Seven ways to foil ID thieves
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.
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- Review: Identity Theft (26 August 2003)