“The study found 12.6 million victims of identity fraud in the United States in the past year, which equates to 1 victim every 3 seconds. The report also found that nearly 1 in 4 data breach letter recipients became a victim of identity fraud, with breaches involving Social Security numbers to be the most damaging. Over the past year, companies are responding more quickly which means a consumer’s information is being misused for fewer days than ever before, and the mean cost per victim has been flattening.”
The crooks are getting more efficient at their illegal “trade”; in that they now successfully commit fraud against 25%, “1 in 4 consumers that received a data breach letter became a victim of identity fraud, which is the highest rate since 2010. This underscores the need for consumers to take all notifications seriously. Not all breaches are created equal. The study found consumers who had their Social Security number compromised in a data breach were 5 times more likely to be a fraud victim than an average consumer.”
Folks, identity fraud (theft) is alive and well. And you are the potential target…not some organization or company…you. Your credit worthiness, your bank accounts, and your money are at stake if (when) you become a victim.
“Email and other proactive alerts can help consumers discover and stop identity fraud more quickly. Consumers must retain vigilance as 50 percent found the fraud themselves by monitoring their bank accounts, statements, credit scores and purchasing identity protection services. When reported in a timely manner, costs can be kept down.”
Reference: Help Net Security article
Be very careful…it’s dangerous out there.
Please comment on this article; we all learn from each other when our views and opinions are shared.
I hope you enjoyed this article. If you enter your email address in the Email Subscriptions box on the right column of this page, I’ll send you an email when a new article is posted. I don’t share your email address with anyone…no one; I hate spam too. Please share my site with your friends and family. Thanks.
Remember, personal computing is a blast…keep it productive and enjoyable.
I’m also on Twitter, @PaulsInternet.
Images courtesy of FreeDigitalPhotos.net and FreeByte.com