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Most identity theft is low-tech

When Chad Jones applied for a home mortgage four years ago, he was told something he didn’t expect — that there were "too many marks" on his credit.

Jones’ credit report showed that he had more than $2,000 unpaid in utility bills at places he had never lived. His mother, with whom he had a falling out, had been putting the charges in his name without his knowledge.

"My own mother," said Jones, who now lives in Ramsey, Minn. "I didn’t know what to say." (Attempts to reach his mother last week were unsuccessful.)

Last week’s discovery of a security breach at CardSystems Solutions, an Atlanta-based transaction processor, that exposed information from 40 million credit accounts, has put the spotlight on high-tech online fraud and identity theft. That scenario is still playing out across the globe, with the Japan Times reporting Tuesday that at least 30 Japanese credit card holders have been hit with fraudulent transactions because of the breach.

By SE YOUNG LEE
Minneapolis Star Tribune

Full Story: http://www.casperstartribune.net/articles/2005/06/26/news/business/c4f4db2574e103198725702b00742c28.txt

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