Why ID Thieves Love Social Media

About 12 million Americans got hit by identity fraud in 2011, a 13% increase from a year earlier, thanks to consumers’ growing use of social-media websites and smartphones, plus a sharp jump in security breaches, according to a recent report from Javelin Strategy & Research.

“The new ways in which people can communicate with each other create new risks,” says Joel Winston, chief privacy officer at ID Analytics, a consumer risk-management company. Read more…

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