Importance of identity theft protection
Six compelling facts about identity theft over the past couple of years.
FACT: Identity fraud is on the rise, affecting nearly10 million victims in 2008-a 22% increase from 2007 (Javelin Strategy and Research, 2009)
FACT: Fraudster obtains personal information of a True Person and their credit account information by changing address on their account(s).
FACT: Physical address change remains the main method of account takeover (Javelin Strategy and Research, 2009)
FACT: The average victim spends 330 hours repairing their identity (ITRC Aftermath Study, 2004)
FACT: 71% of fraud occurs within a week of stealing a victim’s personal data.
FACT: In 2008, more than 35 million data records were compromised in corporate and government data breaches (ITRC)
