article_snippet.sent: If you live in the UK or US you can expect to have already been hacked – at least according to Conman who inspired Spielberg film turned fraud prevention expert whose escapades inspired Catch Me If You Can.
article_snippet.sent: Frank Abagnale (right) has called the constant effort by security companies to stay ahead of hackers a ‘battle’, saying it is always necessary to be thinking a move ahead of the fraudsters.
article_snippet.sent: Mr Abagnale explained these kinds of cases were not the work of some mastermind fraudster but more often than not down to employees simply not following proper procedure.
article_snippet.sent: Because fraudsters will sit on stolen information for drawn-out periods of time, people are normally hacked two or three years before people identity is stolen.
article_snippet.sent: However the typical reaction is to assume the theft is recent, Mr Abagnale explained.
article_snippet.sent: ,’ adding that changes in technology always open the door to crime.
article_snippet.sent: Steven Speilberg said the amount of money lost to fraud was ‘beyond the imagination’.
article_snippet.sent: Medicaid, Mr Abagnale said, and Meidcare, the two U.S. healthcare assistance programmes, pay out more than $100 billion in fraudulent claims every year.
highlights_snippet.sent: Fraud expert calls level of theft 'unimaginable' in the technological age .