Feeds

Fed chairman hit by ID thieves

22 charges after hundreds are hit by pickpocket-allied fraudsters

SANS - Survey on application security programs

The US Federal Reserve Board chairman has become the latest high-profile public figure to fall victim to identity theft.

Ben Bernanke, whose day job leaves him in charge of the US money supply, became the victim of fraud after a pick pocket stole his wife's handbag from a Starbucks shop in Washington's Eastern Market. Credit cards, cheque books, cash and a driver's license were taken as a result.

This information was used to pass fraudulent cheques in Bernanke's name. Despite his status in the banking industry, no immediate alarm bells appear to have rung. The fraud was eventually detected and linked to a wider bank fraud racket that led to the indictment of 22 suspects earlier this week. Mail theft, pickpocketing and corrupt insiders were all allegedly used by the gang in order to build up profiles on prospective marks before establishing fraudulent lines of credit.

Bernanke, via a spokesman at the Federal Reserve, commented on the ID theft, telling CNN: "Our family was but one of 500 separate instances traced to one crime ring."

Public figures, despite their notoriety, are by no means immune to ID theft. Our favorite example in this category is an attempt by fraudsters to impersonate French president Nicolas Sarkozy. Stolen payment card details in Sarkozy's name were reportedly used to make mobile phone subscription payments. Six people, including workers at a mobile phone store, were arrested over the alleged scam in October. ®

Combat fraud and increase customer satisfaction

More from The Register

next story
Parent gabfest Mumsnet hit by SSL bug: My heart bleeds, grins hacker
Natter-board tells middle-class Britain to purée its passwords
Obama allows NSA to exploit 0-days: report
If the spooks say they need it, they get it
Web data BLEEDOUT: Users to feel the pain as Heartbleed bug revealed
Vendors and ISPs have work to do updating firmware - if it's possible to fix this
Samsung Galaxy S5 fingerprint scanner hacked in just 4 DAYS
Sammy's newbie cooked slower than iPhone, also costs more to build
Snowden-inspired crypto-email service Lavaboom launches
German service pays tribute to Lavabit
One year on: diplomatic fail as Chinese APT gangs get back to work
Mandiant says past 12 months shows Beijing won't call off its hackers
Call of Duty 'fragged using OpenSSL's Heartbleed exploit'
So it begins ... or maybe not, says one analyst
prev story

Whitepapers

Designing a defence for mobile apps
In this whitepaper learn the various considerations for defending mobile applications; from the mobile application architecture itself to the myriad testing technologies needed to properly assess mobile applications risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.