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7 Alarming Identity Theft Statistics

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Looking to quantify the severity of identity theft in the modern age? Below are seven alarming statistics that will make you want to go 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.

  1. In 2014, more than 1 billion records containing personally identifiable information were leaked.1
  2. Medical identity theft is on the rise, 500,000 victims in 2014 alone.1
  3. 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
  4. 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
  5. 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.
  6. 19 people become victims of identity theft every minute.3
  7. The average victim can expect to spend $500 dollars and 30 hours on average resolving each identity theft crime.

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.

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Don’t Be One of the ID Theft Statistics

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 other the key features, pros, cons, pricing and more for each service.

Do you know someone who has been a victim of identity theft?

Sources: [1] Credit.com, [2] Forbes, [3] FTC.gov

Kimberly researches everything before she buys. She wants to make sure she is getting the best bang for her buck by purchasing the best product/service, which is why she loves her work. She has a degree in Multimedia Journalism and has been researching and writing professionally since 2013 to help consumers make more educated decisions.

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4 Comments on "7 Alarming Identity Theft Statistics"

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Amanda Franklin
Amanda Franklin

you should add ID Sanctuary to your comparison. You will find it is every bit as good or better than the products listed. It is powered by industry leader IDT911.

Ima

“19 people become victims of identity theft every minute.” That was an alarming statistic, so I clicked on your reference and did not see the attribution. Your link leads to an article from the FTC, but that article does not support your statement. Where did you get that statistic?

Robert
Robert

Yikes! These stats are very alarming…I had no clue that theft of medical records is on the rise. Not good for the older folks like me who are already skeptical of technology when it comes to digitizing our personal health records. And that makes sense that children are targets too! Gosh, those thieves are so rude to target the naive. Thanks for sharing these tips!

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