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How fake users are impacting business … and your wallet

Discussion in 'CSO' started by RSS, Dec 23, 2015.

  1. RSS

    RSS New Member Member

    A few weeks ago, Kristen Faughnan got something that surprised her: a "low balance" text message from her bank. That didn't make sense. She'd just paid for a haircut, but she knew how much was in her account. Even after paying her stylist, it was much more than the level at which the bank would tell her she was almost out of funds.

    "I logged onto my bank account to find two recent charges from Groupon," she says. They were from a cologne store in Texas. Faughnan lives in Pennsylvania.

    Faughnan was most likely victim of a costly form of cybercrime: a fake user taking over her account. Fake users spam real users that are part of a site, steal confidential information or, as in the case with Faughnan, take over an account (the fraudulent purchases were made through a credit card she had stored in the site -- a credit card that had expired, which added another piece to the puzzle).

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