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To better understand the issues relating to your legal situation or problem, our legal information and other law related facts may be of interest to you
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Identity Theft Survey Report 2003 - The Costs of ID Theft. Quick Discovery.
The cost of an incident of ID Theft is significantly smaller if the misuse of the victim’s personal
information is discovered quickly. When the misuse was discovered within 5 months of its
onset, the value obtained by the thief was less than $5,000 in 82 percent of cases (including all
forms of ID Theft). When victims took 6 months or more to discover that their information was
being misused, the thief obtained $5,000 or more in 44 percent of cases.
The costs to the victim – both in terms of out-of-pocket expense and in time spent resolving
problems – are also substantially smaller if the misuse is discovered quickly. No out-of-pocket
expenses were incurred by 67 percent of those who discovered the misuse of their personal
information within 5 months of the time the misuse began. Where it took 6 months or more to
discover the misuse, only 40 percent of victims incurred no out-of-pocket expenses.
New accounts were opened in less than 10 percent of cases when it took victims less than a
month to discover that their information was being misused. New accounts were opened in 45
percent of cases when 6 months or more elapsed before the misuse was discovered. At least
in part, this result may reflect the fact that quickly discovering that a new account has been
created in a person’s name may be more difficult than discovering that an existing account is
being misused. It may also suggest the likelihood that quick discovery reduces the risk that
new accounts will be opened.
In terms of the amount of time spent resolving problems, 76 percent of victims who discovered
the misuse of their information within one month spent fewer than 10 hours resolving their
problems, while in only 20 percent of cases where it took more than 6 months to discover the
misuse were victims able to resolve all of their problems in less than 10 hours.
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Credit report correction techniques
Many times the credit bureau is busy and does not handle your dispute properly ...
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Basic rights under The Fair Credit Reporting Act
All Federal Laws are in consumer's favor and you will have the advantage ...
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Credit Scoring and the Lending Industry
Credit scoring is crucial to your ability to get a loan. When you apply for a mortgage, your lender ...
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Applied DNA Sciences Files Form S-3 Registration Statement
SYS-CON Media (press release)
These warrants to purchase an aggregate of 1,727,630 shares have exercise prices ranging from $2.53 to $4.30. ... Applied DNA is a provider of molecular technologies that enable supply chain security, anti-counterfeiting and anti-theft technology ...
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5671 Branches Fighting Crime
Credit Union Times
The fraudster, who was believed to be part of an ID theft ring, made her visits from credit union branch to credit union branch over three months. What the woman did not know, however, was that someone was watching her. An analyst from the national ...
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