Approximately 15 million United States residents have their identities used fraudulently each year with financial losses totaling upwards of $50 billion.*
On a case-by-case basis, that means approximately 7% of all adults have their identities misused with each instance resulting in approximately $3,500 in losses.
Close to 100 million additional Americans have their personal identifying information placed at risk of identity theft each year when records maintained in government and corporate databases are lost or stolen.
The sophistication level of professional identity thieves involved in organized crime continues to grow along with the methods they develop. From individually tailored phishing and vishing scams, to increasingly successful hacks of corporate and government databases, to elaborate networks of botnets designed to hijack millions of computers without any trace, there is an ever-increasing threat to all Americans.
At the same time, basic methods of identity theft continue unabated. From stealing wallets and purses, to dumpster diving and stealing mail, to the use of pretext and social engineering to deceive customer call centers into releasing personal account information, the original methods of identity theft still work.
As the methods used to perform identity theft expand, so do the types of accounts and services being stolen by identity thieves. Credit, debit, checking and saving accounts are no longer the only targets. Identity fraud has grown to include theft of cell and landline phone service; cable and satellite television service; power, water, gas and electric service; Internet payment service; medical insurance; home mortgages and rental housing; automobile, boat and other forms of financing and loans; and, government benefits. Identity thieves will also use stolen identities to obtain employment and to deceive police when arrested.
Nationwide Identity Theft Protection provides $25,000 of coverage with no deductible. The coverage also includes up to $5000 of loss of income. Nationwide helps prevent, detect and resolve ID theft for less than $4.00 per month per covered person. Nationwide also provides medical professional including doctors and nurses to help resolve medical ID theft cases. Following a loss you can expect Nationwide to:
* Contact all of the credit bureaus to file ID theft reports on your behalf.
* Assist you in replacing all of your identification and credit cards.
* Help you with the IRS and the Social Security administration.
* Report fraudulent activity to all government and financial institutions
* Review all of your credit and non-credit records.
* Provide you with emergency cash if needed.
Having ID Theft Protection is just as important as having car or home insurance. Give us a call today to sign up or learn more..