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Tuesday, April 24, 2012

UT event takes aim at growing $50 billion ID theft problem

Identity theft is a cradle-to-grave problem that costs U.S. businesses $50 billion and affects at least 10 million consumers each year. At least 1 million children's identities are stolen over the course of a year. Adults are victimized, online and offline. Companies are compromised when unwitting employees use their company log-ins and passwords surfing the Internet. The Center for Identity at the University of Texas on Monday convened a two-day conference to discuss the scope of the problem and what can be done.

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