Hard Times Ahead

Entities Mentioned

• Javelin Strategy & Research
• Identity Force
• Steven Bearak

1. Monday's report by Javelin Strategy and Research confirmed what Identity Force has been predicting.  The number of Americans victimized by identity theft is on the rise. In 2008, the number of identity theft cases jumped 22 percent to 9.9 million, and the total damages exceeded $48 billion. 
   
   Much of the media coverage has centered on one finding in the report -- that the money lost per victim dropped a bit -- but that may well be driven by the fact that there also seems to be a significant increase in stolen wallets.  "Petty crime may drive down some of the statistics, but the fact is that more people are being defrauded, and more money is being lost overall," said Steven Bearak, CEO of Identity Force.
   
   Couple these facts with an increase in cyber crime and data breaches and the future is troubling.  Businesses and consumers should have proactive plans in place to prevent identity theft data breaches and protect customers and consumers.

   Bookmark or Share this article

   
   

   Related Articles

   • 2008 Data Breaches Reach Historic Levels: Consumers and Businesses Hit Harder Than Ever; Heartland Breach Threatens Millions
   • also written by Derek
   • Corporate Overview Introduction Page
   • also categorized in Corporate
   • ITRC 2008 Breach List
   • also categorized in Corporate
   • Iona College Becomes the First to Create a “Data Breach-Free Campus” and Provide Proactive Identity Theft Protection to Students, Faculty and Staff
   • also written by Derek
   • Identity Theft Awareness Day 2008
   • also categorized in Corporate

   • Protect Your Identity Week
   • also categorized in Corporate
   • Data Breaches: What Should Banks, Payments Firms and Merchants Do ...
   • also mentions Javelin Strategy & Research
   • Hospitals and Identity Theft Compliance: Unavoidable
   • also written by Derek
   • Safe On-Line Shopping Tips
   • also categorized in Corporate
   • Breach List Reaches All-time High
   • also categorized in Corporate

Login to comment.