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Fox News
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Cybercrime losses amounted to nearly $21 billion last year, with a significant portion stemming from identity theft involving new accounts. Criminals are increasingly using stolen personal information to open unauthorized credit cards, phone, or utility accounts without triggering traditional monitoring methods. This type of fraud is hard to detect since it often doesn't impact existing accounts, but checking credit reports and being vigilant about unfamiliar mail or inquiries can help victims identify and prevent further damage.
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