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Identity Theft

Identity Theft
  • Gartner estimates 3.4% of consumers were victims last year (7 Million adults).
  • Prosecution is rare (1 in 700).
  • Survey (May 2003) found victims did not discover crime until …1 year later!
  • Credit card theft and identity theft are viewed the same (11 Million victims of CC fraud).
  • Financial institutions view crime as an expense.
  • Average time to fix…300 hours!
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