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Solving identity theft bruce schneier forbes january 22, 2007 identity theft is the information age's new crime a criminal collects enough personal data on the victim to impersonate him to banks, credit card companies and other financial institutions then he racks up debt in the victim's name, collects the cash and disappears. Abstract: this essay gives us brief information criminology and further discusses about the crime of identity theft it also states that who can become the victim of.