In 2010, there were about 8.6 million US households who fell victim to identity fraud resulting in over $13 billion in losses and damages according to research by the US Department of Justice.
Financial institutions are developing and implementing new technologies to improve online and physical security of information and communication. Law enforcement is working closely with businesses, the financial sector, and consumers to identify and investigate the crimes and criminals.
There are also steps you can take to protect your personally identifiable information. Visit the IT Security website for tips on preventing identity theft.