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Where Identity Theft Originates

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There was an article in the Boston Globe on March 25, 2007 by Brenda Buote, discussing the fact that although computer breaches such as the one at TJ MAXX grab headlines, the majority of identity thieves choose to go about their work by using low-tech methods such as dumpster-diving.

The article says that according to a Federal Trade Commission study, an estimated 50 to 70 percent of reported identity theft cases can be traced back to residential trashcans and commercial dumpsters.

The article reports that identity thieves are choosing low-tech methods such as dumpster diving because discarded paperwork such as job applications and medical records offer a treasure trove of information that can be used to commit credit card fraud, create counterfeit checks, or secure a job.

The article also ties the increase in Identity Theft to the use of secure destruction services.

Click here to go to the entire article.