Identity Theft Up in 2007, while Costs Fall

Identity theft rose to become an annual $48B fraud in 2008 affecting 9.9M people. Fortunately, thanks to many banks, identity theft is being realized sooner, and other efforts to prevent damage are being enacted. The average cost per fraud fell 31% last year to a sum of $496 per identity theft crime. The full AP article can be read here.

February 9, 2009 In: Current Affairs Comments (None)