Identity Theft
Identity theft is a growing national
epidemic. The Federal Trade Commission’s report on identity
theft called Identity Theft the fastest-growing crime
in the nation, with nearly 10 million victims per year, with
costs to businesses of $48 billion and costs to consumers of
nearly $5 billion.
The internet and identity theft
While the internet makes people's lives
easier, the Internet and its vast collections of easily
accessible personal data make identity theft simpler for
criminally minded people. Businesses' lack stringent privacy
policies and corporate mistakes in handling sensitive customer
information also contribute to the problem of identity
theft.
Information leak
Incidents of information-rich files being
left unsecured in garbage bins and credit slips left unshredded
are common. Unfortunately, local police agencies are ill
equipped to handle these sophisticated crimes, which often
cross state borders.
From a police perspective, identity theft is
a silent crime. It just doesn’t merit the priority of crimes
like murder, robbery, and other violent crimes more easily
reported and televised.
District attorneys are in a similar bind.
Reelection is secured by winning big verdicts in publicity-
generating cases.
Federal and state law taking identity theft
more seriously
Federal and state law enforcement agencies
are beginning to take the problem of identity theft more
seriously, especially now that the FBI has declared identity
theft as the fastest-growing white collar crime in the
country.
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