This alert may not be shared outside your organization, Do Not Repost or send, place on other websites, List servers, or send to others via email, including other associations or parties. Members and Law enforcement use only. Contact us for any permissions. To do otherwise will result in the loss of membership.
Complete Story
09/13/2023
Stolen Auto Accounts: The $2 Price Tag on Your Car’s Identity
Security Boulevard
It costs about $1,000 to purchase a person’s identity on the dark web from stolen financial accounts. Why pay $1,000 when it’s only $2 to steal a car’s identity and still make a hefty profit?
Kasada’s Threat Research team found evidence that a successful credential stuffing attack may have been performed against large automotive manufacturers, leaving accounts exposed to fraud and theft. Automated account takeover (ATO) provides bad actors with access to personal information as well as vehicle data such as car make, model, registered user, address, and vehicle identification number (VIN). These customer accounts are then resold illegally within private Telegram communities for profit.
Alerts
The FRPA alert system distinguishes us from other groups by gathering and providing information to law enforcement, retailers AND financial institutions.
more information
Resources
Your electronic library to help in fighting financial fraud for all of our partners.
more information