Identity Theft Surge Likely to Create Multiple Employment Opportunities in IT Security

A recent survey conducted by the United Statessecurity positions within the field will become harder to
Department of Justice indicates that identity theft isfill in the upcoming years. As IT security is a constantly
indeed on the rise. Affecting millions of households inevolving milieu, the need for well trained, competent
the U.S each year, identity theft costs have nowsystems management professionals is likely to extend
soared well above $6 billion per year. The studyinto other sectors of information security as well. Not
confirms that roughly three percent of all U.S.only are individuals at risk, institutions have also lost
households experienced some sort of ID theft duringmillions of dollars due to inadequate information security
the first half of the calendar year 2004. While thisprotocols.
particular method of illegally obtaining personalFor those seeking a career opportunity, database
information for the purpose of financial gain onlysecurity may represent one of the safest bets for
accounts for a percentage of the total losses resultingfuture job security. According to the United States
from identity theft, it represents an undermining of theDepartment of Labor, "Employment (for computer
online banking systems that many financial institutionssecurity specialists) is expected to increase much
have undertaken great expense to implement.faster than the average as organizations continue to
Countering the surge in identity theft, many bankingadopt increasingly sophisticated technologies". While
firms and other lenders are relying on an influx ofthe future technologies implemented to effectively
recent and future graduates of IT security degreecounter identity theft are unknown at this time, the
programs to spearhead efforts to thwart would beneed for qualified security personnel is an almost
offenders who seek to commit criminal activity throughcertainty. In a world where cyber crime is steadily
electronic means. Whether the supply of IT securityrising, one can only hope that the professionals needed
professionals is able to meet the current and futureto design and implement advanced security measures
demands of the marketplace, however, is unknown.needed to combat identity theft will be available to
With identity theft and other data loss concernsprotect the resources of consumers and institutions
becoming more commonplace in the informationalike.
technology sector, an increased likelihood exists that