Data Breaches and Stolen Identity
According to the National Crime Victimization Survey (NCVS), the definition of identity theft includes the following types of incidents:
- unauthorized use or attempted use of an existing account
- unauthorized use or attempted use of personal information to open a new account
- misuse of personal information for a fraudulent purpose.
"An estimated 17.6 million persons, or about 7 percent of U.S. residents age 16 or older, were victims of at least one incident of identity theft in 2014, the Bureau of Justice Statistics (BJS) announced today. These statistics were similar to those in 2012," says an NCVS press release entitled 17.6 MILLION U.S. RESIDENTS EXPERIENCED IDENTITY THEFT IN 2014, released this past September. "Identity theft is the attempted or successful misuse of an existing account, such as a debit or credit card account, the misuse of personal information to open a new account or the misuse of personal information for other fraudulent purposes, such as obtaining government benefits or providing false information to police during a crime or traffic stop" (http://1.usa.gov/1Qs8Ke6).
Please take time to listen/watch this interesting webcast on data breaches and stolen identity. The information contained on this webcast is relevant to both business and individuals. If you're in the middle of other things this morning, it would be worth your while to bookmark this page and return later when you have more time.
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ESC Senior Partner John Larkin