DID YOU KNOW?…Identity theft is the fastest growing crime in the United States. It affects as many as one out of 10 U.S. consumers and costs businesses and individuals billions of dollars every year. In fact, more than 20 people become victims of identity theft every minute of every day in the United States alone!
Becoming a victim of identity fraud is a frightening, frustrating experience. It can happen to anyone at any time.
When most people think of ID theft, they think of stolen credit card numbers. But ID theft is exactly that–the theft of an identity. Stolen identities can and are used to fraudulently obtain medical services, commit crimes, acquire fraudulent documentation, and obtain credit for which repayment will never be made.
FACTS ABOUT ID THEFT
As stated earlier, identity theft is the fastest growing crime in the United States, and the most feared. Here are some facts you should know:
- Identity theft affects one in 20 households, costs billions of dollars every year to businesses and, on average, takes hundreds of hours for a victim to regain pre-theft status.
- 1 in 10 American consumers have already been victims of identity theft.
- Over 50% of all identity theft is the result of the taking of a physical document, such as a credit application or account statement, which is often done via the Internet, mailbox, trash, or theft of non-public personal information.
- Over 20 people become victims of identity theft every minute of every day in the United States.
- 41% of victims who did not have Identity Theft Protection are still dealing with the issue more than 2 years after discovering it.
- Thieves often target the very young or the elderly or the recently deceased.
- Average fraud amount per victim was $6,400 in 2013. On average, victims incur between $800 – $1,400 in expenses related to restoring their identity. Average victim spends over 330 hours trying to reverse the damage.
- New Account Fraud
- Account Takeover Fraud
- Criminal Identity Theft
- Medical Identity Theft
- Identity Cloning
- Commercial Identity Theft
- Additional adverse effects of ID theft (without protection services) include: financial problems; high interest rates; denied employment; harassment from collection agencies; unauthorized use of medical benefits; low credit score; denied credit, tuition, or loans; higher insurance premiums; and even arrest.
There is good news though. You can protect yourself and your family against identity theft with PrivacyMaxx’s proprietary Identity Early Warning System. It monitors billions of public data sources to protect against ID theft and its potentially life-altering effects for victims.
Description of Services:
- Coverage for you and your immediate family (spouse or domestic partner, children at the same address up to age 25, IRS dependents sharing the same address regardless of age, or nursing home/hospice, or deceased 12 months or less).
- Internet Monitoring Service: a real-time, PROACTIVE alerting and monitoring service.
- Fully-managed ID recovery service.
- Coverage for ID theft with no family fraud or other exclusions.
- Unlimited restorations.
- No deductible.
- Service will work to restore credit and identity to pre-theft status.
- A FULL 12 months of post-recovery monitoring.
- Toll-free victim hotline.
- A Personal Recovery Advocate working on the customer’s behalf to contact agencies and institutions, submit fraud alerts, complete forms and perform follow-ups.
- Service Guarantee (up to $25,000 value) to cover costs for doing whatever it takes for as long as it takes to help recover and restore identity to its pre-theft status.