http://www.vnunet.com/News/1142517

Identity theft rockets 80 per cent
By Robert Jaques [23-07-2003]
And the danger isn't only on the internet, warns analyst

Identity theft in the US has leapt by 79 per cent over the last year, with
only a one in 700 chance of thieves being caught, industry watchers have
warned.

According to analyst firm Gartner, seven million American adults - 3.4 per
cent of all US consumers - were victims of identity theft during the 12
months ending June 2003.

.. snip ..

"Many banks, credit card issuers, cell phone service providers and other
enterprises that extend financial credit to consumers don't recognise most
identity theft fraud for what it is," Litan said.


"Instead they mistakenly write it off as credit losses, causing a serious
disconnect between the magnitude of identity theft that innocent consumers
experience and the industry's proper recognition of the crime.


"This causes a disincentive to fix the problem with the urgency it
requires."


.. snip ..

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Internet trivia, 20th anv: http://www.garlic.com/~lynn/rfcietff.htm

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