Insider Identity Theft Accounts for 70% of ID Crime
Don’t let the fox guard the hen house. According to "identity theft expert" Robert Siciliano:
"As much as 70 percent of all identity theft is committed by someone with inside access to organizations such as corporations, banks, or government agencies, or by someone who has an existing relationship with the victim. People with access to sensitive personal data are most likely to commit identity theft. For many, it’s just too easy not to."
As an example, Siciliano cites the case of a 27-year-old computer technician at the Bank of New York Mellon, who has been charged with stealing the identities of more than 150 of his coworkers and charging up to $1 million in their names. His tactic was to get new credit cards issued in their names and sent to his own address, according to authorities.
With the Red Flags Rule taking effect, any business that extends credit will need to set up a program to monitor, detect and deter identity theft. To help you do this, Personnel Concepts offers its Workplace Identity Theft Program, which will enable you to stay in compliance with the Red Flags Rule.
Our current economy it tough enough without having to worry about identity theft prevention. But desperate times equals desperate measures and our economy is breeding many desperate people who are turning to white collar crimes.Identity theft is one of those crimes. Statistics show that ID theft is on the rise. With people losing their homes, cars, and jobs, well people are just plain at their wits end and getting desperate. Most individuals wouldn’t ever consider going into a bank waving a hand gun, but they may be more easily persuaded to ‘borrow’ someone’s identity and commit identity theft. As tough and stressful as these times are, it is critical that we guard our identities even more so.