Equifax CEO: Identity Theft Is an Epidemic

Published on:
12 September 2006 at 10:19 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00011388-equifax-ceo-identity-theft-is-an-epidemic/

Fear of identity theft has led to big profits for credit-reporting agency Equifax Inc., but the company’s outgoing CEO said Monday that he worries whether concerns over data security could eventually stifle consumer spending.

“It’s an epidemic that worries me to death,” said Thomas Chapman, chairman and CEO of Equifax, one of the nation’s top three credit-reporting companies, following a speech to about 50 people at the Commonwealth Club of California, a public affairs forum.

Chapman told the audience that identity thieves are rarely prosecuted, yet they cost the country $60 billion annually.

For this complete story, please visit Equifax CEO: Identity Theft Is an Epidemic.

Equifax CEO: Identity Theft Is an Epidemic

Unknown Author

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