This is a story about identity theft and how I discovered my identity had been stolen. Some of the headaches, the endless paperwork and the things I wished I would have known years ago. I am determined to get back to a FICO score above 720

Failures in the Banking System may increase Identity Theft

Posted by Kevin

Not like I don’t have my own issues to deal with but I was reading an article about how there may be a huge increase in Identity Theft because of the Bailout.

Most of the article is about how a downturn in the economy causes people to take more chances and resort to crime. And how the “safest” crimes are identity theft. No gun required to steal a few thousand bucks!

I also feel that as Banks and other financial institutions merge these huge systems that the chance for peoples information to get leaked is much higher. Think of all the machines that have sensitive information and the branches that are closing. What exactly happens to this information?

When people get fired and the branches close who keeps our data private?

http://www.ngrguardiannews.com/business/article01/indexn2_html?pdate=080309&ptitle=Economic%20Downturn:%20Fears%20Over%20ID%20Theft%20As%20Banks%20Restructure

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