Mar 29, 2008

ID Theft Incidents

Chris Hoofnagle published a report that attempts to measure ID thefts at major financial institutions. It is no surprise that BoA is the leader of the pack here, but that is mainly due to the fact that it is also the largest institution in the list. To address that, he created another list - this time with number of incidents per billion in deposits.

Moral of the story: The highest APR on your deposit may not be the only thing to look for when shopping for a bank.

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