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What Banks Are Doing To Protect Your Personal Identity

Tuesday, March 19, 2013 - 8:04 AM
After two years of declining rates of identity fraud, more than 12.6 million Americans fell victim to identity fraud in 2012. Fresh data from Javelin Strategy say the jump is huge on a year-to-year basis, since “only” 11.6 million Americans were compromised by I.D. fraud in 2011. Javelin reports that con artists made off with $3 billion more in stolen identity assets last year than the year before, with one in 20 U.S. consumers — approximately 5.6% — suffering a financial loss due to I.D. fraud.

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