Monday, March 08, 2010

The Low-Tech Reality of Identity Theft

"Almost 10 million people were victims of identity theft in 2008, a 22 percent rise from the year before," writes Lewis Beale. "Despite the popular image of some Serbian teenager with superior computing skills hacking into a major mainframe and stealing thousands of pieces of sensitive personal data, then using them to buy flat panel TVs and Blackberries, the majority of identity theft — a whopping 43 percent — comes from such low-tech means as stolen wallets and documents. Only about 1-in-10 thefts are computer-originated. READ MORE