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Do You Actually Own Your Money? Hackers in Action!

Do You Actually Own Your Money? Hackers in Action!
"""Information may be both lovely and harmful! The analytics and data that power today's online economy could become the worst of disasters in the wrong hands. A recent study found that cybercriminals cost the world more than $575 billion annually, including your bank information! We run a greater danger of disclosing our personal information as the globe quickly transitions to an internet-based society and our future infrastructure depends on artificial intelligence. It is important to be concerned about cyber terrorists and hacktivists because of the breaches they have been able to cause. Hackers could cause a global crisis in addition to putting our bank accounts at danger. Hackers' ability to change all of Manhattan's traffic signals green or divert a US military drone to an undisclosed target has already been shown.

Online crimes are thought to account for 0.8% of global GDP, which is a sizable amount. Hackers took about $54.5 million from the accounts of FACC (a US aerospace firm) in January 2016. You can never be completely certain that your bank account is secure enough given the fact that such a major organization was compromised. When James Lewis from the CSIS claims that """"We don't catch most cybercriminals and we don't catch the most successful ones,"" the issue worsens. These hackers have thus far enjoyed impunity.

So, how can the hacker steal from you?

The frequent flier mile situation

More than 10,000 American users were hacked in December 2015, and the stolen rewards were used by fraudsters to buy free flights and other upgrades! The hackers took use of frequent flyers' login details to acquire cheap flights for a distance. While these consumers eventually received their free miles returned, the incident serves as a reminder that we should change our passwords and login information more frequently.

even your health care coverage!

Today, with rising medical costs and a reliance on fast food for daily sustenance, medical insurance is preserved as a fallback. You might be shocked to learn that even this insurance can be compromised, causing you to secretly be paying someone else's payments. You won't be aware that these identity thieves have obtained the medical benefits you have paid for unless you actually require emergency care.

You might be arrested for a crime that you didn't commit.

The worst-case scenario is that you might receive an unexpected police visit and end up being detained for a crime that you didn't commit! Despite the rarity of these incidents, identity thieves can always use you as the target of their crimes. Your personal information was used in all of it from various web sources. You'll pay a hefty price if you hire attorneys!

Message override

Hackers have been known to take control of a company's chat dashboard and communicate and transact business with your clients and customers in the past. HipChat revealed that 2% of its users' encrypted passwords and other user information had been stolen by hackers in February 2015. Along with requiring regular password changes from its users, some chat platforms switched to two-factor authentication after the incident. Although it doesn't totally protect your credentials against hacks, it helps reduce the dangers.

refunded tax payments

Normally, you would have submitted your tax returns by April 15th, but the IRS won't review them until late in June or early in July. The opportunity to steal your name and social security number, file a false tax return, and receive the refund on their accounts is greatly increased by this. The money would be long gone when you learn that your return application was denied.

Cards in your name for credit

When someone else is given a credit card in your name, identity theft is most feared. Up until your credit card's credit limit, thieves would cheerfully run debts in your name using your social security number, email, and bank login information. As a result, it's important that you check your credit reports more frequently and report any unfamiliar activity.

Online tricks

Most of us won't hesitate to help out a buddy in need if they ask for some cash in a pinch. Although there have been instances where you have actually done this after a stranger has hacked your friend's social media account and begged for assistance via the chat box. These con artists, known as ""social engineers,"" will take advantage of your good name to con you into giving money.

Your data held hostage

One of the deadliest scams to have ever circulated online is this one. On your own computer, hackers will encrypt all of your files using a ""Ransomware virus."" Until you send a large sum to the hacker's account, you won't be able to get these files back! You're stuck with it in the era of information, after all.

The fundamentals are the secret to maximizing security. Change your passwords frequently, keep your antivirus software up to date, avoid clicking on dubious links, don't keep private information on your phone or email, and always double-check when handling financial information online.

In 2015, thieves have access to the personal information (including banking information) of half of all Americans. The internet wasn't designed for total security; it was developed for openness and speed. We are easily becoming a target for hackers as we continue to add more services to our lives to make them more convenient. Despite this, we make no mention of going back to the old way of conducting business. There is no way to totally prevent breaches, which have become commonplace. You can, however, impede the crooks' progress in the hopes that they will pick a simpler method of earning money—someone else's account—instead! We must start by properly comprehending the extent of the issue and approach hacking as a nuisance. The thieves over there are cunning. You should be more intelligent."""
 

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"Do You Actually Own Your Money? Hackers in Action!" was written by Mary under the Business category. It has been read 40 times and generated 0 comments. The article was created on and updated on 17 November 2022.
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