Identity Theft Picks Up Steam

Nashville Examiner reporter Brandon King reports on a recent study conducted by Javelin Strategy and Research, showing that 11.1 million adults were victims of identity theft in 2009.This represents a 12% increase from that of 2008 and up 37% from 2007.

Quoting from King’s article:

“The odds have never been higher for becoming a fraud victim,” said James Van Dyke, the President and founder of Javelin. “It’s an easy crime to perpetrate, a crime that’s almost impossible to catch when done in a sophisticated manner and a crime in which enforcement is very limited.” Van Dyke’s assessment lines up with a survey conducted by Gartner, a leading IT and research company, which show that only 1 out of 700 identity thieves are prosecuted.

See the full article here.

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