White Papers
Identity Theft: An Ounce of Prevention is Worth a Pound of Cure
Sections in this White Paper:
- Introduction
- The Size and Cost of Identity Theft
- How to Minimize the Risk of Becoming a Victim
- Red Flags of Identity Theft
- Steps to Limit the Damage of Identity Theft
Introduction
Identity theft is when someone steals your personal information and uses it without your permission. It is serious crime that can really make a mess of your finances your credit history, and your life.
Identity theft can happen to anybody; victims include a former chairman of the Joint Chiefs of Staff, the head of a large hedge fund, celebrities, corporate CEOs, and even the chairman of the Federal Trade Commission.[1] A study conducted by Experian in 2010 identified affluent suburban households as the most at-risk demographic for identity theft.[2]
In 2014, a number of high-profile hacking incidents of companies like Target, Michael’s, JPMorgan Chase, Home Depot, Staples, Sony Pictures, and Anthem Health Insurance have brought the issue of identity theft protection to the forefront of the business and personal security worlds. The perpetrators of these hacks obtained employee information, customer credit card information, and social security numbers.
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