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The term identity theft was coined in 1964. [1] Since that time, the definition of identity theft has been legally defined throughout both the UK and the U.S. as the theft of personally identifiable information. Identity theft deliberately uses someone else's identity as a method to gain financial advantages or obtain credit and other benefits.
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How much does identity theft insurance cost? According to a comparison from U.S. News and World Report , identity theft protection will cost you about $10 to $40 a month, depending on the plan you ...
The Identity Theft Resource Center said there were 662 data breaches in the United States in 2010, almost a 33% increase from the previous year. [19] Between January, 2015 and September, 2017, the Identity Theft Resource Center estimates that there were 7,920 breaches affecting more than one billion records that could lead to identity theft. [18]
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The CFA recommended that identity theft service providers do a better job of making clear how their programs work, exactly what you get and don't get, and what their privacy policies are ...
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