Credit Card Identity Theft Security www.IDTheftSecurity.com

18 Feb 2007 · 1 min

Watch on YouTube

1:18

In this brief video segment, speakers discuss the growing threat of identity theft, emphasizing that lost or stolen credit cards are responsible for about 30% of ID theft cases and represent the most lucrative and hard-to-detect crime. Security expert Robert Siciliano explains that modern technology—high‑resolution scanners, printers, and computers—enables thieves to forge documents, apply for credit in victims’ names, and rack up large bills. The segment also highlights that only a small fraction of identity theft originates from digital avenues: roughly 5% from viruses/spyware, 3% from phishing scams, and less than 1% from online transactions. Siciliano argues that internet banking is actually safer than paper statements, and recommends consumers freeze their credit reports to prevent fraudsters from opening bogus accounts.

Someone is out there living as you and committing crimes as you, and then you're the one that law enforcement's looking for.
Identity under distress. The growing threat of ID theft means more money, more time spent to correct it.
Lost or stolen credit cards account for 30% of identity theft cases. It's the hardest crime to get caught for, and you can make the absolute most amount of money doing it. Security expert Robert Siciliano says with ever more sophisticated computers, scanners, and printers, thieves can They can then easily forge documents, apply for credit in your name, and rack up huge bills.
Someone is out there living as you and committing crimes as you, and then you're the one that law enforcement is looking for.
Surprisingly, just 5% of ID theft comes through computer viruses, spyware, or hackers. Just 3% comes from internet scams phishing for your info, and less than 1% comes through online transactions. This expert says internet banking is actually more secure than getting statements mailed. You're eliminating people and you're eliminating paper. Consumers should also freeze their credit so thieves cannot access their credit report and create a bogus account.
Credit freeze is similar to locking the doors to your car.