ID Theft Creates Opportunities for Data Companies

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00004725-id-theft-creates-opportunities-for-data-c/

By Alexandria Sage, Reuters

For its victims, identity theft means worry, headache and countless time spent restoring bad credit. But for some businesses, the collective fear that consumer identities may be stolen can mean opportunity.

The surge in identity theft, estimated to affect more than 9 million Americans each year at a cost of $50 billion, is spurring credit bureaus and banks to offer credit-monitoring services designed to protect against fraud and guarantee peace of mind.

There is broad consensus that consumers need access to credit information, but many advocates question whether some new services are taking advantage of growing fears.

For this complete story, please visit ID Theft Creates Opportunities for Data Companies.

ID Theft Creates Opportunities for Data Companies

Unknown Author

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