A friend of mine had his account skimmed of 50$ once a month for 3 years. This was 15 years ago before this whole thing was on people's minds so he never noticed. The bank gave him his money back but that is a heckuva lot of cash they got from him (and how knows how many others).

I've also had my identity stolen and that was the worst nightmare I've ever had to go through. In Canada, no one believes you for the first few months and you have to get affadavit after affadavit after affadavit to prove who you are and that you had nothing to do with the fraud. It is nuts. The American banks were very easy to deal with however, and we cleared most of the problems up over the phone and a couple of faxes. I guess it is more common down there? Here, even a seemingly simple thing like changing your SI number takes months. I wouldn't wish this kind of problem on my worst enemy.