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Social Media, Smartphones Contribute to Thefts

IDENTITY THEFT—U.S.

March 26, 2012

In 2011, approximately 12 million U.S. residents were victims of identity fraud--an increase of 13 percent from the prior year, The Wall Street Journal reports. One of the causes of that increase, a recent Javelin Strategy & Research survey indicates, is the growing use of social media and smartphones, the report states. The survey of 5,000 consumers indicated that those who used smartphones were "about one-third more likely to fall prey to identity fraud than the general public," the report states, "because smartphones are minicomputers that store vast quantities of personal information, yet many users don't protect their smartphones the way they do laptops and PCs." (Registration may be required to access this story.)
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