Identity theft protection is a priority.(Monday Morning)

Investment News, March, 2005

Byline: Jim Pavia Identity theft is the No. 1 consumer complaint in this country. About 10 million Americans fall victim to identity theft each year, and the scope of the crime is growing quickly, according to the Federal Trade Commission. More than 30 million Americans have had some part of their identity stolen in the past five years, and they have spent about $5 billion of their own money to get their financial records corrected, the Washington-based FTC said.

Adding to the problem are reports of recent security blunders involving consumers' financial data. The situation has Congress so concerned that lawmakers this month began a series of hearings to examine how to ensure privacy rights for the unsuspecting victims. To that end,...

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