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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.
- In 2014, more than 1 billion records containing personally identifiable information were leaked.1
- Medical identity theft is on the rise, 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 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?