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ID thieves intentionally target billionaire

The founder of the arts & crafts chain Michaels recently found out he was a victim of ID theft. He learned this when someone wrote a $7 million dollar check on an account they'd created in his name.

This story is unusual because most ID theft, as far as we know, is random. Thieves just grab any Social Security, credit card or bank account numbers they can and go crazy with them. But the feds say in this case, Russian thieves went through the Fortune 400 list of wealthy people, picked one, then went online to hunt down his personal data.

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Posted by Travis on August 17, 2007 9:07 am :: Comments (0) :: Permalink

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