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How Much Does Identity Theft Cost?
- rlpb 16y agoBased on data from Wikipedia? What reason do we have to trust any of these figures at all? Mitchell and Webb: "Sounds more like a bank robbery": http://www.youtube.com/watch?v=CS9ptA3Ya9E http://www.youtube.com/watch?v=CS9ptA3Ya9E (audio only). People don't have their identities stolen. Companies exercise negligence in not verifying identities and thus cause damages to individuals. Tort law should cover recovering these damages from the negligent companies, but unfortunately a better business model seems to be in getting individuals to pay for companies' negligence through "identity theft insurance" which is why we hear about it more.