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In October 1998, Congress passed the Identity Theft
and Assumption Deterrence Act of 1998 (Identity Theft Act) to address
the growing problem of identity theft.
Identity theft can occur through a variety
of means, and companies should be prepared to protect customers
from unauthorized access to information that may enable a thief
to obtain personal customer information. Companies that do not have
a prudent identity theft response program in place may inadvertently
aide in the identity theft. If such an incident occurs and goes
undetected, it will create a negative lasting affect on the company's
reputation.
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