Identity theft on the wane

An 11.5 percent decline to $49.3 billion lost may reflect increased vigilance among consumers and businesses, study shows.

The story "Identity theft on the wane" published February 1, 2007 at 5:41 AM is no longer available on CNET News.

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[MD525]

But lapses aren't...

This is so misleading, The article explains that only some numbers are down but It's important to look at the number of people hit by security breaches.

Look at all the money spent to prevent ID theft, namely that which has been spent by colleges, banks, healthcare groups and what not for the money they used to track identity theft of clients. It is good new measures have stunted the actual numbers in identity theft but the aim should be the release of information not the misuse of information.

[wbenton]

Money Spent Protecting means nothing...

Money spent protecting means nothing when you have those whom spend zilch protecting their data and whom are gullible enough to click on anything and everything that says they won the Lottery or on any phished site that says their account has been accidentally deleted and thus asking them to input their credit card info again.

Money spent on protection vs how much actually that spent money provided is one thing... but most of the thefts which have been occuring are not those whom have spent money for protection... it's due to lax security standards, lax accountability and lax over all general protection policies that is the missing link.

Yes the numbers are misleading, but they're misleading for several reasons:

1) They only report the amount known... and thus the as of yet undiscovered amount has not yet been tallied in as they're unaware of it.

2) They report it being down from 2005, but just barely.

Remember all the reports about data theft in 2006? And those occurred after all the ones in 2005... which occurred after all the ones in 2004 and 2003 and 2002 and 2001...

WAKE UP PEOPLE... the writing is on the wall!

Cheap security won't cut it... and a security budget of only $0.00 to $100.00 won't cut it either. And leaving such critical security policies, decisions and budgets up to amatures won't cut it either.

The hackers are ALL OVER... JUST READ THE NEWS... anybody who reads and ignores... only shows their ignorance... and they WILL have their data stolen in the future!

Walt

[MD525]

But lapses aren't...

This is so misleading, The article explains that only some numbers are down but It's important to look at the number of people hit by security breaches.

Look at all the money spent to prevent ID theft, namely that which has been spent by colleges, banks, healthcare groups and what not for the money they used to track identity theft of clients. It is good new measures have stunted the actual numbers in identity theft but the aim should be the release of information not the misuse of information.

[wbenton]

Money Spent Protecting means nothing...

Money spent protecting means nothing when you have those whom spend zilch protecting their data and whom are gullible enough to click on anything and everything that says they won the Lottery or on any phished site that says their account has been accidentally deleted and thus asking them to input their credit card info again.

Money spent on protection vs how much actually that spent money provided is one thing... but most of the thefts which have been occuring are not those whom have spent money for protection... it's due to lax security standards, lax accountability and lax over all general protection policies that is the missing link.

Yes the numbers are misleading, but they're misleading for several reasons:

1) They only report the amount known... and thus the as of yet undiscovered amount has not yet been tallied in as they're unaware of it.

2) They report it being down from 2005, but just barely.

Remember all the reports about data theft in 2006? And those occurred after all the ones in 2005... which occurred after all the ones in 2004 and 2003 and 2002 and 2001...

WAKE UP PEOPLE... the writing is on the wall!

Cheap security won't cut it... and a security budget of only $0.00 to $100.00 won't cut it either. And leaving such critical security policies, decisions and budgets up to amatures won't cut it either.

The hackers are ALL OVER... JUST READ THE NEWS... anybody who reads and ignores... only shows their ignorance... and they WILL have their data stolen in the future!

Walt

[wbenton]

Still a big problem

Regardless of whether it's $49.3 billion or $55.7 billion... and regardless of whether it's up from the previous year or down from the previous year...

The total lump sum amount is still $48 billion to $55 Billion TOO LARGE!

The figures didn't say what percentage was from phishing theft and what percentage was from personal information theft via other means, but regardless... they BOTH SHOULD NOT BE OCCURING... especially after ALL the news about the thefts.

People continue to click on just about anything and companies don't protect the data the way they should.

We ARE our OWN WEAKEST LINK!

We Shouldn't be... we need not be... but we ARE!!!

If $49-$55 billion losses doesn't stop it ASAP... it WILL inflate to $128 Billion or more in the future... even though 2006's figures are down just ever so slightly from 2005's figures... It doesn't mean that the downward trend will continue.

$49-$55 billion is a VERY LUCRATIVE BUSINESS!!!

FWIW

[wbenton]

Still a big problem

Regardless of whether it's $49.3 billion or $55.7 billion... and regardless of whether it's up from the previous year or down from the previous year...

The total lump sum amount is still $48 billion to $55 Billion TOO LARGE!

The figures didn't say what percentage was from phishing theft and what percentage was from personal information theft via other means, but regardless... they BOTH SHOULD NOT BE OCCURING... especially after ALL the news about the thefts.

People continue to click on just about anything and companies don't protect the data the way they should.

We ARE our OWN WEAKEST LINK!

We Shouldn't be... we need not be... but we ARE!!!

If $49-$55 billion losses doesn't stop it ASAP... it WILL inflate to $128 Billion or more in the future... even though 2006's figures are down just ever so slightly from 2005's figures... It doesn't mean that the downward trend will continue.

$49-$55 billion is a VERY LUCRATIVE BUSINESS!!!

FWIW

[Abdul Tawala Ibn Ali Ali]

Going down is very, well, misleading since levels were so high.

Update to ID Theft Protection Marketplace? USA

IDPixie LLC CEO, Mr. Abdul Tawala Ibn Ali Alishtari, has a solution the FFIEC needs for top level of US authentication under NIST standards. IDPixie LLC products take ID offline via wireless or using an offline device. IDPixie LLC?s team developed the best way to get royalties while serving the 4 trillion swipes of credit or debit cards in the USA in 2007. This product takes private ID off the Internet by using single use credit card numbers plus external devices. Thus, whomever else does this is in violation of patent.

IDPixie LLC owns EDI Secure LLLP that in 2003 was granted by the US a patent to keep private ID off the Internet. That means every time a debit or credit card is swiped, IDPixie LLC can legally charge 25 cents or more to protect US bank depositors regardless of who does it like major banks or card suppliers. This means 4 trillion US swipes a year equals $1 trillion USD per year income. All banks are taking ID off the Internet by FFIEC mandate in 2007. So even if they violate the patent, they must pay IDPixie LLC eventually in the billions of dollars USD.

Wall Street gurus went crazy over this. IDPixie LLC offers from investors for over $100 million USD to steal the company. Mr. Alishtari built bank security systems in six nations and the Caribbean. His family advised 4 US Presidents. He fended off hostile investors and attempts to destroy value to trying to force a sale but IDPixie LLC is intact.

If IDPixie LLC only gets 20% market collection and protection while owning US patent for the next 16 1/2 years, that generates $250 billion within 5 years gross per year. This is not an investment offer nor is it an offer for securities in areas or regions where such bans apply. It is only an update to company progress and protections since 2003.

This is IDPixie LLC?s exclusive royalty is granted by the United States Patent Trademark Office, USPTO. The same technicians who built platforms to all US standards in 2000 build this platform. We utilize a closely held patent, granted to EDI Secure LLLP and now assigned to IDPixie LLC on the single use credit card number using an offline device. This patents was granted in July 22, 2003 to a predecessor company now owned by IDPixie LLC. That patent number is US 6,598.031 B1 to Mr. Jeffrey Ice, Inventor, for "APPARATUS AND METHOD FOR ROUTING ENCRYPTED TRANSACTION CARD IDENTIFYING DATA THROUGH A PUBLIC TELEPHONE NETWORK" i.e. Internet, phones or any electronic medium in the US of A.

My Pledge

I, Mr. Abdul Tawala Ibn Ali Alishtari, pledge my Foundation to halt child slavery activities including my charity, the Global Peace Film Festival, Inc., at www.peacefilmfest.org. I pledge moral support of legal, peaceful activities and my non-profit gifts offshore, onshore and globally, primarily with philanthropy from my personal investment to help halt all fraud, violence and scams hurting innocent children, women and families so help me God.

Sincerely

Abdul Tawala Ibn Ali Alishtari

[Abdul Tawala Ibn Ali Ali]

Going down is very, well, misleading since levels were so high.

Update to ID Theft Protection Marketplace? USA

IDPixie LLC CEO, Mr. Abdul Tawala Ibn Ali Alishtari, has a solution the FFIEC needs for top level of US authentication under NIST standards. IDPixie LLC products take ID offline via wireless or using an offline device. IDPixie LLC?s team developed the best way to get royalties while serving the 4 trillion swipes of credit or debit cards in the USA in 2007. This product takes private ID off the Internet by using single use credit card numbers plus external devices. Thus, whomever else does this is in violation of patent.

IDPixie LLC owns EDI Secure LLLP that in 2003 was granted by the US a patent to keep private ID off the Internet. That means every time a debit or credit card is swiped, IDPixie LLC can legally charge 25 cents or more to protect US bank depositors regardless of who does it like major banks or card suppliers. This means 4 trillion US swipes a year equals $1 trillion USD per year income. All banks are taking ID off the Internet by FFIEC mandate in 2007. So even if they violate the patent, they must pay IDPixie LLC eventually in the billions of dollars USD.

Wall Street gurus went crazy over this. IDPixie LLC offers from investors for over $100 million USD to steal the company. Mr. Alishtari built bank security systems in six nations and the Caribbean. His family advised 4 US Presidents. He fended off hostile investors and attempts to destroy value to trying to force a sale but IDPixie LLC is intact.

If IDPixie LLC only gets 20% market collection and protection while owning US patent for the next 16 1/2 years, that generates $250 billion within 5 years gross per year. This is not an investment offer nor is it an offer for securities in areas or regions where such bans apply. It is only an update to company progress and protections since 2003.

This is IDPixie LLC?s exclusive royalty is granted by the United States Patent Trademark Office, USPTO. The same technicians who built platforms to all US standards in 2000 build this platform. We utilize a closely held patent, granted to EDI Secure LLLP and now assigned to IDPixie LLC on the single use credit card number using an offline device. This patents was granted in July 22, 2003 to a predecessor company now owned by IDPixie LLC. That patent number is US 6,598.031 B1 to Mr. Jeffrey Ice, Inventor, for "APPARATUS AND METHOD FOR ROUTING ENCRYPTED TRANSACTION CARD IDENTIFYING DATA THROUGH A PUBLIC TELEPHONE NETWORK" i.e. Internet, phones or any electronic medium in the US of A.

My Pledge

I, Mr. Abdul Tawala Ibn Ali Alishtari, pledge my Foundation to halt child slavery activities including my charity, the Global Peace Film Festival, Inc., at www.peacefilmfest.org. I pledge moral support of legal, peaceful activities and my non-profit gifts offshore, onshore and globally, primarily with philanthropy from my personal investment to help halt all fraud, violence and scams hurting innocent children, women and families so help me God.

Sincerely

Abdul Tawala Ibn Ali Alishtari