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ABC reports about a worrying scam involving phone number porting. The attacker finds the phone number, name, and date of birth, and other easy-to-find information about a first victim and uses that information to port their number to a new service under control of the attacker. This enables them to access the victim's Facebook account, which is used in a social engineering attack against the victim's friends, who become new victims when they hand over their banking details, which are then used to transfer money and make purchases.
This attack obviously works better with the large amount of personal information people are putting on social networks. But how well would this kind of thing work against the average Soylentil?
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Telco Union Officials Lured Into Identity Fraud Scam
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Confess your sins to the Lord and you will be forgiven;
confess them to man and you will be laughed at.
-- Josh Billings
(Score: 0) by Anonymous Coward on Saturday January 21 2017, @01:26PM
I lived cheaply for years & saved, then was able to buy a house for cash. Paid $200K about 10 years ago for a 3 br. brick ranch in a quiet neighborhood. This area didn't participate in the real estate bubble/crash which were (iirc) mostly near the east and west coasts.
The actual purchase was simple, I used a lawyer and realtor, but didn't have to appear anywhere except at the realty office for the down payment. Paid the balance in a big bank check, they handled it all and gave me the key. At the same time I called my insurance agent (auto) and bought homeowner's insurance.
Cash purchases still happen.