Since 1997 identity theft and fraud has affected more than 5.4 million people in the United States. And that number is on the rise with, more than 1.3 million complaints to the <a href="http://www.ftc.gov/sentinel/">Consumer Sentinel Network</a> (CSN) between January and December of 2009 alone. <a href="http://www.ftc.gov/sentinel/reports/sentinel-annual-reports/sentinel-cy2009.pdf">According to the Federal Trade Commission</a> (PDF), of the 721,418 fraud-related complaints to the CSN in 2009, this has cost customers [of various products and services] more than 1.7 billion dollars at a median payout of $399. But what can companies do to prevent fraud and identity theft?
James Mulroy |
30 Jun |
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