Identity Theft, Is There Hope For Victims?
Posted on January 1, 2008
One of the lesser known Id theft sources comes from none other than your credit card company , and to make matters worse Visa fines processing companies for breaches of security instead of helping them secure their data.
Most larger companies are indeed secure however a security breach can happen to even the most secure of companies, you can never be completely safe from Identity theft, and you certainly don’t want your good credit at risk.
There are truly an amazing number of data breeches every year, from a wide variety of sources, here are some examples taken from The Identity Theft Resource Center (a non profit organization) they are sponsored by a grant given by the U.S. Department of justice. they verify all data for accuracy.
Here are some statistics from January 1st 2007 thru November 11th 2007:
Banking/Credit/Financial total number of files exposed 9,303,617
Business such as retailers 57,950,790
Education 1,180,875
Government/Military 7,763,519
Medical/Healthcare 3,635,136
Total number of records exposed 79,473,937
There are many companies that promise or even guarantee to protect your identity. They generally come with varying amounts of insurance from $10,000.00 to a cool million if your identity is stolen. They will pay a million if you can prove to their satisfaction that you suffered a million or more in losses as a result of the Id theft.
Be aware that some major companies limit their liability to expenses incurred legally or through other services THEY deem as necessary due to the failure or defectiveness of their service. In any case, they will generally only pay for legal costs or other fees associated with the failure of their service. The cost of these programs varies depending largely the amount of insurance so, if you decide to use one of them to aid in protecting your identity, inspect the guarantee carefully.
M. Coughlan is an advocate of Identification Theft victims. For free updates from all over the U.S. regarding Identity theft what to do if you are a victim and steps you can take to keep from being a victim go to: http://www.squaredealcards.com/id_theft
Tags: identity prevent theft, identity protection theft, isentity theft
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