10 Reasons You Should Care About Identity Theft More Than You Do
- Don't you ever just get mad that the bad guys keep winning? While so many are struggling to
keep their heads above water, crooks are raking in millions every day from their scams.
- If you're not already a victim, you probably will be. Some estimates suggest that one in every
four Americans has already been a
victim of
identity theft or fraud, so it's only a matter of time.
- Even if you're not a victim yet, you're still paying for it. The thousands of businesses and
government agencies that lose billions of dollars to scams every year or spend billions of dollars
(an estimated $50 billion annually) fighting them, have to recoup that money somewhere. And guess
where?
- Identity theft funds terrorism, a resurgence in organized crime, drug trafficking, and numerous
petty crimes. Need any more reasons?
- Don't rely on zero liability. I've heard too many stories of financial institutions fighting
tooth and nail to avoid having to make good on this promise to cover consumer losses.
- Your data is already out there. The personal records of more than 200 million Americans have
already been exposed in data breaches over the last few years, so chances are your personal
information is already out there. Did I mention it's only a matter of time?
- Identity theft is a truly heartless and life changing crime, and thieves don't discriminate. I
know of identity theft victims as young as 3 months and north of 90-years-old. And I know
personally of an elderly man in the bay area who has lost his life savings of $1.5 million to
Nigerian 419 scammers who now taunt him over his willingness to trust them.
- Law enforcement can't help. Most police departments have given up on identity theft, and won't
investigate any id theft crimes because they don't have the manpower, skills, or resources.
- The
businesses
that keep exposing your data to thieves are actually cutting back on security, so expect your
most sensitive data to keep on leaking.
- Identity theft has utterly changed the way we trust, do business, communicate etc. When was the
last time you felt safe leaving your mail at the curbside to be collected?