Electronic Pickpocketing Next Big Threat

October 15, 2014

Identity theft doubled from 2012 to 2013 and police are concerned about “electronic pickpocketing” as organized criminals get smarter and take advantage of weaknesses in Australians’ defenses. A study by financial security firm Veda shows credit application fraud is at its highest level since 2009 in Australia, and the company says the main reason is the growing technical skill and innovation of organised criminals.

Read the entire story about this looming threat.