Measuring Identity Theft Risks With Identity Theft Metrics

| Total Words: 478

An everyday scenario: A man on a business trip stops at an Airport ATM and takes out $100.00 before catching his connecting flight. When he arrives at his hotel to check in not just one but all of his credit cards are declined. He has just become one of millions of victims of Identity Theft.

One of the problems in combating this increasingly common crime is that there is a very good chance that this theft will never be reported. The business man will call the the credit card company who will realize that he and they have been a victim of “skimming” which is where thieves insert a device into an ATM designed to steal personal information. They will cancel the man’s credit cards, courier replacement cards to him and write off the losses as the cost of doing business. They will want to keep the matter as confidential as possible both to protect the man’s interest and to protect their own reputation.

Everyone knows the importance of doing the basic things to protect against Identity Theft. Cover your hands when entering PIN numbers. Change your passwords frequently and don’t use obvious ones. Don’t write your passwords down where...

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