Every year, hackers gain access to computer databases, which store vast amounts of customer information. This information usually includes the names, addresses, telephone numbers, and credit card information. Hackers often use a variety of sophisticated methods to gain access to this information, like Trojan horses that
provide a secret way into a computer's database. These are often called back doors. Other methods include social engineering, where scammers will send an email, which tells the computer user that their banking information has been compromised. The computer user is then told to click on a link in order to update their financial information. The problem is that the link leads to a fake bank website and users are tricked into entering their user ids and passwords. This leads to identity theft, where hackers
assume the identity of a person and take out loans in that person's name. A
way to prevent identity theft is to
never disclose important information about you n the internet, such as
financial information and other pieces of information, like your date of birth and social security number. These pieces of information could be used to open credit cards or loans under your name. Furthermore, never open suspicious emails, especially those that claim that your bank account has been compromised.