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Tag: theft

Student charged in elaborate digital money theft scheme

Student charged in elaborate digital money theft scheme

Technology
A Massachusetts college student who was named his high school's valedictorian for his savvy tech skills hacked into unsuspecting investors' personal cellphones, email and social media accounts to steal at least $ 2 million in digital currency like Bitcoin, according to documents provided by California prosecutors Wednesday. Joel Ortiz was taken into custody July 12 at Los Angeles International Airport ahead of a flight to Boston, according to prosecutors. The 20-year-old faces more than two dozen charges including grand theft, identity theft and computer hacking, court documents show. He's held on $ 1 million bail. The Santa Clara County, California, public defender's office, which is representing Ortiz, declined comment. A number listed for his home in Boston was disconnected. The elabo...
How this Grand Theft Auto stream is highlighting US gun crime

How this Grand Theft Auto stream is highlighting US gun crime

Technology
We hear a lot about how video games are to blame for violence, but how about a video game project that highlights violent gun crime in American society?That's what Professor Joseph DeLappe is trying to achieve with his Grand Theft Auto livestream, Elegy.Elegy is a "hacked" version of Grand Theft Auto 5 which you can find on games streaming platform, Twitch.In it, non-playable characters (NPCs) do nothing but shoot each other dead.But there's more to the action on screen than senseless violence. The stream is connected to American gun crime deaths from 2018. Every NPC killed in the stream represents one US citizen who has died this year in a shooting incident.The stream resets at midnight and the ...
This 'old-fashioned' identity theft is just as dangerous as the cyber kind

This 'old-fashioned' identity theft is just as dangerous as the cyber kind

Finance
Hackers aren't your only risk when it comes to identity theft and fraud. Data breaches and hacks like those at Equifax, the IRS and Yahoo! tend to dominate the conversation — and no wonder. Breaches hit a record high in 2017, with 1,579 reported incidents exposing nearly 179 million records, according to the Identity Theft Resource Center, which helps consumers dealing with identity theft and fraud. But in recent years, a little more than half of thefts of consumers' personally identifying information were classified as "non-digital," meaning they didn't involve — or at least, didn't start with — the thief e...
Identity theft at epidemic levels, warns Cifas

Identity theft at epidemic levels, warns Cifas

Business
Identity theft is reaching "epidemic levels", according to a fraud prevention group, with people in their 30s the most targeted group.ID fraudsters obtain personal information before pretending to be that individual and apply for loans or store cards in their name.A total of 89,000 cases were recorded in the first six months of the year by UK anti-fraud organisation Cifas.That is a 5% rise on the same period last year and a new record high."We have seen identity fraud attempts increase year on year, now reaching epidemic levels, with identities being stolen at a rate of almost 500 a day," said Simon Dukes, chief executive of Cifas."These frauds are taking place almost exclusively online. The vast amounts of personal data that is available either online or through data breaches is only maki...