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Identity Theft: The Next Corporate Liability Wave?

The nation's fastest growing crime, identity theft, is combining with greater corporate accumulation of personal data, increasingly vocal consumer anger and new state and federal laws to create significant new legal, financial and reputation risk for many companies.

20 minute read March 17, 2005 at 02:38 PM
By
Toby J.F. Bishop and John Warren
Identity Theft: The Next Corporate Liability Wave?

Your phone rings. It's Special Agent Bert Ranta. The FBI is investigating a crime ring involved in widespread identity theft. It has led to millions of dollars of credit card and loan losses for lenders, and havoc in the lives of the 10,000 victims.

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