- San Jose Sharks Welcome ThreatMetrix As the Team’s Newest Corporate Partner
- ThreatMetrix Selects Verne Global to Expand Data Center Footprint
- Digital Identity Summit 2017: Brian Krebs Named as Keynote as Call for Speakers and Award Nominations Open
- Top 5 Reasons to Vote ThreatMetrix for the MRC People’s Choice Technology Award!
- Organized Fraud Rings Target Online Lenders and Emerging Financial Services, Reveals New ThreatMetrix Report
According to energyfiend.com, the most expensive Starbucks drink is the 3000mg caffeine-loaded Quadriginoctuple Frap at $47.30. If you think that’s an expensive cup of joe, try sharing your private personal financial information with cyberthieves.
Starbucks, Peets, et al. have become a kind of home away from home – well at least the living room part. People tend to feel comfortable and secure much as they would at home. Checking Facebook, emailing, downloading photos, online shopping, mobile banking and accessing all sorts of sensitive documents over public Wi-Fi networks has become standard operating procedure for a lot of people.
“Consumers can easily access public Wi-Fi networks from just about anywhere – and so can cybercriminals,” said Dean Weinert, product manager, ThreatMetrix. “Cyber threats are certainly a reality at local coffee shops and other wireless hotspots. If consumers don’t take extra precaution to protect their personal devices, they can unwittingly share sensitive information with cybercriminals interfering on the network.”
To help consumers avoid online fraud and malware traps, ThreatMetrix offers a number of scenarios that demonstrate how cybercriminals access sensitive transactions on public networks.
• Network Scanners – A network scanner detects open ports on a device that’s connected to a network. A cybercriminal can integrate a network scanner with hacking tools to automatically exploit system vulnerabilities, giving the criminal complete control of a customer’s device.
• Man-in-the-Middle – Hackers use off-the-shelf or other devices configured as “hotspot honeypots” to intercept a user’s Internet connection, granting the hacker full access to the user’s network connection. This allows hackers to launch man-in-the-middle attacks such as Website redirection, session hijacking and other network-based attacks.
• Social Hacking – Cybercriminals leave a malicious USB drive on a café table for an unsuspecting, curious customer to insert it into his or her device. The attacker then captures sensitive information, such as social network logins.
• Hi-Res Video Cameras on Mobile Phones – Cybercriminals use hi-resolution video cameras on a mobile device to capture a nearby user’s activity. For example, a consumer may enter credit card information or Gmail login into a device while waiting in line, without knowing the cybercriminal has videoed his/her credentials.
How should consumers avoid these traps? Conduct banking and other personal business in genuinely safe environments – not in a public place akin to counting out hundred dollar bills in a dark alley. Also consumers should take care to frequently update their operating systems and anti-virus software.
“The bottom line is – consumers are better off conducting mobile banking and other transactions at home on a secure, password-protected network,” said Weinert. “Even so, approximately one in five consumers don’t update fraud and malware protection software beyond the initial three-month trial period after purchasing a new device. Consumers must continuously update such software or risk losing their caffeine buzz once they realize their account has been compromised by a cybercriminal.”
For more information and a list of tips, visit http://threatmetrix.com/resource-center/infographics/