Javelin's annual survey shows that the number of identity fraud victims rose 12 percent to 11.1 million adults last year, and the value of the fraud has increased by 12.5 percent to $54 billion. That's the highest level since the survey was started in 2003.Read More......
"This is not a crime of individuals or petty thieves," said Michael Stanfield, CEO of Intersections, one of the survey's sponsors.
According to Stanfield, there is a increase in the number of crime rings — many often working out of Eastern European countries — who are using very organized methods of stealing personal information and using it to conduct identity fraud.
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