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Dear Members and Friends of the Alliance,
The 2013 Identity Fraud Report released in February 2013 by Javelin Strategy & Research reported that in 2012, identity fraud incidents increased by more than one million victims, with fraudsters stealing more than $21 billion. The topic of my executive director letter this month covers identity theft, and how user authentication addresses the problem. Among the many benefits of smart card technology is its ability to reduce the instances and frequency of identity theft by establishing digital trust. Such trust is established when the user’s device enabling the transaction can be linked with the known identity of the user owning the device. Have a great Thanksgiving, and I hope to see you at the 2013 Member Meeting in December in Miami.
Sincerely,
Randy Vanderhoof
Executive Director, Smart Card Alliance
