dentity theft is one of the worst problems on the world wide web today, and it hits banks and customers of banks particularly hard. Bank of America, for example, has experienced dozens of phishing efforts in the Bank of America name, aimed at Bank of America customers, mimicking the Bank of America website, in the past few months alone.

Phishing, hacking, and leaking all lead to identity theft, and some of the worst problems relate to either the real or replicated websites of banks and other financial institutions.

It’s a huge problem, with a huge price tag. Recently it was estimated, for example, that in the State of Oregon alone, identity theft costs Oregonians $5billion annually. Annually!

So banks and other financial institutions are starting to offer identity theft protection. But they are charging their customers $9.95 to $15.00 per month for this protection. For protection from leaks and hacks which are often - not always, but often - caused by the lax security and procedures of the institutions themselves. Or for their failure to provide a way for customers to be certain that they are at their bank’s website, and not that of a…

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