Conference Paper

Credit and identity theft


Abstract: The quintessential crime of the information age is identity theft, the malicious use of personal identifying data. In this paper, the authors present a model of identities and their use in credit transactions. The incidence of identity theft represents a tradeoff between a desire to avoid costly and/or invasive monitoring of individuals on the one hand, and the need to control transaction fraud on the other. The results suggest that technological advances will not eliminate this tradeoff.

Keywords: Identity theft; Payment systems;

Status: Published in Consumer behavior and payment choice: how and why do consumers choose their payment methods? (2005: October 27-28)

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Provider: Federal Reserve Bank of Boston

Part of Series: Conference Series ; [Proceedings]

Publication Date: 2005