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Cybercriminals want to compromise your identity, steal personal data

Cybercriminals are shifting their tactics, and want to steal your entire identity, and not just payment information

Michael Hatamoto | Feb 12, 2015 at 4:20 pm CST (0 mins, 58 secs time to read)

Cybercriminals have their pick of vulnerable targets to compromise, and want to focus more on conducting identity theft over just stealing payment information.

Cybercriminals want to compromise your identity, steal personal data | TweakTown.com

After a data breach, especially if a debit or credit card information has been stolen, compromised users ask their banks to cancel cards. However, a data breach in which names, addresses, Social Security numbers and other personal data are stolen give criminals the ability to take their time to launch future attacks.

"We're clearly seeing a shift in the tactics of cybercriminals, with long-term identity theft becoming more of a goal than the immediacy of stealing a credit card number," said Tsion Gonen, VP of strategy for identity and data protection of Gemalto. "Identity theft could lead to the opening of new fraudulent credit accounts, creating false identities for criminal enterprises, or a host of other serious crimes."

This news isn't overly surprising, but is troubling just days after the Anthem insurance data breach - in which up to 80 million customer records could be at risk. Almost 1 in 5 US consumers had their bank account, credit card information, or Social Security numbers compromised, according to a Pew Research study conducted in 2014.

Last updated: Apr 6, 2020 at 08:45 pm CDT

Michael Hatamoto

ABOUT THE AUTHOR - Michael Hatamoto

An experienced tech journalist and marketing specialist, Michael joins TweakTown looking to cover everything from consumer electronics to enterprise cloud technology. A former Staff Writer at DailyTech, Michael is now the West Coast News Editor and will contribute news stories on a daily basis. In addition to contributing here, Michael also runs his own tech blog, AlamedaTech.com, while he looks to remain busy in the tech world.

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