Interesting Identity Theft Statistics

Knowing Identity Theft Statistics Can Reduce Your Risk of Identity Theft

Identity theft statistics can be quite an eye opener for many individuals. Many of us know how to reduce the likelihood that we will become a victim of identity theft, but that is the extent of our familiarity with the subject. Knowing identity theft statistics can lead us to make positive changes that can reduce our potential for becoming a victim of identity theft.

Where Do You Live?

The likelihood that you will become a victim of identity theft depends partly on where you live. California tends to have the highest number of individuals who become victims of identity theft. New York, Texas, and New Jersey often rank in the top ten states for identity theft too. If you live in one of the states that ranks in the top ten for identity theft, make sure you take preventative measures such as shredding important documents and safeguarding your social security number.

How Old Are You?

Think senior citizens are at the highest risk? Think again. People between the ages of 30 and 39 often represent the highest number of people affected by identity theft, which is considered the fastest growing crime in America. Individuals under the age of 18 are typically the least frequently targeted.

How Common is Identity Theft?

Some identity theft statistics estimate that thirteen identity thefts occur every minute. The amount of time and money spent repairing the damage that identity theft causes is quite considerable. It is not uncommon for the average victim to spend over $1,000 on trying to repair their credit. In addition to money, many victims also spend a lot of time trying to repair the damage. It is not unusual for a victim to spend more than 150 hours trying to counteract the effects of identity theft. Clearing your name after being victimized by identity theft can quickly become a full time job.

While they may be scary, knowing identity theft statistics can have a positive effect on your own financial future. Once you realize how many people have been victimized by identity theft, you will be more likely to take preventative measures to reduce your own risk.

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