The Cost of ID Theft

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The Cost of ID Theft

02-07-2008, 12:15 PM,

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mandy Offline

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The Cost of ID Theft

Quote:As the number of identity theft victims continues to mount, so has the amount of data and information related to such events -- and the time and resources devoted to better understanding, analyzing and devising measures that can better prevent such occurrences, as is seen in Part 1 of this series.

"The stakes are already quite high when it comes to data loss: According to Gartner and the Ponemon Institute, the loss of a single record -- not financial fraud -- is around (US)$197. If you take the extremely conservative estimate from the same research that said that in 2007, 127 million records were lost, you get around $25 billion in direct losses," noted Uriel Maimon, senior researcher for security firm RSA...

2 part article:
part 1: http://www.ecommercetimes.com/story/61515.html
part 2: http://ecommercetimes.com/story/The-Cost...61542.html

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