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Friday, July 11, 2008

The Continuing Threat: Identity Theft

Identity Theft is a continuing threat that has brought great inconveniences and expenses to many victims.  Dept of Justice stated Identify Theft is the fastest growing white collared crime in recent the past five years.

The accessibility of the internet has given identity thieves access to a wealth of personal information.  Online brokers gather data such as social security numbers, driving records and employment information from publicly available records, customer provided forms and credit card applications.

Identity thieves purchase reports with stolen credit cards and use the information to obtain phony documents and credit cards.

Furthermore, social engineering, malware infections and dumpster diving has all led to the growing issues of identity theft.

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