If you want to find info on identity theft you really don't have to look very far. Just flip through your local paper and I can pretty much guarantee that you'll find some incident of an information compromise before you leave the first section.
Since its been on everyone's mind for nearly a decade ID theft statistics are commonplace in magazines, newspapers, TV, radio and any other form of media that you can get your hands on.
There are a couple things that come to mind when you're looking for info on identity theft and that is Statistics and Causes. The statistics have, for the most part, remained steady when it comes to the frequency of the crime. The monetary loss per year hovers around 53 Billion dollars. That's equivalent to buying 1000 one million dollar homes ever week for one year. How would you like to be the real estate agent that gets the commissions for those sales? An important thing that you have to remember about Identity theft stats is that, 99.9% of the time, the number that is being reported is LESS than what has actually occurred. The reason for the discrepancy is that there are people out there that do not know that their identity has been stolen at the time the information was compiled. So the number I quoted earlier of a loss of 53 billion dollars per year...it's a low estimate.
Right now the number that stands out for the amount of people that having their identities stolen per year is around 9-10 million. There are a lot of reports out there that attempt to pinpoint exactly what these numbers should be but there are so many variables that have to be taken into consideration I, personally, don't see how it can be done.
Some info on identity theft has actually created federal legislation. Personal information being stolen from businesses has been an epidemic to the point the government created the Red Flag Rule. This required legislation puts the responsibility of protecting employee and client information on the shoulders of the businesses due to the fact that over 52% of identity theft comes from information breaches in companies.
Oh...just in case you are interested here's some stats on identity theft that I think you'll be interested in...there's a 1 in 5 chance that you'll be a victim this year. Are you protected?
Identity Theft - Different Ways People Steal Your Identity Identity and Theft: Solving The Identity Theft Nightmare Identity Theft Facts Identity Theft By Family And Friends Identity Theft - 5 Ways You Can Become a Victim - Identity Theft Protection and Credit Card Fraud
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