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Uploaded on Feb 9, 2009
In 2008, the number of identity theft cases jumped 22 percent to 9.9 million, according to a study released Monday by Javelin Strategy & Research. The good news is that the cost per incident -- including losses and legal fees -- fell 31 percent to $496.
One reason for the spike in cases is likely the worsening economy. Just last month, 598,000 jobs were slashed across the country and unemployment jumped to 7.6 percent. www.IDTheftSecurty.com