Why Steal Identities When You Can Make Them Up Completely?
from the ah,-the-new-fraud dept
While all of the attention these days is on identity theft, that may not be the biggest problem for some banks. One of the downsides to identity theft for crooks these days is that victims might notice their identity is being misused, ruining a perfectly nasty scam. So, instead, crooks are increasingly just making up identities. Since banks are so desperate for customers, they're not checking that carefully. The crooks keep up the charade for a while, making the customer look perfectly legitimate until they can get credit cards... and then go on a spending spree that never gets paid back.Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.
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