A British man stole £35,000 (approximately US$ 55,000) from his neighbours’ bank accounts after determining their passwords via personal information they posted on Facebook.
Fortunately, there’s some advice which the rest of us (and indeed online banks) might take away from the story to make all of us more secure in future.
According to a Daily Telegraph report, 33-year-old Iain Wood, of Newcastle, befriended people living in his apartment block, and used their personal details to get past online bank security checks.
Wood would attempt to log into his victims’ bank accounts, and click the button to claim he had forgotten his password.
Using clues gleaned from Facebook and Friends Reunited, he would attempt to help answer security questions such as memorable dates, name of their…
Read more in my article on the Naked Security website.