The real casualties in this part of it are the individual victims, who suffer a lot when their information is used after it stolen. With the sheer amount of victims out there, some could argue we are facing an identity crisis.
To add to the problem, technology is now also being used to produce high-quality counterfeit documents and financial instruments in places, such as garages. This makes the information being stolen all the more dangerous, or easy to abuse.
Another thing the report addresses is the need for education and that laws need to catch up to the technology we are using. An interesting section at the end of the report highlights the history of modern communication technology. There is little doubt that as technology grows at a rapid pace; it is hard for the legal community to keep up with it.
In the end, in my humble opinion, the study is the first step in a positive direction. We have already seen too many examples of the abuse of technology, which has a lot of potential for good, too! The problem is how to deal with those who abuse it. The good news is that a large part of solution can be achieved by using a little more common sense and the clean slate approach (mentioned in the report) will go a long way towards making this a viable effort. In the end, a responsible balance is the key, and this is what it seems the report seems to be calling for.
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