A password of less than seven characters will soon be “hopelessly
inadequate” even if it contains symbols as well as alphanumerical
characters, according to computer scientists at the Georgia Tech
Research Institute. Read the full article. [The Register]

Just days after Colorado officials warned businesses about scammers who are forging corporate identities to commit financial fraud, an official in Georgia said the same has been happening in that state as well. Read the full article. [Computerworld]

A well-known cryptographic attack could be used by hackers to log into
Web applications used by millions of users, according to two security
experts who plan to discuss the issue at Black Hat. Read the full article. [Computerworld]

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