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- Identity Theft is one of the nation's fastest growing crimes. (NAID)
- In 2003 alone, it was reported that 9.9 million people were victims of Identity Theft. (Orlando Sentinel)
- The Federal Trade Commission (FTC) estimates that every year over 700,000 US citizens are sufferers of identity-theft and the average loss per victim is about $20,000. It can take up to two years for victims to mend their damaged credit history. (NAID)
- ID Fraud - from simple theft and use of someone's credit card to the stealing of a person's
identity - has cost businesses $48 Billion and its victims $5 Billion in the past year. (Orlando
- Some victims of Identity Theft have been forced to legally change their names, while others have spent years trying to untangle their credit. (USA Today)
Identity Theft occurs when someone co-ops your name, Social Security number, credit card number, or some other piece of your personal information for their own use. In short, identity theft occurs when someone appropriates your personal information, without your knowledge, to commit fraud or theft.
The Federal Governments website http://www.ssa.gov/pubs/idtheft.htm
, is a great resource to understanding and coping with identity theft.
How does Shredding Minimize Risk of Identity Theft?
By shredding personal and confidential information, the likelihood of a criminal overtaking one's identity decreases. Less material for someone shifting through the garbage looking for private information means less chances of trouble.
Businesses also have a responsibility to protect the confidential information of their employees. Offering a document destruction program displays your commitment to the safety and security of your employees.
Our inexpensive paper, CD, DVD security shredders can help you comply with HIPAA, learn more about our paper, CD, DVD security shredders here.
Related Resources - Identity Theft
What is the Sarbox Act or Sarbanes Oxley Act?
Identity Theft Awareness
Economic Espionage Act of 1996 (EEA)
Gramm-Leach-Bliley Act of 1996 (GLBA)
Health Insurance Portability Accountability Act of 1996 (HIPAA)
Georgia State Bill 475
Federal Survey: "Identity Theft Hits 1 in 4 U.S. Households"
"House Votes to Fight Identity Theft"
"ID Theft Reforms Don't Go Far Enough"
"Hot Topic: Fraud"
"License to Steal"
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