While identity theft has been around for decades, we’re entering a new era. Never before have people had so much personal information stored online, and never before have there been so many ways to use it. It’s easier than ever to obtain your information, while it’s becoming more difficult to erase it from the Internet.
Identity theft is a crime without borders – if your identity gets stolen, you’ll have to deal with headaches from New York to London. In fact, a new study shows that 59% of Americans have had their identity stolen. The average victim spends $8,000 and takes 200 hours recovering from the crime.
The rate of identity theft has been increasing 9% every year for the past decade, and it shows no signs of slowing down. However, some are trying to improve the situation. In California, a new law will require businesses that collect data to provide better security for their customers’ information. The Federal Trade Commission has also tried to combat identity theft by publishing guides with advice on how to be aware of your personal information online and ways you can prevent thieves from stealing it.
All these efforts are good, but they’re just treating the symptoms – not the disease. The core of the problem is that your information is out there, and it’s far too easy for someone to use it without you knowing. This means that the solution is simple: we need to stop collecting so much information about people online in the first place. As long as we continue to create a massive target for thieves, you can bet the problem will only get worse.
Identity theft has never been easier. Take it upon yourself to be vigilant about protecting your information, because no one else will do it for you.
The rate of identity theft is increasing 9% every year
The rate of identity theft is increasing 9% every year by about 12 million incidents. Identity thieves are capable of getting all the information they need to steal your identity from just one misfiled piece of paper, even if it’s never online. Your data might not be safe anywhere at this point.
It may have become easier to steal someone’s identity, but we can make it easier to protect one’s own identity as well. Identity theft protection and restoration services like LifeLock help their subscribers through financial compensation and other services should identity theft occur.
Criminals are increasingly taking advantage of recent data breaches and social media to get the personal information they need to commit identity theft. As we’ve seen with recent breaches of MySpace and LinkedIn, criminals can use your stolen password from one site to access others.
They aren’t just hacking our big-name sites, either. They’re becoming increasingly adept at gaining access to everyday accounts as well as seeking out
In order to resolve it, we need to stop creating too much information about people online
Thieves are not running through the streets stealing purses at knifepoint, but they are robbing people of their identities. Today’s identity thieves do not need to get close to you physically in order to get your personal information. Hackers have found it easy to steal information from big corporations protected by layers of security. The stolen information is then used to commit crimes in your name, such as filing fraudulent tax returns using your social security number. They might also try to get medical treatment, credit, government benefits, and more using their ill-gotten gains.
“It’s an epidemic,” said Steven Toporoff, a lawyer at the federal Internet Crime Complaint Center in Washington, D.C
“We are all vulnerable to identity theft,” said Toporoff who would not reveal any information about his credit history. Identity thieves are often skilled at manipulating the system, so it can be difficult for consumers to protect themselves against identity theft.
We need to stop collecting information about people online in the first place
The Internet has made it easier than ever to expose your personal information. The digital age has created a huge market for this information, so much so that criminals will steal it in bulk and sell it to identity thieves.
Just as the Internet creates a wealth of opportunities for us, criminals use it to their advantage whenever possible. By stealing large amounts of data from across the Internet, they can get access to personal information that can help them commit crimes or steal your hard-earned money.
Digital technology has made the world a lot smaller, making it easier to communicate with anyone on the Internet at any time. Unfortunately, this also makes it easier for criminals to get an opportunity to expose their personal data and use it however they want.
The rate of identity theft is increasing 9% every year, criminals are increasingly taking advantage of recent data breaches and social media to get the personal information they need to commit identity theft. We can make it easier to protect one’s own identity as well, but we need to stop collecting information about people online in the first place. The Internet is filled with personal information that many people are unaware they’re sharing, and it’s becoming easier to use that information to break the law. Identity thieves can take your data to commit crimes in your name or to steal your hard-earned money.