Identity theft survey results: Consumers need more education and help

In 2016, over 15 million Americans were victims of identity theft, up 16 percent from the previous year.²

"Understanding the risks, being aware of the dark web, and researching what can help monitor and mitigate fraud aren't optional these days. Unfortunately, the survey suggests consumers don't consider these necessities a priority, which makes life easier for fraudsters," added Bruemmer.

Key research findings

• Only half (49 percent) of respondents feel they are likely to become a victim of identity theft; of those, 57 percent have house hold income of $100,00 or more and 45 percent have house hold income of less than $50,000.
• A significant majority of respondents (72 percent) think thieves are only interested in "wealthy people's identities."
• The number one perceived identity theft threat: data breaches (number two: phishing emails).
• It's not uncommon for people to search for themselves online to see if anyone else is using their identity (26 percent).
• Bankcard monitoring and credit report monitoring were rated highest as "helpful" when it comes to identity theft (58 percent and 55 percent, respectively).
• Identity theft is familiar to most, with 52 percent of respondents having been victims or knowing someone who has.
• Identity theft victims acknowledged negative impacts to short- and long-term financial goals (37 percent and 27 percent, respectively).
• Of those victimized by identity theft while traveling, 55 percent stated it took from weeks to more than a year to resolve issues related to identity fraud.

For information regarding identity protection and dealing with fraud, as well as more details on this survey, visit the Experian Credit Education blog. Consider enrolling in a dark web and credit monitoring product such as Experian IdentityWorks, which can help better track and manage your credit with mobile alerts, lock your Experian credit file with Experian CreditLock, and help mitigate the damage from fraud with access to fraud resolution specialists and up to $1 million in identity theft insurance.

Tips to help monitor for fraud and protect personal information

• Check your credit report for accuracy. You can get a free report from each credit bureau annually at annualcreditreport.com.
• Consider an identity protection product like Experian IdentityWorks to help monitor your financial accounts and credit report. Experian IdentityWorks provides dark web monitoring to identify if personal information is exposed in illegal markets, a variety of alerts to warn of potential identity fraud and up to $1 million in identity theft insurance insurance for peace of mind.
• Password-protect your phone. Your phone provides access to sensitive information and accounts. Set a unique password to unlock the device, and enable remote finding and wiping software to track the phone or destroy the data if it's lost or stolen.
• Use a password manager to create strong passwords for online accounts, and change them regularly.
• Don't access financial information or shop online using public Wi-Fi or an unsecured network.
• Be careful about what personal information you share online (e.g., social networks).

BROLL IS AVAILABLE ON REQUEST (Experian subject matter expert and man on street interviews); please contact Ann Noder at 1 480 263 1557; ann@pitchpublicrelations.com

About the survey
The online survey was conducted by Edelman Berland on Experian's behalf from March 17–23, 2017, among 1,000 adults 18 years of age or older who reside in the United States. This online survey is not based on a probability sample; therefore, no estimate of theoretical sampling error can be calculated. For complete survey, methodology, including weighting variables, please contact ann@pitchpublicrelations.com.

About Experian
Experian^® is the world's leading global information services company.  During life's big moments — from buying a home or a car, to sending a child to college, to growing a business by connecting with new customers — we empower consumers and our clients to manage their data with confidence. We help individuals to take financial control and access financial services, businesses to make smarter decisions and thrive, lenders to lend more responsibly, and organizations to prevent identity fraud and crime.

We have 17,000 people operating across 37 countries and every day we're investing in new technologies, talented people and innovation to help all our clients maximize every opportunity.  We are listed on the London Stock Exchange (EXPN) and are a constituent of the FTSE 100 Index. Learn more at www.experianplc.com or visit our global content hub at our global news blog for the latest news and insights from the company. 

Experian and the Experian marks used herein are trademarks or registered trademarks of Experian Information Solutions, Inc. Other product and company names mentioned herein are the property of their respective owners.

Contact:

(Please use this contact to request available b-roll)
Ann Noder
Pitch PR
1 480 263 1557
ann@pitchpublicrelations.com

¹ Identity Theft Insurance is underwritten by insurance company subsidiaries or affiliates of American International Group, Inc. (AIG). 175 Water Street, New York, New York 10038. Please refer to the actual policies for terms, conditions, and exclusions of coverage. Coverage may not be available in all jurisdictions.

² Javelin Strategy & Research (2017). "Identity Fraud Hits Record High with 15.4 Million U.S. Victims in 2016." Javelin Strategy.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/identity-theft-survey-results-consumers-need-more-education-and-help-300457205.html

SOURCE Experian