Blog > Protect Yourself from Cyber Crime
Identity fraud is one of the fastest growing types crime in the U.S. and it can be devastating. When your identity is stolen, it usually takes a fair amount of time and money, and a considerable amount of frustration, to make sure the fraud is contained and you don’t suffer any more adverse consequences.
Identity theft, also known as identity fraud, is a crime in which an imposter obtains key pieces of personally identifiable information, such as Social Security or driver’s license numbers, in order to impersonate someone else. Different types of identity theft include tax-related, medical, child and senior and more.
What are the current trends of cyber crime?
What do I do if I think my identity has been stolen?
If you think your identity has been stolen, report it immediately. IdentityTheft.gov is a great resource. You can report the incident and get help in putting together a recovery plan.
Identity theft insurance provides reimbursement for expenses you have to pay to fight identity fraud and restore your name and credit. Depending on your policy, these costs can include the following:
Is identity theft insurance expensive?
No. It generally runs in a $25-$40 range, for limits of $15,000 to $35,000. Obviously, the price can vary depending on the type of services offered, the limit selected, and on your risk assessment. Identity theft is generally offered as an add-on to a homeowners’ policy, which helps keep it affordable.
Sources: 2017 Identity Fraud Study, Javelin Strategy & Research. 1 Feb 2017. https://www.javelinstrategy.com/press-release/identity-fraud-hits-record-high-154-million-us-victims-2016-16-percent-according-new Identity Theft and Cyber Crime, Insurance Information Institute. http://www.iii.org/fact-statistic/identity-theft-and-cybercrime
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