Measuring Identity Theft Risks – More About Identity Theft KPIS
On April 27 2007 the Associated Press reported that the Caterpillar Corporation of Peoria, IL had been the victim of massive identity theft. The theft came in the form a stolen laptop containing employee information. Caterpillar employs over 90,000 people worldwide. All of them, in that instant, became potential victims of massive Identity Theft. The potential cost of that Identity Theft could be in the millions of dollars. The result? On the day the theft was announced Caterpillar’s shares rose 76 cents on the NYSE.
Depending on which source one listens to the number of incidents of Identity Theft range from 100 million to over 300 million every year and the problem is increasing. Now, the previous sentence is filled with qualifiers, uncertainties and suppositions… and that is part of the problem. It is almost impossible to determine the severity of the problem of Identity Theft. One of the major difficulties in determining the severity of the problem is that a significant number of incidents of Identity Theft, some experts say even the majority, goes unreported.
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