Identity Theft by Phishing
Stealing Your Life: The Ultimate Identity Theft Prevention Plan
by Frank W. Abagnale

Stealing Your Life is more frightening than a gory murder mystery. Any one of us, from cradle to grave, is vulnerable to a swindle that can wreck us emotionally, cost us serious money, ruin our credit ratings, and take us years to straighten out. Identity theft is here to stay, and as long as legislators, businesses, law enforcement agencies, and individuals fail to take it seriously, the number of victims will continue to climb.

For thirty-two years, the author has been a law-abiding citizen; his criminal past, famously recounted in the book and film "Catch Me If You Can," is a distant memory. However, he knows how crooks think, and this knowledge has led to a lucrative career as a consultant for the FBI and corporations all over the world in preventing frauds and scams. Abagnale is horrified at how easy and tempting identity theft is for the budding criminal. He calls it "a crook's dream come true."

     

Identity Theft by Phishing

Identity Theft Insurance

Identity Theft by Phishing * Identity Theft Insurance

Identity Theft Insurance - Should You Get One?   
Carl LaFresnaye

Despite the recent drop in cases of identity theft and fraud among adult Americans (from over 10 million in 2003 to 9 million for 2006), a significant market still exists for identity theft insurance.

Part of the reason is the many horror stories played up in the media, but it is also partly because identity theft insurance costs are very low.

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Bogus Tweet Fears Dog AFL (Herald Sun)
PLAYERS have been urged to report fake Twitter accounts as internet identity theft continues to dog the AFL.

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Many find it better to purchase a $25 identity theft insurance policy than to have to worry about the consequences of an increasingly electronically driven lifestyle.

So you have companies like MetLife Auto & Home, American International Group, Travelers, Farmers Group, etc. offering identity theft insurance.

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Symantec Reports Surge In Phishing Attacks (V3.co.uk Via Yahoo! UK & Ireland News)
February saw a dramatic rise in phishing attacks and the use of current events to persuade unsuspecting web users to download malware, according to the latest monthly spam report from Symantec.

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Aside from entry-level $25 policies (which offer $15,000 worth of coverage), these companies also offer $50-$60 policies (approximately $25,000 in coverage).

All these factors have combined to make identity theft insurance the fastest growing insurance product in years.

Experts suggest that your identity theft insurance plan, if you do decide to get one, should only be a rider on your existing policy, so check first with your insurance company.

But do you really need identity theft insurance? Well if you ask your insurance company (or surf their website), they'd probably make a pretty convincing case for buying some. What you don't hear to often is the case AGAINST buying identity theft insurance.

Identity Theft Insurance - Why Experts Say You May Not Need It?

Identity theft insurance was designed to pay for the cost of fixing your credit standing. This may include reimbursements for notary costs, telephone bills, certified mailing expenses, lost wages, loan re-application fees, and certain legal fees.

So why shouldn't you avail yourself of identity theft insurance? Critics offer these five reasons.

1. It may increase your risk of being victimized because it makes you complacent.
2. The seemingly low policy cost is not good value compared to the risks.
3. Your bank, credit card company, or broker will cover losses that are a direct result of identity theft anyway.
4. It isn't real insurance as it won't fix the poor credit rating or erase the criminal record generated by the theft.
5. You'd still have to go through the long, tiresome process of fixing the problem yourself.

Although cases of identity theft are indeed going up, some statisticians peg the odds of being victimized as not worth the cost. What's more, the FTC says that less than half the victims spend more than $1,000 to fix the problem.

The only thing that the American insurance industry and critics of identity theft insurance agree on is this: the best insurance is still prevention.

Index of Articles about Indentity Theft

What Other Authors say about Indentify Theft

Identity Theft Crimes by Tony Robinson

The cost of identity theft crimes is ranging in the billions, since everyday someone is robbed of their identity. The FBI, Police Departments around the world, Government and other teams are joining to...

Internet Privacy a Growing Concern by J. Barbour

Lets face it, we look at stuff on the internet, in the privacy of our own homes that we would never look at in public. How often do you walk into your local bookstore and proudly by the latest Penthouse...

Identity Theft in a Shrinking World by Carl LaFresnaye

Identity theft and fraud was already a multibillion-dollar criminal industry back in the 1990s. Although the NUMBER of identity fraud cases in on the decline, the TOTAL COST to America is on an up trend....

Identity theft basics by Mansi Gupta

Identity theft is one of the latest buzzword within our society in recent times. Identity theft refers to hiding one's original identity and illegally misusing someone else's identity. The person pretending...

Credit Identity Theft - Cards Are Still Safer, But… by Carl LaFresnaye

Credit identity theft can be done in either of two ways: through a credit card or a credit line or account. An identity thief may counterfeit your card, or use your account number at a vendor website,...

Identity Theft Victims Persecuted by Tony Robinson

When a person becomes victim of identity theft the law, the thief, creditors and others often persecute them throughout the battle to restore their identity. Thus, in this article I am providing you legal...

Identity Theft Taking Over by Tony Robinson

Identity thieves are taking over millions of lives each year, and the studies are showing the law is making very little headway in stopping the crimes from occurring. Recently, studies have shown that...

Identity Theft Resource - Top 5 Public & Private Websites by Carl LaFresnaye

The United States government and consumer organizations have compiled some of the best identity theft resource materials around. Many of them are available as virtual handbooks in PDF format at these three...

Identity Theft Protection Safety Precautions by David Neese

Identity theft has become the fastest growing criminal activity in the 20th Century, replacing illegal drug sales. For the perpetrators, it offers the highest profit margin with the least risk. In fact,...

Identity Theft Safety First by Tony Robinson

To avoid becoming the next victim of identity theft you must place safety first. Identity theft is one of the leading crimes today that is claiming the control of millions of people and costing us a fortune...


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