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Identity Theft and the Identity Underground

Bottom Line IT
May 30, 2015 10:00 AM

TechnologyThis segment takes a look into the identity underground and identity theft. Identity thieves are using marketplaces such as PayIvy.com and payment processors such as PayPal to buy and sell stolen accounts. The black market for personal data is looking more and more like its legal counterpart. The ruthless efficiency of the identity underground underscores the need for individuals and organizations to secure their data.

For more information about this topic:

http://passcode.csmonitor.com/identity-trade

http://krebsonsecurity.com/2015/05/payivy-sells-your-online-accounts-via-paypal/

Listen to "Bottom Line IT" every week on The Michigan Business Network. We break down the technobabble by providing news, practical tips, and answers to your most pressing technology questions. We talk about how technology can be used to mitigate risks, reduce costs, increase efficiency, and produce profits for businesses.

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