Identity Theft Facts
By Reece Block
Identity theft is the fastest growing crime in America.
It takes the average victim an estimated $500 and 30 hours to resolve each identity theft crime.
Who has the biggest risk of identity theft?
Truthfully anyone could become a victim of identity theft. Yes, even the baby. But, the number one target for identity theft is people ages 18-24. People in that age range are so digitally oriented. They put the details of their life out on the Web repeatedly, without any real safeguards. And because people in that age group tend to move a lot, tend to be in different career and education settings, they lose track of the fact that somebody may have seized their identity.
How long does it take teenagers to find out they have been a victim?
It takes people between 18 and 24 almost three times longer to figure out they’ve been a victim of identity theft than any other age group.
How Much Can you Lose?
The answer is a lot. Forbes 45th richest man, Donald Bren, stole a 1.4 million dollar tax refund check. According to the federal court the thief set up a bank account in Donald Bren's name and transferred the money out of the account. So the answer is you can lose a lot, even if you have the money to have security precautions in place. Donald Bren's net wroth was listed at $12 billion.