20 Identity Theft Statistics Every Policyholder Should Know
Did you know that identity theft affects more than 13.1 million people and reported in at least 7% of U.S. households each year? There is no doubt about it, identity theft is one of the most commonly committed crimes in the United States. Even when you think that you are being extra cautious about protecting your identity, there are so many different identity theft types and techniques that many people are still in the dark about some of the identity theft's scary realities.
We want to help keep you protected and aware of the danger of identity theft, so we have compiled a list of 20 jaw-dropping statistics:
Identity theft has been the #1 consumer complaint received by the Federal Trade Commission (FTC) for the past 14 years.
Every 2 seconds, another American becomes a victim of identity theft.
Households with an annual income of $70,000 or more are twice as likely to experience identity theft.
Americans lost more than $18 billion dollars as a result of identity theft in 2013.
The average financial loss per identity theft incident is $4,930
Victims who found out about their identity theft more than 6 months after the fact incurred costs that were 4x higher than the average.
The average victim spends 330 hours repairing the damage done by identity theft.
61% of people are never able to fully recover the data lost from a cyber-attack.
The age group with the most identity theft victims is ages 20-29.
The names of more than 2.5 million deceased Americans have been used to apply for credit products and services.
66% of people report using the same password for multiple accounts.
Smartphone owners have a 33% higher rate of identity fraud.
62% of smartphone owners don't use a password on their phone's home screen.
Children are targeted 35x more often than adults.
43% of identity theft cases result from stolen wallets, credit cards, billing statements, or other physical documents.
Receiving bank statements to your home makes you 8x more likely to have your information stolen than going paperless
There were 619 data breaches recorded in 2013
The healthcare sector accounted for 43.8% of the total breaches in 2013 - more than any other industry.
26% of U.S. adults have checked their bank account on a public Wi-Fi network.
Hackers can crack an 8-character password in all lowercase within 2 hours. Adding an uppercase letter and symbol can make it take 200 years.