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Nearly two thirds of stolen personal data is used to open a new credit line in victims names, according to a survey by Identity Theft Resource Center. Charges made to such accounts ranged from between $50 and $500,000 and, in aggregate, increased 78 percent between 2004 and 2006. In 27 percent of the cases, ID thieves used stolen information to make charges to the victims existing credit-card accounts.
Maybe they can take it with em. HSBC has unveiled a borderless bank relationship. For the first time, claims HSBC Premier, customers can take their accounts, credit history and banking relationships wherever they choose to live and work across the globe. Consumers can pre-open overseas accounts, transfer credit history, see a single Internet view of all HSBC accounts, ...
Source: HighBeam Research, Noted and Noteworthy.