Source: 27B Stroke 6 Blog (Wired News)
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Javelin Strategy and Research, an independent research group, this week released a new report -- funded by Visa, Wells Fargo and Checkfree -- that found that in 2006, 8.4 million Americans were hit by identity fraud, a full half a million fewer than in 2005. The study, based on a phone survey of 5,000 American adults, found the total amount lost to identity theft fell 12%, from $55.7 billion to $49.3 billion.
The study was widely reported in the media yesterday --
AP,
Reuters, and
UPI. But Chris Hoofnagle, an expert in data privacy laws who is also an attorney at the Berkeley Center for Law and Technology, says the study is dead wrong, both in its methodology and its conclusions.