New Report Shows Identity Theft Rate Rising

Identity Theft

A recently released survey from Gartner shows the rate of identity theft is rising -- more than 50 percent over previous years.

What is interesting for financial institutions, they are not the first target. “As it showed in the report, the attacks are moving away from banks to fake lotteries and sweepstake contests, and other types of transactions including Internet auctions, nonregulated money transmittal systems, and other types of imaginative scams,” says Avivah Litan, vice president and distinguished analyst at Gartner.

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