Online Security Survey: Identity Theft Down Slightly But Costs Skyrocketing

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The out-of-pocket costs to victims of online identity theft rose by 68% in 2010. According to Network World, the “rise in consumer costs is believed to be due to a rise in new accounts fraud, where a criminal steals identity information and opens a new payment-card account,” as new account fraud is difficult to detect and resolve. The article also shares the results of a survey that says the number of identity theft victims actually fell by three million people — or 28% — last year (from an estimated 11 million in 2009 compared to 8.1 million in 2010).

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Elaine Rigoli

Elaine Rigoli is PRIVATE WiFi's manager of digital content strategy.