In an article referencing the Talvest Mutual Funds data breach from the Montreal Gazette, this was the quote…
Phil Levi, a local forensic and investigative accountant, says criminals typically act quickly in cases of identity theft, usually within 48 hours of obtaining the information.
“With these fraudsters, it’s hit and run.”
I’m sorry to be rude, but what the heck is this guy talking about?
According to this article, 470,000 people’s information was compromised.
I’ve NEVER seen a study which says that large databases of information become less valuable over time, or that criminals use the information right away. And I COMPLETELY disagree with this expert’s assessment.