
Underground trade in stolen identities revealed
With unemployment rising rapidly during the Covid-19 pandemic, and many more people likely to lose their jobs soon as the government’s furlough scheme nears its end, stolen identities are becoming increasingly valuable and are being openly sold on the dark web with the aim of conducting Universal Credit benefit fraud.
That is according to researchers at cyber intelligence firm IntSights, who have identified multiple cyber criminals offering scamming lessons and tutorials on how to commit benefit fraud in several countries, including the UK.
The UK’s Universal Credit system – which was designed to be a predominantly digital service