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The Federal Trade Commission (FTC) estimates that 9 million Americans have their identities stolen each year. Victims also suffer from billion expenses and even greater losses to businesses. Identity theft is a serious growing crime in the U.S; it occurs when someone steals an individual’s personal information and uses it without permission to take over or create new accounts. The numerous ways of identity theft can have a severe effect on your credit; puts your reputation and entire business at risk.
As the result, people are getting aware of identity theft and taking active role to limit the unauthorized access to personal information, paper shredding would be the most concrete way of Identity Theft prevention.
--- Source: Federal Trade Commision (FTC) -