ID theft costs banks $1 billion a year Report: There's no way to positively identify new customers
By Bob Sullivan MSNBC March 26 ? Banks lost at least $1 billion to identity thieves last year, according to a report issued Tuesday by TowerGroup Inc. While only an estimate, it is one of the first attempts to put a detailed price tag on what has been called the nation's fastest growing crime. What's more, the report asserts, banks have no way of telling whether new customers applying for a loan or credit card are actually who they say they are. ... snip ... -- Internet trivia, 20th anv: http://www.garlic.com/~lynn/rfcietff.htm
