How Much Can Identity Theft Impact Your Life? GUEST POST
In a digitally-connected world, our identity is more public than ever before. Identity theft can happen to anyone including newborns still in the learning basic survival skills to those enjoying their last few years. Identity protection is no longer a guarantee and individuals and companies need to take active steps in preventing fraud. Last year in the United States, 15 million people were the victim of over $16 billion stolen from fraud. Identity theft doesn’t affect only a victim’s income and bank account.. Criminal records, credit scores, and even medical records are open game to criminals.
The most common form of identity theft starts with a fraudulent bank account or credit card charge. About 86% of identity theft victims recognized an early bank account or credit card charge that wasn’t authorized. Those that catch the charge early can typically have the problem fixed within a matter of hours. Not all people are so fortunate, though. Some fraud cases can take years to resolve while 1 out of 4 never fully recover from the fraud.
Higher usage on social media platforms also puts users at a higher risk. Social network users are 46% more likely to experience fraud. Online shoppers also face a 30% higher risk of fraud than those that stick to traditional shopping venues. Taking regular steps such as removing credit card information from your computer, frequently changing and creating complex passwords, and protecting your online accounts can help protect that extra money you worked hard for from thieves.
Whether you’re 30 and just starting a family or 40 and in the prime of your career, staying diligent with your safety is more important than ever. Check out the infographic from Investment Zen below. You’ll learn a little more about identity theft and a few tips to help reduce your risk. If you suspect identity fraud at any time, call the Federal Trade Commission and file a report.
This is a guest post from Megan Wells at Investmentzen.com The Infographic is their unique property and copyright and is used with permission.
Image Credit » Via: InvestmentZen.com