Online Identity Theft is hyped

While keylogging software, phishing e-mails that impersonate official bank messages and hackers who break into customer databases may dominate headlines, more than 90% of identity fraud starts with stolen bank statements, misplaced passwords or other off line methods.  While thieves usually turn to the Internet to access existing bank, phone or brokerage accounts or to create new ones with the stolen information, in only one out of 10 of those incidents was the theft of the personal data done over the Internet.