Personal Information and Identity Theft
The chance to win theatre tickets is enough to make people give away their identity, reveals a survey.
Of those taking part 92% revealed details such as mother’s maiden name, first school and birth date.
Fraud due to impersonation—commonly called “identity theft”—works for two reasons. One, identity information is easy to obtain. And two, identity information is easy to use to commit fraud.
Studies like this show why attacking the first reason is futile; there are just too many ways to get the information. If we want to reduce the risks associated with identity theft, we have to make identity information less valuable. Too much of our security is based on identity, and it’s not working.