Fraud & Security -

US retailers face $100bn in ID fraud losses a year

US retailers rack up around $100 billion in identity fraud losses every year, absorbing nearly 10 times the cost incurred by financial institutions, according to a study from LexisNexis and Javelin Strategy & Research. LexisNexis, which surveyed retailers and consumers for the research, says that when factoring in the additional cost of lost and stolen [...]

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