Identity theft (IT) has been a feature of financial markets for as long as alternatives have existed to cash transactions. But IT has recently occurred on a much larger scale. Data breaches often involve the apparent loss or acknowledged theft of the personal identifying info. of thousands -- or millions -- of people. IT poses risks, not only to individuals, but to the integrity a efficiency of the payment system -- the policies, procedures, a technology that transfer info. for authenticating a settling payments among participants. Either represents a loss of efficiency for the economy. This article looks at the nature of IT today a the factors driving its rapid growth. Also explores whether markets are able to limit the risks IT poses to the payment system. Graphs.CONDOMINIUM FEE The data on condominium fee were obtained from questionnaire item H25, which was asked at owner-occupied condominiums. This item was asked on a sample basis. A condominium fee normally is charged monthly toanbsp;...
|Title||:||Risks of Identity Theft: Can the Market Protect the Payment System|
|Author||:||Stacey L. Schreft|
|Publisher||:||DIANE Publishing - 2008-05|