About 77% Americans are frightened of having their identity stolen including 23% who are very frightened. About half of Americans (46%) have either been a victim of identity theft or know someone who was, up 12 percentage points from 2008.
According to a new Bankrate.com report, one in five Americans are not at all worried about having their identity stolen. 30-49 year-olds are the most nervous about identity theft, while millennials (18-29 year-olds) are the least concerned.
Many Americans aren’t taking the necessary precautions to protect themselves from identity theft. 42% don’t check their credit reports regularly and 41% conduct banking and other sensitive business on unsecured Wi-Fi networks that do not require a password.
In addition to free credit reports and scores (updated monthly), myBankrate.com also offers identity theft insurance worth up to $1 million. It guarantees reimbursement for expenses related to identity theft restoration such as replacement documents, fraudulent withdrawals and much more.
For data, background and forecasts on Identity Theft: Search CardWeb.com’s CardFlash® Library of more than 58,000 archived articles; Access CardWeb.com’s CardData® for current and historical Performance, Portfolios, Profiles, etc. Visit RAM Research® (ramresearch.com) for quarterly and annual forecasts covering more than 150 metrics. [complimentary or deeply discounted access to CardWeb.com subscribers].
Additional database resources include CardWeb.com’s CardExecs® – comings & goings of payments movers & shakers; CardWeb.com’s CardWatch® – ears & eyes on marketing globally (57K items); and CardWeb.com’s CardPixes® – form & function of card design (7K items).