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Extensive Study on ID Theft to Be Released

From the press release on a new report to be issued September 25 by ID Analytics, titled National Report on Identity Fraud. “The year-long research project leading up to this report analyzed more than 200 million records, including valid and fraudulent consumer applications for credit, debit and new accounts, together with the largest collection of cross industry known frauds to date.”
The Executive Summary for the report states:

  • “ID Analytics has found that the problem of identity theft and related fraud is larger, more pervasive and much harder to stop than even the experts realize. What’s more, while consumers are indeed victimized by identity theft, the majority of dollars lost stem from identity fraud, where the applicant’s identity is fraudulently constructed and does not belong to an actual consumer.”
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