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Identity is best defined as a set of individual characteristics by which a person is recognised or known. The online world, however, has to rely on other elements of identity authentication. That most often is a login and password pair, and stealing an online identity boils down to stealing a login/password pair.
Though methods and strategies of ID thieve have been widely studied (Plain Phishing, Spear Phishing, Phisher Worms, Client-side Trojaning, etc.), the questions of "who" and "why" remain largely ignored; that is, Who is after online identities? And what for?
For instance, few people are aware that bank phishers usually don't personally siphon accounts they have stolen. They merely sell them to people who know how to turn a virtual nest egg into cash: money launderers.
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