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One battle that has been continuous over the last several years is the battle with Identity Theft. The purpose of this report is to examine the type of fraud that takes place in banking and other financial institutions. The report looks at ways to prevent Identity theft, legal issues involved, the effects of new technology on Identity Theft and the importance of security.doi:10.48009/2_iis_2006_38-42 fatcat:iwj2lrp7brg6zlggdu6uaj4ucy