The identity theft arms race

I remember when I was about 10 years old and some friends of my parents went to Thailand for a holiday. They were reasonably well off – he was an accountant with one of the big firms and she wore fabulous faux-fur coats (back when killing animals to satisfy hedonistic pleasures was still considered uncool). So you can imagine their embarrassment when, a month or so later, their credit card was declined when they were attempting to pay for dinner with friends! Read more