Business NewsMarketWire • SmartMetric Warns of an Explosion in Identity Theft and Account Takeover as a Result of the Recent Gigantic JP Morgan, Home Depot and Target Data Breaches -- Report Shows That 1 in 3 People Who Received Data Breach Notices Became a Victim of Identity Fraud

SmartMetric Warns of an Explosion in Identity Theft and Account Takeover as a Result of the Recent Gigantic JP Morgan, Home Depot and Target Data Breaches -- Report Shows That 1 in 3 People Who Received Data Breach Notices Became a Victim of Identity Fraud

SmartMetric Warns of an Explosion in Identity Theft and Account Takeover as a Result of the Recent Gigantic JP Morgan, Home Depot and Target Data Breaches -- Report Shows That 1 in 3 People Who Received Data Breach Notices Became a Victim of Identity Fraud

NEW YORK, NY--(Marketwired - Oct 6, 2014) - SmartMetric, Inc. (OTCQB: SMME) The cost to the economy, and consumers in particular, of the recent explosion in data breaches at some of the biggest consumer enterprises in the United States goes way beyond the direct fraud losses that flow from the fraudulent use of credit card information to make in person and online purchases. According to a 2014 published report by Javelin Strategy & Research, 1 in 3 people who received data breach notifications in 2013 became a victim of fraud. Worse, the report reveals that breaches of debit card information shows 46% of consumers are likely to become an identity theft victim.

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SmartMetric Warns of an Explosion in Identity Theft and Account Takeover as a Result of the Recent Gigantic JP Morgan, Home Depot and Target Data Breaches -- Report Shows That 1 in 3 People Who Received Data Breach Notices Became a Victim of Identity Fraud