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Identity Theft Research Paper

161 Words1 Pages
According to statistics by the DOJ, identity theft has created losses in excess of 17.3 billion dollars in 2007 and 2008. In doing so, these losses were passed on to us, the consumers. On average five percent of all Americans age 16 or older were victims of identity theft. The most common victims are the young, ranging between ages of 16-24 and the elderly who are too trusting. (Rosenstien 2015). In many cases, a criminal posing as a ligament business may call the randomly selected victims and solicit their information over the phone. This technique is a form of phishing and many of the elderly who are trusting and do not understand these scams will voluntarily provide this information over the phone thinking that there really was

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