Identity theft rate has been overestimated

Schneier’s blog has some fresh ideas on identity theft. It says, the rate of identity theft has been grossly overestimated as “too many things are counted as identity theft that are just traditional fraud”. Although multiple surveys have found that around 20 percent of Americans say they have been beset by identity theft, the whole definition of identity theft is too unclear.

Identity theft is usually understood as as the illegal use of someone’s “means of identification” — including a credit card. Technically, if a person loses a credit card and someone else uses it to buy a “candy bar”, he might be considered the victim of identity theft.

“Of course misuse of lost, stolen or surreptitiously copied credit cards is a serious matter. But it shouldn’t force anyone to hide in a cave.”

21 percent of Americans said they had been an identity theft victim in 2004. However, according to the latest survey, half of self-described victims blamed relatives, friends, neighbors or in-home employees for misuse of their identity information.

The identity theft numbers were still high but not as frightful. “Identity theft is a serious crime, and it’s a major growth industry in the criminal world. But we do everyone a disservice when we count things as identity theft that really aren’t”.

This blog is run by the authors of FindProtected.
FindProtected is an effective security program that allows you to search your network for password protected files. With FindProtected, you can properly identify protected files and relocate them if necessary.

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