This is all very interesting, but what does the *terminology* of "identity theft... | Hacker News

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mikeash on March 10, 2014 | parent | context | favorite | on: Mark Karpeles' blog hacked

This is all very interesting, but what does the terminology of "identity theft" have to do with any of it?

dredmorbius on March 11, 2014 [–]

It's not that "my identity has been stolen". It's that financial institutions (and others) have established procedures for freely creating binding obligations in my name on the flimsiest of actual evidence. It's fraud, enabled by financial institution's weak procedures.

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