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Friday, March 12, 2021

The Necessity of 401(k) Cyber Theft Prevention

 

Approximately 1 in 20 Americans have been affected by identity fraud. According to the Javelin 2020 Identity Fraud Report, approximately 13 million Americans every year face some form of identity fraud, including credit card fraud, account takeovers, and government benefits fraud.

While many individuals and organizations have become accustomed to the risk of identity fraud, the recent rise in 401(k) theft perpetrated by strangers is cause for renewed concern.