While that's true, there are two sides to crime. Prevention and Punishment. One happens before, and the other happens after. People are generally fine with punishment. The prevention part is where we disagree. This then poses the question: how many of your children are you willing to sacrifice on the alter of anti-prevention?
So while a punishment might exist for something, that doesn't preclude trying to prevent the crime form occurring in the first place. This isn't easy work, and of course, it won't work 100% of the time, but it doesn't mean we stop trying to reduce the number.
Identity "theft" is corporate responsibility laundering. It is not "theft" it is "lack of safeguards on PII" plus "lack of meaningful, protected PII" combined with "A complete lack of proper vetting of loan / credit applicants"
Someone put the right 10 digits into a webform? What could we do! They stole your identity!
No, you just didn't want to force someone to walk into a bank to apply in person because that would cost more and reduce your new applicant rate.
So while a punishment might exist for something, that doesn't preclude trying to prevent the crime form occurring in the first place. This isn't easy work, and of course, it won't work 100% of the time, but it doesn't mean we stop trying to reduce the number.