IT Reseller Magazine
Article Search: Go To: Keyword 
 
   

FREE Subscription to IT Reseller Magazine






Internet Security
Internet control, email and network protection


Second hand computers still an ID fraudster’s dream
01 August 2007  

Navigant Consulting, Inc. has revealed that many second-hand computers available from on-line auction sites and second-hand computer shops may still contain enough information to enable fraudsters to steal identities along with bank account and signatory details, despite people going to considerable lengths to delete such confidential data prior to the sale.

To demonstrate the potential magnitude of the risk Navigant Consulting purchased three second-hand computers last week, and was able to determine that one of the computers still contained sensitive personal information on the hard drive.

Andrew Durant, head of Navigant Consulting’s fraud investigation team, said: “The seller would have believed all personal information been deleted when the hard-drive was reformatted and a new operating system was installed, but that is simply not good enough. Many individuals, companies and other organisations still do not understand the precautions they need to take when selling their used PCs in order to protect personal information.”

“Given all the recent publicity about ID fraud I was shocked to find this level of personal and corporate information on a second-hand computer. If it got into the hands of a fraudster it would be Christmas, Easter and his birthday all at once.”

Based on an analysis of the computers, Navigant fraud investigators discovered information from a community college on the second-hand computer, including:
• Student names, addresses and photos;
• Staff budgets and payroll schedules including names and salary details;
• Bank account standing data payments and receipts;
• A letter to the bank including full bank account details and signed by the authorized account signatory;
• Students’ lone parent and benefit applications.

“This level of information potentially put students, staff, suppliers and the college as a whole at risk from fraud,” explains Durant.

“The message is simple: if you can’t securely delete your data, don’t sell your computer. It is possible to download software from the internet to securely wipe data from your PC, or better still, take it to a reputable reseller and ask them to do it for you.”

Andrew Durant added: “If selling a computer, it is far better to destroy the hard-drive and replace it with a new one, which can be bought for as little as £20. If the cost of a new hard-drive is more than the price you hope to get from selling your computer, then don’t sell it because of the risks.

“Even disposing of used hard-drives at the approved local council site isn’t completely safe as hard-drives have resurfaced in such places as Lagos, Nigeria, with the data recovered from them used in frauds.”

Navigant Consulting securely and completely deleted all the information recovered from the laptop computer and informed the community college of the security breach.


Other Internet Security News Security White Papers
Sourcefire launches Razorback, delivering a framework for multi-vendor threat detection and protection
Sourcefire, Inc., the creator of Snort and a leader in intelligent cybersecurity solutions, has launched Razorback, an open source framework designed to deliver deep inspection capabilities for combating today's most complex threats.
Trusteer warns financial malware is attacking leading US banks using Visa and MasterCard
Trusteer has announced that the Zeus (Zbot) financial malware is targeting online banking customers of 15 leading US financial institutions by exploiting two trusted credit card security programs.
Barracuda spam & virus firewall offers broader outbound email content filtering capabilities
Barracuda Networks Inc., provider of security, storage and networking solutions, has announced new features to its flagship Barracuda Spam & Virus Firewall that enhance full inbound and outbound email scanning from the same appliance.
Over half of IT professionals are still leaving mobile security to chance
As threats to corporate data grow, and the cost of breaches increase, a survey of alleged security conscious professionals has remarkably revealed that over half of respondents (52%), who admit to carrying company data on a USB stick, do not encrypt it.
Webroot announces channel expansion in Ireland
Webroot has announced its plans to recruit an additional ten strategic channel partners in Ireland, to expand the availability of Webroot Web Security Service, Webroot Email Security Service and Webroot Email Archiving Service.
What every CEO should know about advanced persistent threats and industrialised hacking
The world of hacking has evolved into two major varieties: industrialised attacks and advanced persistent threats (APT).

More >>

Understanding the value of outsourcing network security services
This white paper will examine the many new challenges that are facing today’s network owners, the pros and cons of using in-house resources and outsourcing for your network assessment and day-to-day monitoring, as well as guidelines to help select and maximize the value of outside resources.
GFI warns one anti-virus engine is not enough to protect your business
Although 99% of large British companies use anti-virus products, 43% were still infected by viruses (UK ISBS Survey 2006)
CONTENT FILTERING SOLUTIONS TECHNOLOGY REPORT APRIL 2006
Source: West Coast Labs/Netintelligence
The Trend of Threats Today: 2005 Annual Roundup and 2006 Forecast
Trend Micro
The report that follows is not only an account and analysis of 2005 threat
incidents. It also serves as a forecast of what the future holds in 2006 and
onwards. Through Trend Micro‘s extensive research and analysis of the 2005
incidents, this paper documents how threats evolved into the multi-purpose
threat regime – thus providing corporate and home users information on what
to do to ensure they remain protected against future threats. Download free white paper.
If you can't beat it, manage it
David Caughtry of Computerlinks looks at the challenges facing IT managers with the growing use of Instant Messaging in the workplace.
Are you becoming a one-stop security shop?
David Ellis, director of e-security at Unipalm discusses best practice security management and the evolution of protection technology.

More >>

advertisements


 



Related Articles


Let the news come to you!
Subscribe to our weekly newsletter and the digital edition of IT Reseller Magazine!

Email Address:   



© Copyright 2006, IBC - Interactive Business Communications

Help | Contact Us | PrivacyRSS Feeds | Site Map | Advertise
YourTechTV.com Only Technology Videos