Increase in Identity Theft Reports

McAfee reports a dramatic increase in computerand individuals throughout the world. In the US, the
security breaches leading to the loss, or potential loss,annual cost to the overall economy is a staggering $50
of sensitive personal data. Research suggests that thebillion and at least $3.2 billion is lost in the UK each year.
numbers of key loggers, for example, has increasedOther countries have similar tales of woe, with the
two and a half times in just over two years.most prosperous nations being victims of more
What is a key logger? This is code that is put ontoconcentrated targeting.
your computer without your knowledge and consent,Everyone is a potential victim. No longer can it be
and that tracks and records your keystrokes - andassumed that it is a crime that someone else falls
that means ALL keystrokes including your personalvictim to. The figures speak for themselves but
data, financial details and passwords. It is powerfuldisguise the personal devastation faced by identity
software designed with malicious intent - to steal fromtheft victims.
you.But there are methods to reduce the risk - many of
You can add to this the increase in the number ofthem very simple, straightforward and sensible.
"phishing" and an increasing number of "pharming"McAfee provides a sensible guide in the form of "tips"
alerts, mainly conducted via email scams.to help us avoid being potential victims. Developing an
Identity theft is not benign and exerts a powerful andincreased awareness, according to McAfee, is the
economically significant burden amongst businessesbest first policy.