Identity Theft Hits 3-Year High

Fraud strikes 12.6 million Americans

By Neal Colgrass,  Newser Staff

Posted Feb 25, 2013 2:47 PM CST

(Newser) – Wondering how safe it is to use your credit card? A long-running study shows that identity theft reached a three-year high in the US last year, striking 12.6 million people, LiveScience reports. Fraudsters ripped off $21 billion, the most in 3 years, and stole an identity every three seconds. What's more, a quarter of American adults notified of a data breach were victimized anyway—meaning people should pay better attention to those notifications. Another sad result: Fraud victims become more cautious about using credit cards with smaller online businesses, but didn't worry about big retailers like Amazon. The study has better advice for avoiding identity theft, however:

  • Shred financial documents around tax season. Fraudsters like combing through your garbage.
  • Use a safe connection when buying things online. Look for that "https" URL and a padlock in the address bar.
  • Stay skeptical about sharing personal details, especially your Social Security number; people whose number became compromised were victimized five times more often than the typical consumer.

Identity theft in action, except this Social Security card is blank.
Identity theft in action, except this Social Security card is blank.   (Shutterstock)
« Prev« Prev | Next »Next » Slideshow
My TakeCLICK BELOW TO VOTE
2%
9%
51%
2%
30%
7%
To report an error on this story, notify our editors.

NEWS FROM OUR PARTNERS
Other Sites We Like:   The Street   |   MSN Living   |   PopSugar Tech   |   RealClear   |   24/7 Wall St.   |   Biography   |   Barstool Sports   |   OK!