Medicare fraud is on the march. Last week, federal authorities charged more than 100 medical professionals with conspiring to defraud the elderly medical program of more than $225 million. Roughly a third of the defendants are from the Miami area, but they came from eight other cities as well.
Spyware is one of the most prevalent methods that identity thieves use to collect the information needed to steal your identity. It’s such a problem that some experts estimate that nearly 80 percent of personal computers are infected with spyware. It’s also a problem that shows few signs of slowing down.
If you have seen some of the signs that your child may have become the victim of identity theft, then you should immediately take action. Failing to address this issue as early as possible may result in big problems down the road.
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Identity theft has become a common crime, although statistics show occurrences are decreasing from a high of 10.1 million victims in the year 2003 to 8.4 million in 2007, it still costs consumers and affected organizations nearly $50 billion per year (Privacy Rights Clearinghouse, 2007). And it’s not merely an inconvenience or a detriment to a victim’s credit rating, identity theft is classified as a federal crime.
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