The Infamous History Of Identity Theft
The history of identity theft is rather young but still tells us an interesting story about piracy and theft!
Before the age of technology, most thieves had to work hard to make a living -- they actually had to go out and grab their stolen wares. But the birth of technology has opened up the way for a new type of thievery -- a type that has become the fastest growing crime... identity theft.
Identity Theft... The Dawn Of Technology
The history of identity theft took a dramatic turn at about the same time that the free exchange of personal information became prevalent through the use of computers and electronics during the 1990s.
This new technology made it easier for us to make purchases globally and to secure credit. But it also made it easier for our personal information to fall into the wrong hands through online pirating schemes, causing us to realize we had to guard privacy against these dupes.
The History Of Identity Theft... How Governments Have Responded
It has taken government agencies a while to catch on to the potential dangers associated with identity theft. While they were slow to react in the past, the course that the history of identity theft has taken has made ID fraud a crime that cannot be ignored.
In 1998, a change in US government attitude toward identity theft became apparent when Congress adopted the Identity Theft and Assumption Act. This legislation gives federal agencies, such as the US Secret Service, FBI and the US Postal Inspection Service, power to investigate suspected ID fraud cases.
This act laid the groundwork for more legislation to follow. Laws such as the Fair Credit Billing Act, the Electronic Fund Transfer Act and others like them have all been put in place to protect the consumer. But the crime of identity theft is not slowing down as its history has shown.
The History Of Identity Theft... The Biggest Case In History
Close examination of the history of identity theft in the US reveals a shocking case that has come to be known as the biggest identity theft case in the US.
The history of this identity theft case began in 2001 when Philip Cummings, a help desk worker at Teledata Communications in Long Island, sold private passwords of customers. This enabled the buyers to download credit reports on more than 30,000 unsuspecting victims. When the case was closed in 2004, it was estimated that 2.7 million dollars had been stolen from victims.
Far from being a rare occurrence, cases like these can and will happen. While it may be difficult to calculate when and how these schemes will strike, we can protect ourselves and guard privacy by learning all we can from the history of identity theft, including how to safeguard our good name.
The following are articles that will aid us in our quest...
The History Of Identity Theft... Supporting Articles