[pchelpers] News:Lost HMRC data 'worth £1.5bn to criminals'

Andy McCue silicon.com 

Published: 29 Nov 2007 15:52 GMT


The two lost HM Revenue & Customs CDs containing the personal and
financial details of 25 million people could be worth £1.5bn to
criminals.

Liberal Democrat acting leader Vince Cable, speaking in the House of
Commons, said a single stolen identity is worth £60 on the black market.

He said: "We are therefore considering a stock of criminal value of
around £1.5bn, which makes the Brinks Mat robbery the equivalent of
stealing the church collection. An enormous amount remains at stake."

But chancellor of the exchequer Alistair Darling said: "The police
inform me that they still have no evidence or intelligence that this
data has fallen into the wrong hands and no evidence of fraud or
criminal activity."

More here:
http://news.zdnet.co.uk/security/0,1000000189,39291163,00.htm
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