As cybercriminals become more skilled, the privacy practices at many organizations have not kept apace. In data that I've compiled, I found this to be the case at many state treasuries where the data exposed provides fraudsters with a crime exacta: claiming money that no one will ever miss and gathering various nuggets of personal data that can help facilitate other types of identity theft.
All too often life insurance companies are unable to find the beneficiaries of a policy. If they fail to turn the money over to state unclaimed property departments and instead choose to sit on it, they are unjustly rewarded with the ability to continue profiting from the investment of someone who is now deceased.
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