Until the mid 1980s, most fraud went undiagnosed or misreported. The debate today seems to be whether the increasing digital landscape ends up increasing or decreasing fraud overall.

We hear stories of major crime syndicates from Eastern Europe or Africa skimming cards, phishing Internet banking accounts and resultant losses in the millions. Javelin Strategy & Research reported in the U.S. that victims of identity theft rose 12% to 11.1 million adults in 2010, the highest level since 2003.

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