Identity Fraud, Part 1: A $45 Billion Snowball
Imagine getting a $45 billion bill without knowing exactly how you ended up with such a big tab. That’s exactly the situation facing Americans struck by identity fraud. In 2007, the misuse of lost and stolen identity information cost $45 billion, an average of $5,574 per incident, according to Javelin Strategy’s 2008 Identity Fraud Survey Report. There’s reason for both consumers and companies to be concerned. Unlike burglary or robbery, it’s not clear to most people how their identities are stolen — and some don’t even know the crime took place.
Read more here:
Identity Fraud, Part 1: A $45 Billion Snowball
Tags: commerce-times, skip, skip-this-advertisement-, this, times, trends, welcome
