The excessive and inappropriate collection, retention, and sharing of personal information leads to Identity Obesity over time as people continue to mismanage their private information. Unlike overeating, it can be extremely hard to reverse the effects of identity obesity which forms the root cause of an identity theft epidemic. Despite the dangers, consumers and companies handle personal information carelessly, without understanding or caring enough about the risks. Consider these startling statistics:
• In 2009, more than eleven million people were affected by identity theft, which was a 10 percent increase from 2008.
• The majority of victims don’t detect identity theft until three months after fraud occurs. It takes some people years to discover that something went wrong.
• Stolen wallets and documents account for 43 percent of all identity theft cases which goes to show that not only consumers are more in control than they think, but also theft doesn’t always involve technology.
• In more than 50 percent of all identity theft cases, the victim knows or has done business with the criminal.
Businesses will lose millions of dollars a year because of identity theft, and fraud can destroy families and individuals. Consumers can trim their identity fat with a proven program that helps them identify their bad habits and educates them about identity theft risks as well as best identity protection practices with an Identity Diet Plan.