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ACCOUNT, EXCHANGE, Featured, PAYMENT, VALUE

Stealing your identity—bit by bit

Written by Paul Amery on February 25, 2025

More in ACCOUNT:

  • Unseen Money 16—synthetic identity fraud January 26, 2026
  • US banks are exposed to a fake ID crimewave January 21, 2026
  • The rise of techno-fascism October 27, 2025

Having your identity stolen is a catastrophe. You can lose your reputation, your credit rating, your money, your home or even be accused of fraud yourself.

To victims, ID theft feels like a single, earth-shattering event. But it’s likely that the hacker has been stealing different aspects of your identity over time.

Your name, address, email address, phone number, bank account number, passport number, medical records and log-in credentials are all valuable bits of information to hackers. Combined, they may be enough for a digital hit on you and your bank account.

In the latest Unseen Money podcast, Timur Yunusov and I explore the “personally identifiable information” or “PII” that enables hackers to impersonate and rob us.

PII is now traded amongst fraudsters as a commodity. But what kind is most valuable to criminals? Where do they get it? How do they use it in scams? Once we’ve lost our PII, is there anything we can do?

Listen to the latest New Money Review podcast with me and security researcher Timur Yunusov for more.

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The New Money Review podcast brings you the best minds from the world of money.

From economics to payments, financial markets, technology, law, digital assets, crime and fraud, you’ll find an episode that interests you. 

 

Recent

  • Unseen Money 16—synthetic identity fraud

    Unseen Money 16—synthetic identity fraud


  • US banks are exposed to a fake ID crimewave

    US banks are exposed to a fake ID crimewave


  • Unseen Money 15—Why passkeys won’t take off

    Unseen Money 15—Why passkeys won’t take off


  • Unseen Money 14—the AI malware threat

    Unseen Money 14—the AI malware threat


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New Money Review covers innovations in money and their implications for our financial, social and political systems.

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