"Identity Theft Statistics are spinning out of control. Your personal information is on file everywhere and thieves are stealing it to not only establish credit, but they use it for employment, insurance, benefits and social security fraud. It’s crucial to have a thorough protection plan that helps minimize your risk, and takes over all the time consuming work if you do become a victim. Other programs offering credit monitoring and fraud alerts only deal with part of the problem. I worked with Zander Insurance to help make sure their program was the most comprehensive and affordable plan available. That’s why I bought it for my family, my team members and recommend it for all my listeners and their families."
- DAVE RAMSEY
Identity Theft Insurance: Identity Theft Statistics

- 167 data breaches occurred in the first quarter of 2008 affecting 8.3 million people.
- As of April 22, 2008, 205 data breaches have occurred this year.
- Over 200 million people have had their identities compromised in a data breach since 2005.
• 2007 Data Breach Breakdown:
24.5% government/military agencies
24.7% from educational institutions
29.3% from general businesses
14.5% from health care facilities / companies
7% from banking / credit / financial services

- According to the Gartner study on Identity Theft the 2006 victim population was at 15 million victims.
- That means every minute about 28 ½ people become a new victim of Identity Theft or a new victim in just over 2 seconds.
- Hours spent: In 2004, victims spent an average of 330 hours recovering from Identity Theft, often over a period of years compared to 600 hours in 2003.
- In 2004 the total reported hours ranged from 3 hours to 5,840. This difference is due to the severity of the crime- a lost credit card vs. the use of your Social Security number or information to be your “evil twin.
- Impostor relationship to victim: In 2004, of the 43% who believe they knew their impostor, 14% said that it was an employee of a business who had their information, as compared to about a quarter of respondents in 2003.

Identity theft remains the #1 concern among consumers contacting the Federal Trade Commission. According to the FTC, the recovery process can take almost 500 hours and as much as $3,000. In addition, the FTC says that 41% of ID Theft victims are still dealing with the problem two years later.
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According to the World Privacy Forum, as many as 250,000 to 500,000 consumers have been victims of medical identity theft as of mid-2006.Victims of medical identity theft may suffer financial pressures and losses. Victims have to clean up not just their medical files, but also their financial files as a result.
InfoWorld article dated July 16, 2007 says 90 percent of businesses are at risk of losing your personal information.

According to the FBI, identity theft is one of the fastest-growing U.S. crimes. Studies show that about one in five families has been a victim.



