Thursday, February 5, 2015

ID Theft Global: Personal Info in China Sells to Highest Bidder

Identity theft is a growing problem worldwide. In China the Beijing Times reports "leaks of personal credit card information have become increasingly serious in China.

Stolen personal information (PII) is sold online and priced according to its "quality." Within minutes buyers can purchase PII for as little as $0.06 while PII on platinum card holders can cost $0.80.

"Leaks of personal credit card information have become increasingly serious in China."
- The Beijing Times
While banks are not allowed to disclose customer information without consent, many bank employees are involved in handling personal information which increases the chance for PII leaks. Financial institutions in any country can detect such insider data leakage by utilizing low-cost on-demand SaaS analytics services.
Learn how to proactively detect identity theft and unauthorized breaches of data privacy, even by authorized users - with no hardware and no on-site software.
Sources:
(a) Personal banking info sold to highest bidder in China - www.WantChinaTimes.com, 01/14/2015

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