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Predictive Modelers Battle the Hackers
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Re: Pollyanna against PT Barnum
  • 10/24/2012 2:11:03 PM
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I really don't disagree Noreen with the statement that a certain amount of fraud will always be with us.  Even the newest technology  hackers are working on finding ways to exploit, I agree with what that hacker told you long ago, no system is completely safe or is that even really possible.   

I like how Predictive Model can help - It does help if metrics are kept in the most general sense, what concerns me is the potential for bias and misuse.  But this has always been the case and probably always will be the case.

Re: Pollyanna against PT Barnum
  • 10/23/2012 9:46:14 AM
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I think they just changed the way social security numbers are assigned. But that won't help most people who already have the easily deciphered numbers.

Re: Pollyanna against PT Barnum
  • 10/23/2012 7:59:26 AM
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Yes fraud and simple but highly effective hacks will be with us for a long time.  It's not just medical devices that are under attack now.  Several luxury car lines are open to a very simple attack that lets hackers unlock doors and start the car without any much more than a laptop some software and a radio transmitter.  There have also been stories about hackers being able to access things like the braking systems of cars as they stop at traffic signals.

 

Now onto the old school style hacks, most of the ID that you carry tells quite a bit about you.  Your Social Security number tells which state is was issued by for example. The typical Drivers license number reveals quite a bit too http://www.highprogrammer.com/alan/numbers/dl_us_shared.html.

Re: Pollyanna against PT Barnum
  • 10/22/2012 10:03:14 PM
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That's really scary Seth

Re: Pollyanna against PT Barnum
  • 10/22/2012 6:15:23 PM
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I think a certain amount of fraud will always be with us.  For most scams, if they work 0.001% of the time, it's still very lucrative. 

How's this for scary: BBC News - Medical device hack attacks may kill, researchers warn  So now we have to worry about heart implants also. 

Re: Pollyanna against PT Barnum
  • 10/22/2012 5:40:26 PM
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It is true that fraud only gets more sophisticated every day. Sometimes you have to contend with the reality that some of those predictive modellers themselves will double up as part of a fraud in one way or another. I was trying to trace an article i read that said a good percentage of self selected pin numbers will usually have either a six or a nine from research. Now if someone knows a trick of finding one more number, they can use social engineering to obtain the last two from the owner himself or herself.

Re: Pollyanna against PT Barnum
  • 10/22/2012 3:52:40 PM
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I have often heard from people associated with the security industry that prevention is a stated goal, but the realistic goal is managing containment. From alarms to lost prevention, the first step is to make it as hard as possible to stymie the unsophisticated and hopefully make it not worthwhile to the skilled thief. As so it is with credit cards. The measures taken must be balanced as to not remove the convenience factor for the customer.

Re: Pollyanna against PT Barnum
  • 10/22/2012 2:48:29 PM
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The fraud seems to have become more sophisticated -- and gained sophistication quicker than the solutions to prevent it.

Pollyanna against PT Barnum
  • 10/22/2012 2:43:05 PM
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A certain amount of fraud will always be with us.

Unfortunately, the PT Barnum/Hackers rely on the Pollyannas of the world. I'm very careful how and when I use my credit card, regardless, it's been ripped off a couple of times. It's a bit of a nuisance but the credit card companies are the ones who have absorbed the cost, not me. I know the credit card companies are trying to shut down the fraud and theft but I just assume that I'll get ripped off again every 5-8 years.



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