The Evolution of Identity Theft and What It Means For Your Business

Identity Theft is a problem on the rise and can impact greatly on both our personal lives and businesses. Some of the biggest news stories within business over the past few years have involved security breaches and the acquisition of millions of customers’ personal details.

As quickly as we are producing new technology and fixing vulnerable patches in existing tech, hackers are searching for new openings. This is the reason that IT security professionals are amongst some of the most sought after people in the world, with demand far outstripping supply.

To deal with the shortage, companies are using new and improved ways to add security to products including collaboration with developers and penetration testers. Some of the biggest companies in the world are turning to communities like Github and asking people to find issues of potential breaches in beta products. It highlights the ingenuity and resourcefulness that companies have to adopt in order to stay ahead of the game.

Identity theft isn’t a new idea, the way in which it is carries out has certainly changed, but as an act in itself, it was first recorded as far back as in the bible. The following infographic from ChargeBacks911 gives a fascinating insight into how identity theft has evolved over the years and how procedures have been put in place to try to tackle the problem. For thousands of years it has taken place and in that same period of time, people have constantly sought to close the gaps in which hackers or identity thief’s are finding their way in.

It seems like this will always be a problem in one form or another and as long as technology evolves, security needs to be kept at the forefront of design in terms of both keeping customer protection safe, and the reputation of your business.


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