In 2009, 11.1 million adults were victims of identity theft, according to a study by Javelin Strategy & Research. This was a 12% increase from 2008. One of the biggest problems with identity theft is the cost to consumers both in time and money. The study shows that the average fraud victim spent 21 hours and $373 trying to clear their name of identity theft.
You get collection calls about accounts you never opened.
Your credit report contains an account you didn't open.
Your credit card bills suddenly stop coming.
Read the seven signs, here.
Just as interesting, you may KNOW an identity thief! Many people worry about hackers stealing their passwords or Dumpster divers grabbing their financial documents. But a big chunk of identity theft is committed by the victim's nearest and dearest -- or at least someone the victim knows.