Bush Signs Identity Theft Bill
President Bush signed a tough new identity theft to mark today, legislation passed by Congress as a response to signs that the problem is growing rapidly, given that more Americans use the Internet purchasing and managing their personal finances.The Identity Theft Penalty Enhancement Act adds two years to prison sentences for criminals with stolen credit card numbers and other personal data for Offending. Any violation of the latter, to use these data to compel the “terrorist offences” would have received five years.
“Like other forms of stealing, identity theft leaves the victim poorer and feeling terribly injured,” said Bush at the White House today a signing ceremony. “The damage can quickly criminal of a person’s life efforts of establishing a good credit worthiness.
Rep. John Carter (R-Texas), Bill’s sponsor, said the signing is “one of recordings in a battle that we have to win.”
“It is a crime that we need serious and address, both for the credit protection of American citizens and the protection of national security,” said Carter.
The identity theft on a ranking of the list of consumer deception, complaints should be directed to the Federal Trade Commission in 2003 represent more than half of the complaints, followed by the Agency. The FTC recorded 214905 cases of impersonation in 2003, against 161836 in 2002.
In a report published last year, September, the FTC estimates that identity theft claims that 9.9 million victims in 2002, costing businesses and consumers $ 53 billion. The report is based on a telephone survey of more than 4000 adults, estimated that more than 27.3 million Americans victims of identity theft in the past five years.
Phishing victims lost only 1.2 billion dollars to identity theft in connection with the fraud between April 2003 and April 2004 and was three times higher than average Americans, their identity is stolen, after an online survey of 5,000 people in May by Stamford, Conn. .- company Gartner Research. One recent, virulent forms of identity theft on the Internet, “phishing” fraud-online thieves, consumers dupe seizure of personal data on counterfeit banking and e-commerce sites.
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