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Identity Theft Statistics

Identity Theft Statistics Identity theft occurs when someone gains unauthorized access to an individual's personal information. Identity fraud happens when this stolen information is used for the benefit of the thief. Victims can suffer adverse consequences that range from having money stolen to having their social security number illegally used. Up to 10 million Americans a year experience identity theft. in 1 in 10 U.S. consumers has already experienced identity theft Nearly 10 percent of the consumers in the US have already been victims of some form of identity theft. Victims often experience hardship that can entail rejection of loans due to Cedt tampening large expensses to allevite the problem and negative information left on the individuals record households with an annual income of are $70,000 2X more likely to experience Identity theft 43% of all identity theft is a result of stolen wallets and paperwork 11% of all identity theft occurs through the internet There are multiple things that can go wrong when your identity is stolen and numerous pieces of information that coukd be tampered of ID theft victims had a debit or credit card number stolen with Social Security numbers are at mkas wel as your fancial account nubers The most common way a thief retrieves this informationis through old-fashioned paperwork and wallet theft. Surprisingly, only 11 of identity theft happens through the internet. 38% of ID theft victims had a financial 24% number compromised Existing account fraud in the U.S. E G G $31 Billion Worldwide amount businesses lose annually to fraud Acconding to recent studies fraud results ina worldwide expense of hundreds of bilions of dollars. Individual vitms can loose thousands while cooperations suffer considerably more expense from the crime B E $221 Billion *numbers represent 2008 statistics After ID Theft Average Time Spent Repairing Damage 22% 46% 23% Pending on the severity of the case it can take thousands of hours to mend the victims installed antivirus software on their computer problems that is created from identity theft. Ater an individual experiences such a crime they often switch banks and invest in greater security measures for their onine safety 330 HOURS victims switched their primary bank or credit union victims switched credit card companies 1170% have difficulty removing negative information that resulted from identity theft $1,620 is the average dollar amount lost per household from ID theft expense > Early detection of identity theft will lead to better protection of your assets and your name. > As opposed to signing the backs of your credit cards, you can write "See Photo ID" for personal verification during purchases. ID theft insurance can offer an array of tools that help you detect and protect against threats to your personal identity. 25.9 Million Americans carry ID theft insurancae SOURCES 1/a/aaidenttheft.htm Recovery Expense Methods Victims Prevention

Identity Theft Statistics

shared by IGEmp on Jan 24
This infographic defines identity theft and provides statistical data for how much it occurs and how it adversely effects people.


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