Home Equity ID Theft Ring Points To A Bigger Problem - Page 3

There probably won't be any effort to change call forwarding, or caller ID spoofing as it is a lucrative income stream for telecom businesses.

You would think as long as we are in a world-class financial crisis, we might begin to wake up and smell the coffee? Although, we can't blame fraud as the cause of the entire crisis, I often wonder how much of a contributing factor it is. We've made identity theft too easy to do and hard to control. The people who committed this latest form of identity theft probably aren't the sharpest tools in the shed. They are just taking advantage of other people making a lot of money by making too much information available and not protecting it.

If you look in the mirror you might get an idea who suffers from this seeming inability to fix a growing problem. Even if you aren't victimized, we all pay for it in the end — either in an organization's expense line or in the form of a government bail-out.

I'll close with a with an interesting satire written by Phillip Maddocks, which came out in the Norwich Bulletin entitled, "Credit card fraud gangs say they can fix economy but need government loan." This satire is about the heads of several credit card gangs who are seeking a government handout to keep credit card fraud alive because it is beneficial to the economy.

Although this is a satire — it has a ring of truth to it!

Unfortunately, we allow a lot of dumb things to continue because someone thinks it is beneficial to the economy.

Article Author: Ed Dickson

Having worked around financial crimes for a number of years, I noticed they seemed to be on the rise. One reason for this is technology, which grows more rapidly than laws designed to protect us from it. …

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