A massive breach of security has landed one of America's big three credit bureaus - and hundreds of millions of consumers - in hot water. KrebsOnSecurity reports that a stolen identity marketplace run by a Hieu Minh Ngo, a Vietnamese scammer, hijacked and distributed as many as 30 million IDs, and he had access to many millions more. The credit bureau under scrutiny: Experian.
Posing as a private investigator operating out of Singapore, Ngo contracted with Court Ventures, paying for his access to consumer records via regular cash wire transfers from a bank in Singapore. Through that contract, Ngo was able to make available to his clients access to the US Info Search database containing Social Security, date of birth and other records on more than 200 million Americans.
Experian came into the picture in March 2012, when it purchased Court Ventures (along with all of its customers — including Mr. Ngo). For almost ten months after Experian completed that acquisition, Ngo continued siphoning consumer data and making his wire transfers.
Krebs was the investigator who first uncovered evidence of the brutal retail security breach that eviscerated Target, Neiman Marcus and others. As these types of data leaks become more common, your identity will need an agressive defense more than ever. Click here to learn what you need to do right now to protect yourself from ID theft.
This is a post in my new blog. Check out the latest tech news and other fun stuff right here, with updates throughout the day.