Much to the chagrin of honest entrepreneurs and consumers, fraud and identity theft have been booming as of late. A study by Javelin Strategy & Research indicates fraud incidents rose by 16 percent in 2016, with losses increasing by about $700 million more than 2015 figures.
Given that neither government officials nor fraud protection experts have figured out how to bring opportunistic thieves to heel, it’s unlikely that digital fraudsters will repent in the near future. While identity theft is a reality of our interconnected world, that doesn’t mean individuals and business owners need to roll over and accept the repercussions.
