Bank fraud risk from ID theft

security       2003-03-07 
Enterprising crooks are pulling off multi-million pound bank frauds using the same tactics deployed in stealing credit card details, investigators have warned.
Moreover, the increasing focus on "knowing your customer" - identifying who really owns a bank account - when the account is opened could be cutting into checks and balances further down the line.
Scammers have long used discarded credit card information - receipts, junk mail card offers and so on - to steal from cardholders or to help in other kinds of identity theft-related crime.
But according to the International Chamber of Commerce's Commercial Crime Bureau, similar techniques have made millions for con artists who know how to manipulate the way banks work.