Fast Facts on Identity Theft

Identity theft is a crime that’s simply a nightmare for those going through it.  Trying to clear your name, recover bank account funds, deny liabiity for charges, etc.,  can really take a toll.  But there are those who feel that identity theft, as a crime, has been clown out of proportion.  Here are some short facts on the matter:

  • Identity theft is considered to be the fastest-growing crime in the U.S.
  • Roughly 700,000 become victims of identity theft every year.
  • Identity theft costs consumers an estimated $500 million to $2 billion each year.
  • Credit card fraud is the most common form of identity theft.
  • Utility fraud (using another identity to get utility service) and bank fraud are the second and third most-common forms of identity theft.
  • Approximately 40% of all fraud crimes involve identity theft.
  • It takes some victims years to get identity theft matters resolved.

Needless to say, there are many other facts and statistcs that could be cited.  Clearly, identity theft has a wide-ranging impact, and it’s important that you develop protection and defense from the threat of identity theft.

 

 

 

 

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