Raise your hand if you’ve had to replace your credit or debit card in the last 12 months because of a data breach. More than once? More than twice? Chances are you were only inconvenienced or just annoyed with having to update all your online and auto-payment info with new card numbers.
Americans are more stressed out about cyber risk, identity theft and personal privacy than they are about their own personal safety, according to a recently released survey by Travelers.
Chip cards have been used around the world for many years as a deterrent to reduce counterfeit card fraud. Counterfeit cards are a huge problem in the US. Counterfeit card fraud is when a crook takes the information from the magnetic stripe on the back of a credit or debit card and copies it onto a counterfeit card. With this card, the crook can then ‘go shopping’ and commit fraud.
Since 2003, the Identity Theft Resource Center has been following up with victims of identity theft in order to get a clear picture of what happens following this type of crime. Survey respondents, victims who’d previously reached out to the ITRC, have reported a wide variety of feelings and emotions to having their identities stolen, with everything from an inability to trust others to emotional toll on relationships that this kind of stress causes.
Each month, the Identity Theft Resource Center tracks the help requests that come into its 24-hour toll-free call center in order to get a better picture of the types of identity theft crimes that continue to impact consumers. This information helps advocates, law enforcement, and policymakers stay on top of the related crimes in order to better serve the public.
It’s no secret that Florida has been granted the dubious distinction of being the state with the highest incidence per capita of identity theft cases for the past few years.In fact, not only is a Florida region—the Miami-Fort Lauderdale-West Palm Beach area—the top metro area in the country for ID theft crimes, four of the state’s cities were in the top ten for the entire country in 2014, according to the Federal Trade Commission’s report. That’s down only one city from 2013 when Florida had five of the country’s top ten metropolitan areas for identity theft.