Keith Mularski, a.k.a. Master Splynter, gives an account of how he helped authorities bust an ID theft crime ring by working undercover as an administrator for the online fraud site DarkMarket
Privacy officials have welcomed a proposed legislation that would give law enforcement a better arsenal of tools to go after fraudsters and identity thieves, but cautioned the statute alone will not eradicate the increasing problem of identity theft.
Not only is identity theft becoming more common in Canada, it would appear that the U.S. is ahead of Canada with respect to tackling the problem. A recent cross-country survey reveals that nearly one in 15 Canadians has been a victim of the crime and one in six knows someone who has been victimized by ID thieves.
Just days after confirming that information on about 60,000 of its customers had been stolen by an identity-theft ring, Bank of America Corp. in late May announced plans to tighten security for its online banking customers.