Identity theft continues to pose concerns for both consumers and law firms and with good reason – recent statistics show that about 15 million US residents have their identities fraudulently used annually, with resulting financial losses close to $50 billion. Illuminating the concern is the finding by the Norton Cybersecurity Insights Report that 80 percent of US consumers are concerned that they might experience online crime.
In a conversation with Legaltech News, Tony Perez, founder and CEO of the cybersecurity solution company NetLok, elaborated on why online identity theft is so prevalent. He noted that a major problem was that the definition of identity theft was “too narrow,” limited to concerns over email addresses, credit card numbers, passwords and social security numbers.
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