If you are concerned about identity theft or have been the victim of identity theft, using an identity theft protection service is one way to help you get peace of mind. A safe step is to sign up for a credit monitoring service that tracks all 3 of your credit reports on a daily basis and notifies you of changes on your credit reports credit reports while also providing you with all 3 of your credit scores.
Identity theft is America's fastest-growing crime. The identities of millions of Americans are stolen every year, depriving them of billions of dollars and ruining their credit...read more
What is identity theft? There's no getting around it, identity theft is one of the most pervasive and harmful crimes inflicted on Americans.
Pervasive, because it impacts more than 11 million Americans annually. Harmful, because identity theft can separate a consumer from a good chunk of his or her bank account – and potentially ruin one's financial identity. Which is one of the many reasons why identity theft protection has become a key resource for consumers to safeguard their financial well being.
But is that the limit, as onerous as it is, of identity theft? Hardly. There are plenty of other areas where the "true cost" of identity theft comes into play – and here's a look.
The ITRC says that 40% of respondents in an identity theft survey reported "stressed family life" among the issues they dealt with after an identity theft situation.
Identity theft is a heinous crime. But don't think for a minute that it's all about the dollars and cents lost after the crime. The true cost of identity theft is much higher than that.
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