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U.S. News & World Report released the results of its recent study on ID theft and its effect on people's lives. The alarming statistics from this study are eye opening and highlight "financial loss" to consumers as a major concern, which has increased annually. These increased losses are compounded as consumers face a very tough economy, with many of them "living paycheck to paycheck." Of those victims surveyed, 33% were victims of financial account takeover at least once, and 15% experienced losses beyond $1,000. Most Americans couldn't handle this kind of loss.
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