Online identity theft is a rapidly growing global phenomenon, with banks and online retailers struggling to keep on top of the problem.
But itÂ’s not surprising that identity theft has been growing so quickly.
According to a recent report published in the US by the International Association of Privacy Professionals (IAPP), the Ponemon Institute and EDS, a technology consulting firm, called the Privacy and Identity Management Survey, people still know very little about the risks inherent in disclosing personal information online, or over the phone. Even when the risks are acknowledged, most people are more concerned about convenience than enhanced security. In other words, if you have to do more (inconvenience) to be more secure, then it's unlikely that you will bother....
