Grand Theft Identity -- Plus A Big Bonus
from the fun-for-everyone dept
theodp writes "The fast-growing $53 billion a year identity theft industry gets the cover of this week's Newsweek. ID thieves, who pay as little as $200 for 300 credit cards, may have less than a 1 in 700 chance of being convicted. Also disturbing is corporate America's response to the problem. After Checkpoint sold the financial secrets of 145,000 consumers to con artists, its CEO still got a $1.8 million performance bonus. And the billion-dollar industry that has emerged to sell people protection against data theft is run by some of the same folks that fail to protect the info in the first place." If you hadn't realized, it's all a big scam. The people who created the problem got rewarded for it, and are now making big money pretending to fix the problem -- and, yet, nothing actually changes.