Identity Theft

Why Protect Yourself Against Identity Theft

Each year, millions of Americans have their identities stolen. To date, it is estimated that more than 10 million Americans per year experience some form of identity theft.

Moreover, more than half of all victims discovered that their personal information had been used to open up new bank and credit card accounts under their name.

Once your identity has been stolen, it can take years to repair your credit and good name. Therefore, it is important to be proactive about protecting your personal information from would-be identity thieves.

Monitor your credit report, minimize your public profile and opt out of those services that sell or make available your personal information. Preventing identity theft today can help avoid a possible lifetime of identity recovery.

Identity Theft Statistics

According to a recent Javelin Strategy and Research Survey:

• 8.1 million US adults were victim of some type of identity misuse
• The total fraud amount in 2007 is estimated to be $49.3 billion
• The average amount of loss for each victim in 2007 was expected to be $5,720
• Individuals affected by Identity theft spend approximately 600 hours dealing with this over their life time.

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