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Did you know one in 25 Americans were victims of identity theft in 2011?
While identity theft might not sound like a particularly gruesome crime physically, it can take its toll financially. The average cost incurred by victims of this crime is over $600. Collectively, that equals to 1.52 billion dollars of money lost to identity theft in the US in 2011 alone—these are no small potatoes.
What’s more staggering is the relative numbers of this crime. In 2011, 67% more people had their identities stolen than the previous year. And if you’ve had your identity stolen once, it’s 9.5 times more likely to happen again. How does this happen? A lot of the identity theft is carried out via malware and malicious web domains.