Frequently Asked Questions
On this page you will find answers to a few frequently asked questions about the Identity Theft.
What is Identity Theft?
The act of using someone's personal information (such as a name, address, account number, driver's license number, Social Security Number (SSN), health insurance number) without that person's knowledge, and using the assumed identity to commit fraud or theft.
How can identity thieves get my information?
Most instances of identity theft take place off-line. Identity thieves have become increasingly savvy at gaining access to people's personal information. Here are some sources thieves employ:
- Hacking into a bank, credit union or credit card company's database
- Bank statements
- Credit card statements
- Dumpster diving - the act of going into people's garbage searching for junk mail, bank statements or other material that may contain personal information
How much does it cost to repair an identity theft?
The mean fraud amount per victim of identity theft is $4,841. The mean cost to the consumer of identity theft is $373. The cost to repair an identity theft goes beyond the financial and includes significant time spent to resolve the issue. The mean resolution time for an identity theft occurrence is 21 hours. - Javelin Research & Strategy Learn more.