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Identity theft statistics
Experts contend that as many as ten million individuals suffer identity thefts in a year. Identity theft statistics show that a considerable number of between thirty eight to forty eight percent discover about identity theft three months after the start of the identity theft. Nine percent to eighteen percent take up to four years and more to discover that they are actually victims of this kind of theft. Identity theft statistics show that victims normally spend a considerable period of time rectifying the situation after suffering from identity theft. A minimum of three hours to a maximum of five thousand eight hundred and forty hours are spent in remedying the damage. The time taken to remedy identity theft may vary on a case by case basis. The severe identity thefts normally take a longer period of time to remedy, than those of less severity. The average number of hours that it takes to remedy the damage is three hundred and thirty hours. Twenty six percent to thirty two percent of identity theft victims normally take four to six months to remedy the damage. Between eleven and twenty three percent of the victims take up to seven months and sometimes a whole year to remedy them against identity theft. Identity theft costs a lot of money worldwide. Identity theft statistics show that up to two hundred and twenty one billion dollars is lost annually by businesses worldwide through identity theft. Individual identity theft victims lose on average one thousand eight hundred and twenty dollars to fourteen thousand three hundred and forty dollars annually to deal with their cases. Over thirty per cent of identity theft victims suffered from frauds related to their cheque accounts. Over two thirds of identity theft victims testified that their personal information was used to open accounts in their own names. There are also identity theft victims whose personal information was used to buy mobile phone services. A research found out that twenty eight per cent of the victims of identity theft found their details used to buy mobile phone services. Slightly over ten percent of identity theft victims complained that their details were used to issue warrants to them. Forty three percent of identity theft victims say that they can positively identify the person who committed identity theft on them. Some people believe that the person who uses their identity to commit theft is an individual within a business organization that has their personal data. This group comprises of up to fourteen to twenty five percent of identity theft victims. Identity theft statistics show that a majority of people have been victims of this menace. If you have not yet, then it is advisable to always be on the lookout. ?

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Identity theft organizations
Personal information or data is the kind of information that is supposed to be accessed by the owner of such information only. However, at times other people may wrongfully or fraudulently obtain such information and use it to commit crimes for their benefit and to the expense of the owner of the information. This is referred to as identity theft and is classified as a crime. Identity theft falls into various categories, but one common thing about all types of identity theft is that most of them take quite a long period before one detects it. Secondly, upon detection it may be too late so that much will have already been lost. Fraudsters are professional thieves who mostly use technology as their device to carry out their dubious activities. As the title suggests, they enrich themselves through fraud. Identity theft has been in existence for quite a long period but it has been on the rise in the recent past more than ever before. Perhaps it is because technology keeps advancing by day. Mostly, fraudsters work as individuals as they find it easier doing so. Research conducted recently however indicates that there exist identity theft organizations. This basically means that hackers come together, and as a company or an organization their major goal is to defraud as many unsuspecting victims as possible. Normally, such organizations will pose as genuine organizations providing genuine services and will then take advantage of unsuspecting customers to defraud them of their money. Alternatively, such organizations may impersonate themselves, taking the image of a real and existing genuine company and thus attempting to collect bills and other such money from the customers. These organizations are well structured, and it is not easy to suspect that they are a bunch of fraudsters. In most cases, they always have a genuine business that they run and it is this genuine business they use to hide their dubious and fraudulent activities. The most common activity that identity theft organizations engage in is lottery. They therefore assume the identity of an existing lottery company or better still pose as a genuine lottery company, and it is from this position that they are able to defraud many people of millions by way of conning. Another method that identity theft organizations use is making counterfeit documents, like driving licenses and insurance cards. Using these counterfeit documents, they can easily open bank accounts and consequently receive payment under a wrong identity. They can also use these cards to defraud a financial institution. Verification of the genuineness of an organization before submitting any personal information is thus of great importance.

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