ID Theft Facts and Stats Everyone Needs to Know

Everyone has heard of identity theft and knows that today it most commonly occurs over the internet. But here are some incredible facts and stats you may not have been aware of… (And get a promo code at the bottom to save at LifeLock!)

Anyone who uses their computer to send any type of personal information over the internet is susceptible to being hacked by individuals who are bent on stealing you info for their own use. needless to say, this can cause a person, not only much grief but can also cause them untold financial losses and legal problems.

What are the most common types of ID theft and some stats related to them?

1) Credit card fraud. 133,015 report cases
2) Employment or tax related fraud. 82,051 cases reported
3) Phone or utilities fraud. 55,045 cases reepoted
4) Bank fraud. 50,517 cases reportes
5) Loan or lease fraud, 30,034 cases reported
6) Government documents or benefits fraud. 25,849 cases reportes.

Source: The Federal Trade Commission’s 2017 Consumer Sentinel Network Report.

These ID thefts and frauds amounted to a total of $905 million in total losses to the American consumer in 2017.

In addition to email and website ID theft over the internet, other methods of ID fraud and theft are telephone and regular mail.
Anyone who is not careful can be a victim of ID fraud. But seniors and children are the most common victims>A good thing to remember is that if it seems too good be true, it most likely isn’t true.

If you have young children make sure you are aware of what they are doing, especially on their computer. And if you have senior citizens in your family try to make them aware of the scams and frauds the are “out there.” Tell them to talk to you and confide in you if someone becomes overly friendly or seems too eager to help them make money. It might be legitimate, but then again it may not. be cautious.

The results of of ID theft besides the financial impact, there is also the emotional impact. So the easiest way to avoid all this aggravation is to just remember NEVER give out any personal information about yourself. this includes your social security number, credit card numbers, bank account info, income tax ID number and even your driver’s license number.

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