Link Logger
Premium,MVM
join:2001-03-29
Calgary, AB
 ·Shaw
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Re: One Trillion Dollars and then some
Given that this problem has grown by at least an order of magnitude, it will be interesting to see if anything changes in terms of prevention or reduction. In some cases I don't think anything is going to change as this isn't 'corporate' money (ie it doesn't affect profits), but instead these losses are passed back to the consumer (cost of doing business sort of thing). The thing is there are a lot of consumers and the impact of this is hidden. So is anything go to happen from the corporate/consumer side, I don't think so. As a government knowing there are very well funded 'bad guys' out there, thats a huge problem and we have lots of examples of it in the past (drug cartels buying governments and hence countries to safely operate from etc). Anytime an organization is this well funded its going to be an ugly drawn out afair to get rid them and I don't think we are to that point yet that we are going to confront this issue as I don't think we have the stomach for it yet. So my prediction for 2007 will be another large increase in the cost of identity theft.
There are two key points which everyone should be aware, first even if your not a direct victim of identity theft, you will be paying to cover the consequences never the less. Second, these guys are incredibly funded (I had a rather interesting 'job offer' a couple of years ago which I turned down so I could stay a poor white hat) so attacks are only going to get better in the future.
Blake
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