Podcast: Some truth behind identity theft
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Robert Vamosi talks with data loss expert Dan Geer about identity theft.
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Personal information about Americans is stolen or lost from some government or private computer almost daily, but congressional auditors can link only a few identity thefts to the breaches.
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By James Derk Scripps Howard News Service  Another episode of reader mail hits the books today. Let's get right to it.  Question: I was surprised that my security software was automatically renewed on my credit card without my permission.
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(InfoWorld) - Despite widespread media coverage of data breaches over the past year, identity fraud is actually dropping in the U.S., Javelin Strategy & Research Inc. reported Thursday. In fact, the cost of identity fraud was down 12 percent from Javelin's 2006 survey, at an estimated US$49.3 billion in losses. The number one source of ID fraud? A lost or stolen credit card. "ID fraud is down," said James VanDyke, Javelin's president and founder. "It hasn't been growing for several years, but we hadn't seen it drop." Nationwide, there were about 500,000 fewer victims, according to this year's survey, VanDyke said. Much of the drop can be attributed to improved antifraud practices on the part of consumers and businesses, he said. "Businesses are doing a better job of not granting new accounts [to criminals]," he said. And consumers are also monitoring their account activity more closely and reporting suspicious transactions to the banks much more quickly. Javelin based its findings on 5,000 telephone interviews with U.S residents conducted over three weeks last October. The survey follows a methodology established by the U.S. Federal Trade Commission, which released a similar study back in 2003. The Javelin research was sponsored by CheckFree Corp., Visa USA Inc. and Wells Fargo & Co. The survey's findings are at odds with those of research firm Gartner Inc., which has reported that ID theft is on the rise. But VanDyke says that this is because Javelin's numbers include responses from a wider range of people, including those who lack Internet access. "Thirty percent of people in the U.S. are not on the Internet, and those people have a vastly different way of managing their finances," he said. According to Javelin, there are also important differences between the way rich and poor people react to ID theft, something that VanDyke describes as a "fraud detection digital divide." "The low-income people essentially run away from purchases and they run away from the Internet," Van Dyke said. Affluent people, on the other hand, tend to embrace the Internet as a way to avoid having sensitive data stolen from the mail, and to keep tabs on their account activity, he said. Mail theft accounted for about 9 percent of all ID compromises. That's more victims than data breaches and phishing combined, according to Javelin's numbers. Javelin also found that young adults between the ages of 18 and 24 were at greater risk of ID theft, with more than 5 percent of respondents having been victimized. "They're being haphazard and as a result, they're being victimized," VanDyke said. "They're not protecting their PCs with antivirus software and firewalls.
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Criminals are not the only ones profiting from identity theft; financial institutions are making money, too.
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Â· Defence says key evidence to be heard in secret Â· Murder accused stole identity to raid accounts
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Reports of data theft often conjure up images of malicious hackers breaking into remote databases to filch Social Security numbers, credit card records and other personal information.
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A new study shows that convicted ID thieves often avoid jail time, reveals common methods of ID theft.
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QUINCY, Mass. - John Russo has been a victim of identity theft. So when he was asked to fork over a photo ID just to be seated at an IHOP pancake restaurant, he flipped.
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When it comes to digital data, anyone can find out who you are and what you are doing.
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If your data is stolen, how do you really know that is was? CNET's Robert Vamosi speaks with Verdasys CTO Dan Geer about data theft.
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Eager to get into the identity-theft business? Don't bother breaking into a government employee's house or staking out an unsecured Wi-Fi hotspot. A recent study shows that a simple shopping jaunt on eBay or in a local used-tech store will pay off in personal info over half the time.
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People who use internet networking sites are being warned that they could be at risk of identity theft.
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An Australian pleads guilty to fraud after posing as a dispossessed Nigerian to cheat people of their money. Also: eBay penalizes its own con men & hellip;. Microsoft's legal woes not quite over & hellip;. and more.
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A customer filed a $54 million lawsuit against Best Buy for losing an $1100 laptop she took in for service. The reason, exposure to identity theft.  It's about time vendors were forced to recognize the value of customers' data. I recall how the chief genius at the Apple store in Emeryville complained that they would have to eat the cost of the drive in a deal they made with the manufacturer. Someday they'll have a clue that the data on most drives is worth far more than the hardware, and that their potential liability, if the data ends up in the hands of an identity thief, is also much greater.
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Plus: Are you having an identity crisis? [News.com Extra]
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Things just aren&#39;t going well for Timothy Scott Short. Just days after a pair of tech support calls he made to printer manufacturer Digimarc&#160;resulted in his arrest, he now finds himself on the receiving end of a data breach with his Social Security number and birthdate accidentally made public via the federal court&#39;s Electronic Case Files (ECF) system.It&#39;s an ironic development, because Short, 33, was arrested in connection with the Oct. 5 theft of a Missouri Department of Revenue printer and a PC containing data on as many as 500 state residents.Short&#39;s personal information was discovered by the IDG News Service, listed on a court document called a Criminal Case Cover Sheet, which was publicly available to users of the ECF system. Normally, this document should only be accessible to those involved in the case, but it appears to have been inadvertently made public, according to a clerk with the U.S. District Court for the Eastern District of Missouri, who asked not to be identified because she was not authorized to speak with the press. &quot;It&#39;s something on our side,&quot; she said, adding that technical staff is now looking into the problem.The U.S. Judicial Conference, which sets policy for U.S. courts, has said that this kind of information should be removed from publicly available electronic court records, but actually removing all the sensitive information has proved difficult.&quot;If you went online to various court systems, you could find social security numbers of many individuals,&quot; said Paul Stephens, director of policy and advocacy with the Privacy Rights Clearinghouse. &quot;It&#39;s a really, really difficult question to answer, just because you&#39;re dealing with so many jurisdictions.&quot;Social Security numbers are the building blocks of identity theft crime because they can be used to secure credit cards. &quot;Any time you are placing Social Security numbers online, your are subjecting that person to identity theft,&quot; Stephens said.With the push to make public documents available online, other government databases have had similar problems. Earlier this year, the states of California and Colorado were forced to take their Uniform Commercial Code (UCC) databases offline after privacy advocates pointed out that the Social Security numbers and other data they contained could be misused by identity thieves.Short, however, may have bigger problems to worry about. He&#39;s facing $250,000 in fines and 10 years in prison on charges of possession of &quot;document-making implements&quot; in connection with the theft. He was arrested after U.S. Secret Service Special Agent John Bush recognized his voice in calls placed to a tech support line of the company that makes the stolen printer.&#160;