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 Identity Theft Often Done by Someone You Know

Are you a victim of identity theft? Chances are the perpetrator might be someone you know. At least, that’s according to a recent report from Experian-Gallup.

The latest Experian-Gallup Personal Credit Index states that one in five consumers – about 21 percent – who report theft of personal or financial information say that the perpetrator was someone they knew personally. In addition, 77 percent of consumers polled think of credit card fraud as identity theft.

The poll also finds that about one in six consumers (16 percent) report having had their financial information stolen, such as bank or credit card numbers. About 12 percent state that their personal information was stolen, such as their Social Security number, driver’s license or birth certificate.

Overall, about 13 percent of all consumers experienced some monetary loss from having their financial or personal information stolen. That number includes 2 percent of consumers who have had a new credit card or bank account set up in their name, which is defined as identity theft. The other 11 percent can be classified as victims of financial fraud rather than identity theft.

Most consumers have taken steps to prevent identity theft from happening to them, but most said they would do more if they knew what exactly to do. The poll shows that 74 percent say they would take more preventative measures if they only knew what to do.

The poll also states that 81 percent say they shred financial documents or credit card offers before throwing them in the trash. In addition, 52 percent regularly check their credit reports and 46 percent pay for anti-hacking software. About one in five (19 percent) have bought a credit monitoring product and 11 percent have paid for identity theft insurance.

 


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