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Study: U.S. Identity Theft Losses Fall |
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Source: eWeek.com - Posted by Bill Keys
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NEW YORK (Reuters)—Americans lost about $49.3 billion in 2006 to criminals who stole their identities, an 11.5 percent decline that may reflect increased vigilance among consumers and businesses, a study released on Thursday shows.
Losses declined from a revised $55.7 billion in 2005, according to the third annual study by Javelin Strategy & Research. They had increased in each of the prior two years.
The average identity theft fraud fell 9 percent to $5,720 from $6,278, while the median—where half were larger and half were smaller—held steady at $750.
"Businesses are doing a better job screening, and consumers are doing better at locking up information and monitoring their accounts," said James Van Dyke, founder and president of Pleasanton, California-based Javelin, in an interview.
Read this full article at eWeek.com
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