Identity Theft: Millions are impacted

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old Harry Waldron
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Identity Theft: Millions are impacted

Post by old Harry Waldron »

I've done some formal presentations on this in the past.

Here's kind of a humorous but sad commentary of the issues out there:

1. Banks are way too lienient in issuing credit.

2. Individuals are way too careless with their credit, or personal information (e.g., SSN, DOB, etc).

3. And there are way too many thieves out there.


Identity Theft: Millions are impacted
http://msnbc-cnet.com.com/2100-1029_3-5071060.html

Identity fraud is a bigger problem than generally acknowledged, with an estimated 10 million Americans becoming victims in the last year, according to a new Federal Trade Commission survey.
But identity fraudsters appear to be traditionalists. The survey, released Wednesday, found that only a small percentage of identity fraud appeared to involve personal information gleaned from the Internet.

Instead, the details were typically obtained from lost wallets or from acquaintances and family members who knew Social Security numbers and account numbers, according to those respondents who had experienced identity fraud and who knew how their information had leaked out.

Only 13 percent of victims reported that their information was obtained during a transaction such as a credit card purchase--a category that includes shopping in malls and dining in restaurants, too. About half of respondents said they did not know how the identity fraud happened
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