From my recent posting on Computer World UK (here)
Whenever I hear the phrase “identity theft,” I can only imagine what the late, great Rodney Dangerfield would have made of it: “Some guy in Moldova stole my identity. The FBI said, ‘…and you want it back?’ No respect!”
Despite what seems to be a public fascination with identity theft as the latest innovation in cybercrime, it isn’t really new. Even before the Internet came along, criminals could steal and manipulate identity data by modifying the magnetic strip on the back of a credit card to access a different account than the one listed on the front of the card. This would allow the thief to present a credit card and identification that matched and hope that the employee didn’t actually look at the name on the receipt.