Online identity theft is up 300%
Experian, who now seem to like checking who is up to no good online, have said that fraudulent swine have exchanged 12 million pieces of personal information in the first quarter of 2012 which is a whopping increase of 300% since 2010.
According to their findings, victims of identity theft experience refusal of loans or credit cards (14%), debts being run up in their name (9%), refusal of mobile contracts (7%), and being chased by debt collectors for money they do not owe (7%).
And the increase of identity theft is due to the fact that more people are signing up for things online than they used to. Simple as that really. While we immerse ourselves online more frequently, sadly, we're still as gullible and stupid as we were 2 years ago.
The average person has 26 online accounts, but uses around five different passwords. We'd be interested to see how many people have one password for everything.
Earlier this week, Eric Doerr, group program manager for Microsoft account system (formerly Windows Live ID), said: "This highlights the longstanding security advice to use unique passwords, as criminals have become increasingly sophisticated about taking a list of usernames and passwords from one service and then 'replaying' that list against other major account systems."
"When they find matching passwords they are able to spread their abuse beyond the original account system they attacked."