Data Breaches and Identity Theft
نویسندگان
چکیده
منابع مشابه
Data Breaches and Identity Theft
This paper presents a monetary-theoretic model to study the implications of networks’ collection of personal identifying data and data security on each other’s incidence and costs of identity theft. To facilitate trade, agents join clubs (networks) that compile and secure data. Too much data collection and too little security arise in equilibrium with noncooperative networks compared with the e...
متن کاملData Breaches and Identity Theft: When is Mandatory Disclosure Optimal?
In order to reduce identity theft and consumer loss caused by data breaches, many U.S. states have enacted laws requiring firms to notify individuals when their personal information has been stolen or lost. The effect of these disclosure laws has yet to be rigorously tested, and some claim that they only serve to burden firms and consumers with unnecessary costs. Leveraging the economic analysi...
متن کاملDo Data Breaches Disclosure Laws Reduce Identity Theft?
Identity theft resulted in corporate and consumer losses of $56 billion dollars in 2005, with about 30% of known identity thefts caused by corporate data breaches. Many US states have responded by adopting data breach disclosure laws that require firms to notify consumers if their personal information has been lost or stolen. While the laws are expected to reduce identity theft, their full effe...
متن کاملIdentity Theft
On February 7, 2005, the Federal Trade Commission reported that at least 10 million Americans are affected by identity (ID) theft each year[7]. The US Department of Justice defines identity theft as ”all types of crime in which someone wrongfully obtains and uses another person’s personal data in some way that involves fraud or deception, typically for economic gain[17].” ID thieves target any ...
متن کاملCredit and Identity Theft
The quintessential crime of the information age is identity theft, the malicious use of personal identifying data. In this paper we model “identity” and its use in credit transactions. Various types of identity theft occur in equilibrium, including “new account fraud,” “existing account fraud,” and “friendly fraud.” The equilibrium incidence of identity theft represents a tradeoff between a des...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2008
ISSN: 1556-5068
DOI: 10.2139/ssrn.1296131