A Wired commentary reports on details loss in 2007, and the numbers aren’t good. Credit card and social protection theft was at an all-time high, with even more losses expected in 2008. knowledge thieves, it seems, are just one step ahead of IT defense. “While companies, government agencies, schools and other institutions are spending more to protect ever-increasing volumes of input with more sophisticated firewalls and encryption, the investment often is too little

too late. ‘More of them are experiencing goods breaches, and they’re responding to them in a reactive way, rather than proactively looking at the company’s safety measure and seeing where the holes might be,’ said Linda Foley, who founded the San Diego-based Identity Theft Resource Center after becoming an identity theft victim herself.”

Read more of that story at Slashdot.

Orginal post by Zonk