Identity Theft: It Won't Happen To Me.
"I got bad credit, I'm not worried" "It happened to a friend of
a friend" "I've got other priorities now" "All it takes is
guarding your Social Security number" "I can trust the people
These quotes are all too common regarding identity theft. The
problem is the Federal Trade Commission, various law enforcement
agencies and identity theft experts have stated there are no
100% guarantees and the numbers for identity theft keep getting
"I got bad credit so I'm not worried"
Just recently KFLY TV in Lafayette Louisiana reported that 2 men
were arrested for stealing the identity of 2500 people. Identity
thieves don't run credit checks before they steal your
identity.All they need to do damage is a little bit of your
"It happened to a friend of a friend"
This one should really alert people. The reason ? Everybody now
knows somebody who's been victimized. That alone tells you what
an epidemic identity theft has become. Last year 10 million
people had their identities stolen. Many experts think that
number will double this year. They also fear the 10 million
figure is too low. Why? Many victims don't report the crime.
"I've got other priorities now"
Once your identity is stolen there is only one priority: Getting
it back. On average it can take 175 hours and out of pocket
expenses totaling 15,000 dollars according to the FTC.
"All it takes is guarding your Social Security number"
In February of this year Bank of America announced that 1.2
million federal employee credit card accounts may have been
exposed to identity theft. In June Visa and MasterCard announced
that 40 million cardholders maybe at risk when the database of
their third party processor was broken into. Many of these
people no doubt guarded their Social Security number faithfully
but thru no fault of their own they're at risk.
"I can trust the people around me"
This one hits home and may hurts the worst. 50% of all identity
thieves are known by the victim. Family members, friends and
neighbors do more damage than total strangers.
There are other reasons people give. Yes it may never happen to
you but identity theft is now a full blown epidemic that affects