The average financial loss per incident is $5,130
Identity theft victims usually spend over 500 hours repairing the damage.
The long process of repairing identity theft damage can cause great emotional stress.
Websites such as IdentityTheft.gov, give step-by-step directions to help walk a victim through repairing the damage.
Some Americans neglect the fact that identity theft leads to months of financial damage, emotional stress, and many people do not follow the procedures to protect themselves against it.
Identity theft can disturb the victim’s sense of security by knowing a stranger has his or her personal information.
Identity theft can also cause a victim to feel frustrated and embarrassed. Frustration is caused by the difficult, time …show more content…
This is the most used type of identity fraud.
The least used type of identity theft is the misuse of personal information. This type of identity fraud accounts for 14.2%.
Identity Theft can Harm the
Victim’s Credit.
Credit is important when buying a house, car, or applying for a loan.
Lenders look at credit reports before approving a loan because it can be a gamble loaning money to someone that may not pay it back.
Who is More at Risk?
Anyone can become a victim of identity theft, some people are more vulnerable than others.
People of two or more races are have the highest rate of victims, with a percentage of 11.6.
African Americans have the lowest rate of victims, with a percentage of 5.2.
The age group with the highest amount of incidents are people between the ages of 18-24. The age group with the lowest are people within the ages of 65 and up.
Some states with the highest amount of identity theft incidents include Arizona, California, and Florida.
The states with the least amount of incidents are South and North Dakota, Iowa, and Montana
Identity Theft Techniques and What to Look out for
Identity Theft Techniques include:
Identity theft victims usually spend over 500 hours repairing the damage.
The long process of repairing identity theft damage can cause great emotional stress.
Websites such as IdentityTheft.gov, give step-by-step directions to help walk a victim through repairing the damage.
Some Americans neglect the fact that identity theft leads to months of financial damage, emotional stress, and many people do not follow the procedures to protect themselves against it.
Identity theft can disturb the victim’s sense of security by knowing a stranger has his or her personal information.
Identity theft can also cause a victim to feel frustrated and embarrassed. Frustration is caused by the difficult, time …show more content…
This is the most used type of identity fraud.
The least used type of identity theft is the misuse of personal information. This type of identity fraud accounts for 14.2%.
Identity Theft can Harm the
Victim’s Credit.
Credit is important when buying a house, car, or applying for a loan.
Lenders look at credit reports before approving a loan because it can be a gamble loaning money to someone that may not pay it back.
Who is More at Risk?
Anyone can become a victim of identity theft, some people are more vulnerable than others.
People of two or more races are have the highest rate of victims, with a percentage of 11.6.
African Americans have the lowest rate of victims, with a percentage of 5.2.
The age group with the highest amount of incidents are people between the ages of 18-24. The age group with the lowest are people within the ages of 65 and up.
Some states with the highest amount of identity theft incidents include Arizona, California, and Florida.
The states with the least amount of incidents are South and North Dakota, Iowa, and Montana
Identity Theft Techniques and What to Look out for
Identity Theft Techniques include: