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.
Early detection is always key when it comes to fighting identity theft. The sooner you find out about a theft occurrence, the sooner you can take steps to prevent further damage. Learn to recognize the signs of identity theft so you can respond quickly.
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