Death and taxes go together – we know that.
But what about death and credit cards? Evidence is mounting that identity thieves are using personal information from the recently deceased to open new credit cards under the dead person’s name. It’s ghoulish, all right, but it’s also stoppable. Here’s how.
First the bad news. Identity fraud is the one market in this economic quagmire that is thriving. According to the 2009 Identity Fraud Survey Report, from Javelin Strategy & Research, the number of Americans who have been victimized by identity fraud has grown 22%, to 9.9 million adults. That amounts to $48 billion in 2009 alone, Javelin report.
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