Source: National Cyber Security – Produced By Gregory Evans
There’s no question that identity theft is a problem in the United States. A 2015 study released by Javelin Strategy & Research found that there were 12.7 million victims of identity theft in the U.S. 2014. That works out to a new identity fraud victim every two seconds. Identity theft has topped the list of consumer complaints made to the Federal Trade Commission for the last 15 years. And, of course, identity theft has claimed the top spot on the Internal Revenue Service’s (IRS) Dirty Dozen list for several years running. It should be no surprise, then, that businesses and other organizations have ramped up their efforts to keep personal information secure, including offering complimentary identity protection services to customers and employees. This includes credit reporting and monitoring services – the same kinds of services that IRS offered to affected taxpayers earlier this year after taxpayer accounts were improperly accessed using the “Get Transcript” app. These services cost money. Services can range from one time fees to monthly fees upwards of $30 per month. According to Consumer Reports, about 50 million U.S. consumers spent $3.5 billion in 2010 on various identity protection products, a number that has likely grown over […]
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