October 25, 2004

The New York Times > Business > Your Money > Identity Theft Is Epidemic. Can It Be Stopped?

An excellent article on identity theft. Below is the really scary part!

"Last year, Dr. Collins completed a study of more than 1,000 identity theft cases from 1999 to 2002, the results of which she plans to publish soon. She said the report would indicate that about 5 percent of the crimes examined were linked to known or suspected terrorists.

Law enforcement officials say they believe that members of the Irish Republican Army and terrorists involved in the foiled plot to bomb Los Angeles International Airport relied heavily on identity theft schemes to finance their operations. Operation Web Snare, a Justice Department investigation of cybercrimes that was begun last summer, found possible links between identity theft and terrorism financing, according to a government report on the investigation."

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