"Many of the biggest breaches in recent years were inadvertent disclosures," says Eric Johnson, professor of operations management at Dartmouth's Tuck School of Business and director of the school's Glassmeyer/McNamee Center for Digital Strategies. Johnson co-authored the study along with Scott Dynes, a senior research fellow at Dartmouth's Institute for Security Technology Studies.
The Dartmouth study notes that there are an estimated 10 million users sharing music, video, software, and photos over peer-to-peer networks, up from about 4 million in 2003. This doesn't even include BitTorrent, a popular peer-to-peer application for video files that's difficult to monitor. Meanwhile, efforts by ISPs, corporations, and copyright holders to limit peer-to-peer through technology (such as site blocking, traffic filtering, and content poisoning) or through the courts (the most notable being the Recording Industry Association of America prosecution of individual users and file sharing firms) have prompted peer-to-peer developers to create decentralized, encrypted, anonymous networks that can find their way through corporate and residential firewalls.
"These networks are almost impossible to track, are designed to accommodate large numbers of clients, and are capable of transferring vast amounts of data," the study says.
And now the bad news. Criminals are actively searching peer-to-peer networks for any personal information they can use to commit identity theft. There are several ways for confidential data to find its way to a peer network, including instances where users accidentally share folders containing such data, users store music and other data in the same folder that is shared, or users download malware that exposes their file directories to the network. A lot of identity theft victims "don't realize that their son was on LimeWire last night sharing their financial information," Johnson says. "Much of this software has interface designs that are confusing and even deceptive in a way that gets people to share, without knowing it, their whole hard drive."
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Trolling Internet For Financial Information
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