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Unfortunately, identity theft is happening more and more frequently in the modern, digital age. Before you know it, you might become one of the next identity theft victims. Below are ten alarming statistics that will make you want to hide in a hole with all of your personal information! (Okay, maybe not that extreme.) But identity thieves are thrifty, and no one is exempt from their trickery. Read on to learn more id theft facts and what you can do about it.
10 Facts About Identity Theft
Here are ten fun stats about identity theft (or should we say interesting facts about identity theft).
- In 2014, more than 1 billion records containing personally identifiable information were leaked.1
- The number of victims of identity theft has increased in the past decade jumping from 10.2 million in 2007 to 15.4 million in 2016.4
- ID theft happens once every 2 seconds.4
- Medical identity theft is on the rise; there were 500,000 victims in 2014 alone.1
- In 2014, $5.8 billion was given to identity thieves from the IRS due to fraudulent returns. Identity thieves use random social security numbers to file tax forms and by chance, it could be yours.2
- The number one consumer complaint to the U.S. Federal Trade Commission (FTC) in 2014 was identity theft. It has ranked 1st place for 15 years running.3
- Children are susceptible to identity theft. Since most people under 18 are not actively applying for credit or monitoring it, minors can become easy prey.
- 19 people become victims of identity theft every minute.3
- The average victim can expect to spend $500 and 30 hours resolving each identity theft crime.
- Victims of identity theft spent over 100 million hours trying to resolve their issues in 2016.4
Identity Theft Statistics Infographic
There are so many interesting facts about stealing your identity we turned them into an identity theft facts infographic to help spread awareness about this growing issue.
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What You Can Do to Prevent Identity Theft
If you are worried, you can freeze your credit to protect your identity. Just pay a small fee to keep your personal information from being used to obtain new lines of credit. If you want more facts about identity theft, check out our article here for more scary identity theft stats.
Don’t Be One of the ID Theft Statistics
These identity fraud facts might have you scared. That’s why we recommend that you protect yourself from identity theft by purchasing identity theft protection. Begin your search for the perfect service by checking out our large comparison article. Our article goes over the key features, pros, cons, pricing and more for each service.
Have you been a victim of identity theft?