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Importance of identity theft protection

Six compelling facts about identity theft over the past couple of years.

FACT: Identity fraud is on the rise, affecting nearly10 million victims in 2008-a 22% increase from 2007 (Javelin Strategy and Research, 2009)

FACT: Fraudster obtains personal information of a True Person and their credit account information by changing address on their account(s).

FACT: Physical address change remains the main method of account takeover (Javelin Strategy and Research, 2009)

FACT: The average victim spends 330 hours repairing their identity (ITRC Aftermath Study, 2004)

FACT: 71% of fraud occurs within a week of stealing a victim’s personal data.

FACT: In 2008, more than 35 million data records were compromised in corporate and government data breaches (ITRC)

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