From Homeland Security:At a time of unprecedented financial volatility, protecting transactions has taken on new importance—and developers are trying to stay one step ahead of savvy criminals and terrorists.
As governments shore up their financial institutions in the wake of October’s meltdown, securing the transactions that are the lifeblood of the global economic system is even more crucial than in the past. Fraud, identity theft, security breaches and a wide variety of scams are all threats to the economy, especially in perilous and volatile times.
Identity theft is one of the most pernicious crimes against consumers and undermines grassroots faith in banking institutions, especially if victims blame banks for the fraud committed by criminals outside the institution.
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My Comment: There are more victims from identity theft .... and its impact is greater .... than what the war on terror has produced.
