TITLE

Identity Theft Still A Growing Problem

PUB. DATE
May 2007
SOURCE
Business Communications Review;May2007, Vol. 37 Issue 5, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses research that took place between 2003 and 2006 concerning identity theft. According to Gartner, identity theft has increased by more than 50 percent in that three year span, costing the average victim $3,257 in 2006, compared to $1,408 in 2005. Victims are also recovering less money after an electronic crime has taken place, 61 percent in 2006 compared to 87 percent in 2005. Avivah Litan, vice president and distinguished analyst at Gartner, says the increase stems from more hackers targeting Internet auctions and non-regulated money transmission systems. She mentioned identity verification software can help prevent fraud.
ACCESSION #
25062710

 

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