With Insider Help, ID Theft Ring Stole $700,000 In Apple Gift Cards

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itwbennett writes The Manhattan District Attorney’s office has indicted five people for using personal information stolen from around 200 people to fund the purchase of hundreds of thousands of dollars in Apple gift cards, which in turn were used to buy Apple products. “Using stolen information to purchase Apple products is one of the most common schemes employed by cybercrime and identity theft rings today, ” District Attorney Cyrus Vance said in a statement. “We see in case after case how all it takes is single insider at a company—in this instance, allegedly, a receptionist in a dentists’ office—to set an identity theft ring in motion, which then tries to monetize the stolen information by purchasing Apple goods for resale or personal use, ” he said. Read more of this story at Slashdot.

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With Insider Help, ID Theft Ring Stole $700,000 In Apple Gift Cards

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