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General Identity Theft Statistics Revealed
The number of identity theft cases has been increasing to this day. In fact,
according to the identity theft statistics, the Federal Trade Commission
reported that for 4 continuous years, identity theft has been on the top
of the list of the consumer complains.
It has been assumed that identity theft mounted to over 42 percent of the
complaints that has lodged in the FTC Consumer Database in the year 2004
and has increased for about 40 percent in the year 2002.
According to the FTC Identity theft statistics, there are approximately 10
million consumers, mostly American have discovered that their personal
information have been intentionally used to open up a fraudulent bank account,
utility accounts and credit card.
The worst is that their personal information have been wrongfully used to
commit serious crimes with their names.In the FTC identity theft statistics,
there had been more than 50 percent of the theft victims of accounts such
as credit cards and other fraud accounts.
Mostly, new credit cards have been used for fraud activities. This happens
when a thief opens up new accounts using other people’s names. Identity
theft statistics have estimated that this have victimized over 3.23 million
people in the world. this big number is continuously increasing in number.
Identity theft statistics have shown that it has cost nearly $53 billion
for both existing and new accounts. This large number of identity theft includes
individual and business victims in a year. No wonder why this big number
increases every year and is very hard to cease.
To be specific, identity theft statistics have shown that 47.5 billion people
have been victims of identity theft. The individual victims are counted to
have $500 per victim in a year.
According to identity theft statistics, most Americans have spent about 300
million hours in resolving the arising issue which is related to identity
theft cases. It has been estimated that in every 30 – 60 hours a victim
handles various matters, which are related to cases of identity theft which
includes creating an account or using existing accounts.
Identity theft statistics have proven that the people who have been victimized
by identity theft know the thieves who have stolen their precious and unique
names and identity. To avoid this from happening, you should not share important
information so that other people cannot access your accounts in any way.
Make sure that the people you share important information with can be trusted.
People whom you think cannot do the identity theft to you are the ones who
have the strong will to do it. Make sure that they will not have any idea
on how to restore such important information. Someone very close to you can
be a suspect. Anyone around you can be suspect and they choose no one so
you need to be very careful.
Identity theft statistics have shown that it starts in the workplace. You
might not know it but they could be your officemates, co-worker, employee
that you are patronizing.
Most identities of employees have been stolen because of their connections
to companies that are not handled carefully. Sometimes, your boss can even
be the suspect. He can have access to the personal information, which he
can retrieve upon application.
Identity theft statistics have shown that in the year 2004, the complaints
have been up for about 15 percent which was from the year 2003.
In the last five years, it has been reported by the Identity Theft Statistics
that more than 25 million people have been victims of the case. It is no
wonder that until now, the number of cases is still extremely high and rising.
Most Americans have experienced identity theft.
Identity theft was on the top of the complaints in the year 2004 and is still
getting higher. The identity theft victims naturally spend 175 hours to use
for their personal time and about $800 just to clear their names and restore
their credit history.
The Federal Trade Commission have estimated that a victim will spend 14-16
months of clearing their names in cases of identity theft. So it is important
that you keep your accounts safe because if you are a victim, you cannot
fix your credit easily and it will take too long.
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