Word: credit-card
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When police arrested Brooklyn, N.Y., busboy Abraham Abdallah in March, he had Forbes magazine's issue on the 400 richest people in America, plus Social Security numbers, credit-card numbers, bank-account information and mothers' maiden names of an A list of intended victims drawn from the issue, including Steven Spielberg, Oprah Winfrey and Martha Stewart. Abdallah is accused of using websites, e-mail and off-line methods to try to steal the celebrities' identities and make off with millions in assets. One scheme that was caught in time: he allegedly sent an e-mail purporting to come from Siebel...
Theft of personal data from websites is also growing. Egghead.com sent a chilly wind through cyberspace late last year when it disclosed that hackers had broken into its system and may have accessed millions of credit-card numbers from its database. (It later found that no credit cards had been compromised.) It was a stark reminder that financial data are only as safe as every website you share them with...
There have been other recent high-profile hacks. Music retailer CD Universe lost up to 300,000 credit-card numbers; Bibliofind, a subsidiary of Amazon, had the names, addresses and credit-card numbers of 98,000 customers stolen. One thing that makes online credit-card theft more tolerable than some cyberscams: if consumers find false charges, banks and merchants should pay most of the bill...
...THAT WEBSITE ON WHICH YOU JUST ENTERED YOUR CREDIT-CARD NUMBER MAY BE A FAKE...
Perhaps, if things went really well, Microsoft might decide to pull the plug on MSN, its rival online service. The trade-off: Microsoft could provide all the software that people use on AOL, everything from its Passport program for storing credit-card info to its Media Player, which--let's just speculate here--could be the only one licensed to play Warner Bros. movies and Warner Music on demand...