Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Risk

Identity Thieves Successfully Targeting Wealthy Victims, Study Says

Affluent individuals who live 'the good life' are 43 percent more likely to be victims, according to Experian

If you're a security pro, then you might think the most likely victims of identity fraud are those with the most poorly protected systems and the least knowledge of computer security. Identity thieves are drawn to the easiest targets, right?

Wrong, according to a study issued today by Experian, a company that does both identity fraud protection services and marketing demographics services. In fact, the most likely victims of identity fraud are those with the most money, the study says.

The study -- which was created using Experian's unlikely combination of identity fraud incidence statistics with basic consumer demographics -- indicates that identity thieves are successfully targeting the wealthy and affluent, regardless of the systems and software they use.

According to Experian, consumers in the "Affluent Suburbia" category -- the wealthiest of the company's 12 demographic categories -- are 43 percent more likely to fall victim to identity fraud as the average credit applicant. Experian describes Affluent Suburbia as "the wealthiest households in the U.S., living in exclusive suburban neighborhoods and enjoying the best everything has to offer."

Individuals in the "Upscale America" category are 22 percent more likely to fall prey to identity fraud than the average credit applicant, Experian says. Upscale America is defined as "college-educated couples and families living in metropolitan sprawl, earning upscale incomes that provide them with large homes and very comfortable, active lifestyles."

The study offers a different perspective on identity fraud than more technical studies, which suggest the most likely victims of identity fraud are those who don't deploy security software or are ignorant of best practices.

In its study, Experian found the median income of identity fraud victims is 11 percent higher than the average credit applicant. The percentage of victims who own luxury vehicles is 26 percent higher, and the percentage of homeowners is 23 percent higher.

The Experian study suggests that identity thieves and fraudsters could be targeting victims by their neighborhoods, rather than by their computer systems or defenses.

For example, the study found that the percentage of victims found in metropolitan communities and other high-population areas is significantly higher than areas where the population is less than 20,000. In fact, consumers who live in rural areas with a population of 2,500 or less were 60 percent less likely to fall victim to identity fraud than the average consumer.

Attackers may also target users by their hobbies and interests, the study suggests. Consumers who displayed an interest in traditionally affluent avocations were much more likely to fall prey to identity thieves, the study says.

For example, users who displayed an interest in tennis were 85 percent more likely to have been victims of identity fraud than users who didn't, Experian says. Consumers who were interested in foreign travel were 70 percent more likely to be victims. Interests in cultural arts (52 percent) and skiing (50 percent) also set victims apart from nonvictims.

Experian has not yet posted the study for general viewing on the Web, but the company plans to make it available at a future date, a spokeswoman said.

Have a comment on this story? Please click "Discuss" below. If you'd like to contact Dark Reading's editors directly, send us a message. Tim Wilson is Editor in Chief and co-founder of Dark Reading.com, UBM Tech's online community for information security professionals. He is responsible for managing the site, assigning and editing content, and writing breaking news stories. Wilson has been recognized as one ... View Full Bio

Comment  | 
Print  | 
More Insights
Comments
Threaded  |  Newest First  |  Oldest First
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Current Issue
6 Emerging Cyber Threats That Enterprises Face in 2020
This Tech Digest gives an in-depth look at six emerging cyber threats that enterprises could face in 2020. Download your copy today!
Flash Poll
State of Cybersecurity Incident Response
State of Cybersecurity Incident Response
Data breaches and regulations have forced organizations to pay closer attention to the security incident response function. However, security leaders may be overestimating their ability to detect and respond to security incidents. Read this report to find out more.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2020-10696
PUBLISHED: 2020-03-31
A path traversal flaw was found in Buildah in versions before 1.14.5. This flaw allows an attacker to trick a user into building a malicious container image hosted on an HTTP(s) server and then write files to the user's system anywhere that the user has permissions.
CVE-2020-5344
PUBLISHED: 2020-03-31
Dell EMC iDRAC7, iDRAC8 and iDRAC9 versions prior to 2.65.65.65, 2.70.70.70, 4.00.00.00 contain a stack-based buffer overflow vulnerability. An unauthenticated remote attacker may exploit this vulnerability to crash the affected process or execute arbitrary code on the system by sending specially cr...
CVE-2020-5292
PUBLISHED: 2020-03-31
Leantime before versions 2.0.15 and 2.1-beta3 has a SQL Injection vulnerability. The impact is high. Malicious users/attackers can execute arbitrary SQL queries negatively affecting the confidentiality, integrity, and availability of the site. Attackers can exfiltrate data like the users' and admini...
CVE-2020-7009
PUBLISHED: 2020-03-31
Elasticsearch versions from 6.7.0 to 6.8.7 and 7.0.0 to 7.6.1 contain a privilege escalation flaw if an attacker is able to create API keys. An attacker who is able to generate an API key can perform a series of steps that result in an API key being generated with elevated privileges.
CVE-2019-13495
PUBLISHED: 2020-03-31
In firmware version 4.50 of Zyxel XGS2210-52HP, multiple stored cross-site scripting (XSS) issues allows remote authenticated users to inject arbitrary web script via an rpSys.html Name or Location field.