• What's eBillmeShopping TipsFraud and Identity theft • Costs of Identity Theft


    What are the costs for victims of identity theft?


    line2

    A 2006 survey revealed that the average loss for victims of identity theft was $371. The median value of goods and services obtained by the identity thieves was $500. Ten percent of victims reported that the thief obtained $6,000 or more, while 5 percent reported that the thief obtained at least $13,000 in goods and services.

    In more than 50% of identity theft cases, victims incurred no out-of-pocket expenses. Out-of-pocket expenses include any lost wages, legal fees, payment of fraudulent debts, and miscellaneous expenses such as notarization, copying, and postage.

    10% of all victims reported out-of-pocket expenses of $1,200 or more.