Seven ways to foil ID thieves

Tuesday, 23 November 2004, 8:29 AM EST

The U.S. Federal Trade Commission estimates that 27.3 million Americans have been victims of identity theft in the last five years, including 9.9 million last year--and the number of new cases appears to be growing.

Identity theft last year cost businesses and banks about $47.6 billion and consumers an estimated $5 billion. The Fair Credit Billing Act limits the liability due to fraud to $50 per card if the creditor is notified within 60 days of the first bill containing fraud.

By Scott Reeves at Forbes.

[ Read more ]

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