Are You Protected?

As many as 10 million Americans a year are victims of identity theft.  In 2003 and 2004, the identity Theft Resource Center surveyed victims of identity theft and reported the findings in a paper called The Aftermath Study.  These results are a good estimate of the effects of identity theft on its victims and the types of identity theft crimes that are committed.

Discovery of Victimization

• 38-48% of victims find out about their identity theft within 3  months of it starting
• 9-18% of victims take 4 years or longer to discover that they are victims of identity theft

Time Involved in Being a Victim

• Victims spend from 3 to 5,840 hours repairing damage done by identity theft. This difference is due to the severity of the crime - for example a lost credit card verses the use of your social security number to become your "evil twin." The average number of hours victims spend repairing damage caused by identity theft is 330 hours.
• 26-32% of victims spend a period of 4 to 6 months dealing with their case and 11-23% report dealing with their case 7 months to a year.

Monetary Costs of Identity Theft

• 40% of business costs for individual cases of identity theft exceed $15,000.  The Aberdeen Group has estimated that $221 billion a year is lost by businesses worldwide due to identity theft
• Victims lose an average of $1820 to $14,340 in wages dealing with their cases
• Victims spend an average of $851 to $1378 in expenses related to their case

Article taken from: http://www.spamlaws.com/id-theft-statistics.html
Unfortunately Arizona ranks high in identity theft cases. Arizona residents should view this link:  AZ IDT Video by Terry Goddard, Arizona Attorney General.

Why not even become more proactive.   Ask me how?

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