Prevailing security methods used to protect against identity theft are losing ground to fraudsters. In fact, the total cost of identity fraud in the United States in 2006 reached $56.6 billion, up 6.4percent from $53.2 billion three years earlier, according to the 2006 Identity Fraud Survey Report from Javelin Strategy and the Better Business Bureau. What’s more, mean resolution time for these cases has risen to 40 hours and costs $6,383 per person, up from 33 hours and $5,249 per person three years ago, according to the same report.

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