Written by Tracy L. Coenen, CPA, CFF
Wisconsin Law Journal
Reprinted in St. Louis Daily Record
Identity theft affects countless consumers and businesses each year, costing millions and maybe even billions of dollars. In 2004, the Federal Trade Commission received over 635,000 consumer fraud and identity theft complaints with reported losses of $547 million. During 2005, the FTC received 685,000 consumer identity theft complaints with reported fraud losses of over $680 million.