12-19-2005, 10:59 AM
Quote:ID theft has shaken consumer confidence in electronic commerce; although only a fraction of ID theft occurs online, there is a growing (mis)perception that e-commerce is inherently insecure.
In addition, the apparent lack of due diligence exercised by ChoicePoint and other so-called data brokers has broken the public trust and fostered a belief that businesses do not handle consumer information in a responsible manner.
full article: http://www.s-ox.com/news/detail.cfm?articleID=1406
Article covers the effect identity theft has on businesses: Corporate Identity Theft, Loss of Critical Business Information, Loss of Brand Value, Transforming data security into business opportunity