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| Tuesday, 19 October 2004 |
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Online identity theft a growing criminal problem in Asia: IDC SINGAPORE, Monday (AFP) Online theft of financial information from individuals has become one of the fastest-growing non-violent crimes in the Asia-Pacific region, technology research house IDC said Monday. Financial identity theft - known as "phishing" - could deter people from engaging in electronic commerce and companies should take steps to protect customers if the online finance industry is to succeed, it said. Phishing involves the use of fradulent emails which trick people into giving away private financial information, such as account numbers and personal identification numbers, allowing fraudsters access to their accounts. "Criminals send out millions of phishing emails everyday with the aim of prompting recipients for their personal and financial information," it said. "This has caused enormous concern among users who transact online," it said. |
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