Do Data Breaches Disclosure Laws Reduce Identity Theft?

@inproceedings{Romanosky2008DoDB,
  title={Do Data Breaches Disclosure Laws Reduce Identity Theft?},
  author={Sasha Romanosky and Rahul Telang and Alessandro Acquisti},
  booktitle={WEIS},
  year={2008}
}
In the United States, identity theft resulted in corporate and consumer losses of $56 billion dollars in 2005, with up to 35 percent of known identity thefts caused by corporate data breaches. Many states have responded by adopting data breach disclosure laws that require firms to notify consumers if their personal information has been lost or stolen. Although the laws are expected to reduce identity theft, their effect has yet to be empirically measured. We use panel data from the U.S. Federal… CONTINUE READING

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