Mitigating identity theft

Monday, 18 April 2005, 9:51 AM EST

Identity theft is the new crime of the information age. A criminal collects enough personal data on someone to impersonate a victim to banks, credit card companies, and other financial institutions. Then he racks up debt in the person's name, collects the cash, and disappears. The victim is left holding the bag. While some of the losses are absorbed by financial institutions -- credit card companies in particular -- the credit-rating damage is borne by the victim. It can take years for the victim to clear his name.

By Bruce Schneier.

[ Read more ]

Related items




Spotlight

Email scammers stole $215M from businesses in 14 months

Posted on 29 January 2015.  |  In 14 months there have been nearly 1200 US and a little over 900 non-US victims of BEC scams, and the total money loss reached nearly $215 million.


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, Jan 30th
    COPYRIGHT 1998-2015 BY HELP NET SECURITY.   // READ OUR PRIVACY POLICY // ABOUT US // ADVERTISE //