Crime pays for identity thieves

Tuesday, 22 July 2003, 2:41 AM EST

The research firm estimates that 3.4 percent of U.S. consumers--about 7 million adults--have been victims of identity theft of some form in the past year. Moreover, arrests in identity theft cases are extremely rare, catching the perpetrator in only one out of every 700 cases, said Avivah Litan, vice president of financial service for Gartner.

"The odds are really stacked against the consumers," she said. "Unfortunately, they are the only ones with a vested interest in fixing the problem."

The release of the survey comes as state and federal governments are trying to stem the problem of identity theft. On July 1, California started requiring companies to report to consumers any incident that may have compromised their personal data. And new national legislation, the Fair Credit Reporting Act, would help protect victims once they determined that their identity had been stolen.

[ Read more ]

Related items




Spotlight

Operation Pawn Storm: Varied targets and attack vectors, next-level spear-phishing tactics

Posted on 23 October 2014.  |  Targets of the spear phishing emails included staff at the Ministry of Defense in France, in the Vatican Embassy in Iraq, military officials from a number of countries, and more.


Weekly newsletter

Reading our newsletter every Monday will keep you up-to-date with security news.
  



Daily digest

Receive a daily digest of the latest security news.
  

DON'T
MISS

Fri, Oct 24th
    COPYRIGHT 1998-2014 BY HELP NET SECURITY.   // READ OUR PRIVACY POLICY // ABOUT US // ADVERTISE //