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The negative impacts of identity theft. Many people have become victims of identity theft. Banks and credit card companies may pay for the financial losses

The negative impacts of identity theft. Many people have become victims of identity theft. Banks and credit card companies may pay for the financial losses that individuals may incur. However, victims may go through emotional stress before they are paid by their banks. It's also time consuming because they have to dispute their financial loss with the banks and credit card companies by completing paper work. Can you please explain how the identity theft can be stopped by banks and credit companies?

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