Re: Comment: Hacking is not terrorism

[InfoSec News <isn () c4i org>]

Forwarded from: John Ellingson <JohnE37179 () aol com>

In a message dated 10/31/01 6:07:02 AM, isn () c4i org writes:

<< The question is that where we should draw a line between frauds and
terrorism in hacking.  Should we draw the line at the national
interest level and ignore our identities (after all, it could be just
you and me)? >>

Two of the risks of fraud are that it enables terrorists to operate
with very effective disguises, and widespread identity fraud can
seriously erode confidence in the financial services infrastructure.

Currently about 3.5% of new account openings at US banks have a very
high likelihood of being made by people perpetrating identity fraud.
(Test conducted in January this year.) What happens if that number
becomes 10% or 20%? At the current accelerating growth rate of
identity fraud, these numbers are on the horizon.

John Ellingson
CEO
Edentification, Inc.

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