Financial Institutions See Increasing Threat with Disposable E-mail Reviewed by Momizat on . In response to having their E-mail addresses constantly traded and sold only to end up being bombarded by spam, consumers have struck back at retailers and corp In response to having their E-mail addresses constantly traded and sold only to end up being bombarded by spam, consumers have struck back at retailers and corp Rating: 0
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Financial Institutions See Increasing Threat with Disposable E-mail

In response to having their E-mail addresses constantly traded and sold only to end up being bombarded by spam, consumers have struck back at retailers and corporations.

Disposable Email

Disposable E mail

They’ve pulled the plug on the unwanted online marketing mayhem with what’s known as disposable E-mail addresses (DEA).  Accounts don’t require any personal registration information like a name, birthday or location.  They’re also not activated until an E-mail is received.  The only thing needed to confirm a purchase or authorize a financial transaction is knowledge of the E-mail address itself.  The most common extensions for DEAs tend to be .com, .net, .org and .us. 

In a brief, but thorough review by Chris Silveria of Guardian Analytics, featured by the ABA Banking Journal, you’ll see how fraudsters are using DEAs to scam financial institutions in 5 easy steps.  Then, like a plot point out of a James Bond film, the DEA evidence just dissolves into thin air without a trace.

“As an indicator of the growing popularity of DEAs, Guardian Analytics Fraud Intelligence analyzed all confirmed fraud cases that involved a changed E-mail address. Of these, 30% used a disposable E-mail address. So, this is a widespread and prevalent scheme.” 

The National Association of Certified Valuators and Analysts (NACVA) supports the users of business and intangible asset valuation services and financial forensic services, including damages determinations of all kinds and fraud detection and prevention, by training and certifying financial professionals in these disciplines.

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