Tuesday, February 14, 2017

Identity Theft Insurance



Identity theft insurance is protection for what is now a real problem in the United States. Around 10 million people per year have their identities stolen and it’s growing.  In fact, it’s the number one complaint to consumer protection agencies like the Federal Trace Commission.  It can happen to anyone.



As this is a new type of crime, law enforcement hasn’t quite caught up to the thieves yet.  The methods are constantly changing and as soon as the FTC gets a hold of how it’s done, the thieves come up with new ways to steal identities. For this reason alone, identity theft insurance is becoming more and more important as a way to protect your lifestyle and and your loved ones.

The rates identity theft as the number one online scam in in the State of Florida.  There are a growing number of cases and many of them involve stolen tax returns.  Some involve hacked online payment accounts like PayPal that are connected to a checking account. Both methods are difficult to prevent and until the authorities can come up with a way to stop thieves, identity theft insurance makes great sense.

To look at what can happen as a result of identity theft, take a look at tax returns.  With the tax returns, someone can steal your return and assume your id to get your refund.  In the last two years, there has been a significant increase in this type of crime.  Sometimes it’s the so-called tax professional stealing your info!  With a situation like this, how is one to know?  Identity theft insurance is the only true protection. IRS Refund Status IRS Extension.







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