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Costa Rican Authorities Issue Warning as Social Media Identity Theft Cases Double

 

With the rapid evolution of technology, there has been a concerning rise in cybercrime, particularly in the realm of identity theft on social media platforms. The Cybercrime Unit of the Public Prosecutor's Office has observed a significant surge in such cases, prompting heightened attention to this growing threat.

Esteban Aguilar, the lead prosecutor of the Cybercrime Unit, shed light on the methods employed by cybercriminals to carry out identity theft. He explained that these crimes often target individuals, corporations, and even trademarks, using social networks, websites, or other digital platforms as their primary vehicles. Aguilar highlighted the severity of this issue, noting that identity theft has become the second most rapidly increasing form of cybercrime in the country, trailing only behind cyber fraud in its expansion.

The prosecutor emphasized the gravity of the situation by discussing the legal repercussions associated with identity theft. According to Aguilar, the Cybercrime Unit frequently receives reports of false profiles on social networks, which can lead to serious legal consequences, including imprisonment for up to three years. He stressed the importance of educating young people, who are the most active users of social media, on the legal and ethical responsibilities they must uphold online. Aguilar warned that any involvement in such illicit activities could result in severe penalties.

Statistical data from the Public Prosecutor's Office further underscore the growing concern. Since 2019, the number of identity theft cases has nearly doubled, rising from 449 reported incidents that year to 950 cases in 2023. This sharp increase reflects the escalating nature of cyber threats and the need for stronger measures to combat them.

The Costa Rican Penal Code specifically addresses the crime of identity theft, prescribing imprisonment ranging from one to three years for offenders. The law is clear: anyone who impersonates the identity of a natural person, legal entity, or trademark on any social network, website, or digital platform will face serious legal consequences.

The impact of identity theft has not been limited to individuals. Businesses, too, have been affected, with several high-profile companies falling victim to this crime. For instance, Pozuelo, a well-known cookie brand, has issued warnings to the public about fraudulent schemes where criminals have misappropriated the company's identity. Similarly, financial institutions, including banks, have alerted their customers to various scams designed to exploit their trust.

In a particularly alarming development, the country recently reported its first case of identity theft involving social networks. The case involves a man accused of accessing his ex-girlfriend's social media accounts and business profiles without her permission. According to the Prosecutor's Office, the accused had knowledge of her passwords and used them to infiltrate her personal and business accounts, raising serious concerns about privacy and the misuse of personal information.

This case serves as a stark reminder of the far-reaching consequences of cybercrime, particularly identity theft, and the urgent need for vigilance, both online and offline. As technology continues to advance, so too must the efforts to protect individuals and businesses from the growing threat of cybercriminals.

Major Caesars Data Breach: 41,000+ Individuals' Information Compromised

 

Casino powerhouse Caesars disclosed a significant data breach in September, preceding a similar incident at MGM later that month. The breach impacted over 41,000 patrons, primarily from the state of Maine, with cybercriminal group Scattered Spider identified as the perpetrators.

Caesars clarified that the breach primarily targeted its loyalty program, compromising personal information like names, driver's licenses, and ID card details of customers in Maine. 

Fortunately, no financial data was compromised. To mitigate the impact, Caesars is offering affected individuals complimentary two-year cybersecurity and identity fraud insurance. The exact tally of victims is still being determined, as per a filing with the Maine Attorney General's office. 

Caesars also mentioned in a letter to affected residents that efforts were made to delete the stolen data, although this outcome can't be guaranteed. Speculation suggests Caesars may have paid a reduced ransom amount of $15 million, down from an initial demand of $30 million.

Notably, it's been revealed that Caesars paid the ransom just days before Scattered Spider targeted MGM. This underscores the widely held belief that yielding to ransom demands only emboldens cybercriminals to strike again.

Caesars detailed the breach's origin, stating it was a result of a social engineering attack on an outsourced IT support vendor, leading to unauthorized network access on August 18, 2023, and data exfiltration from around August 23, 2023.

In response, Caesars is equipping affected Mainers with two years of identity theft protection through IDX, a third-party provider. This includes credit and dark web monitoring, as well as coverage of up to $1 million in case of identity theft.

While Caesars and MGM are prominent targets of Scattered Spider, cybersecurity firm Mandiant, a subsidiary of Google, has indicated that the group's recent ransomware campaign may have affected numerous industries beyond hospitality and entertainment, potentially numbering in the hundreds. This sequence of events serves as a stark reminder that capitulating to cybercriminal demands doesn't lead to a favourable outcome.