|12 Mar 2014||#1|
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200M consumer records exposed in Experian security lapse
An ongoing investigation has revealed that a Vietnamese man posing as a private investigator was able to dupe Experian in to compromising data which could equate to millions of customer records.
Last year, Krebs on Security published a story documenting the tale of 24-year-old Vietnamese national Hieu Minh Ngo, the founder of an online identity theft service. Phishing campaigns, breaking in to systems, keylogging software -- these are all ways to snatch someone's personal, financial data, but what if you can go to an agency source and simply buy the information you want instead?
Ngo, posing as a private investigator in Singapore, took this route -- and was able to purchase the financial records of US consumers directly from a company owned by Experian, one of the world's largest credit monitors, in order to sell it on for allegedly fraudulent purposes.
Court Ventures, owned by Experian, is an aggregator of digital public records. The firm has a deal thrashed out with another party, Columbus, Ohio-based US Info Search, so both companies can freely access each other's databases. Ngo used this to his advantage; through monthly cash wire payments, he was able to access this database and lift the data he wanted, exposing the sensitive information of roughly 200 million US citizens.
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