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How to Prevent Identity Theft

Author: Theresa Rogers

Reports estimate that more than 10 million Americans are the victim of identity theft each year. With the digital age making storage of personal data more prevalent, and the popularity of online shopping requiring storage of personal information, the risk of identity theft due to security breaches has increased dramatically. Security breaches not only result in the loss of customers, but can also affect employees if a breach compromises personal information. In an effort to protect consumers and employees, recent United States laws place some of the burden of preventing identity theft on employers. Because all workplaces are required to retain personal information on employees, it is critical to follow certain guidelines regarding the protection of personal information in an effort to prevent identity theft and to remain compliant with Federal Trade Commission requirements.