of adults overall fall victim to identify theft in the U.S. today,
but according to a government
study, unauthorized access to checking accounts is the fastest
growing form of identity theft.
An estimated 2 million U.S. adult
Internet users fell victim last year, and electronic fraud is
expected to grow as phishing
e-mails become more sophisticated in attempting to make off
with your savings account.
or not against identity theft, victims are usually not held responsible
for fraudulent credit card charges incurred by identity thieves
and overall the chances of becoming a victim are minimal - for
now at least.
If you think
the odds are high enough to warrant an identity theft policy,
the costs are minimal. For $15,000 to $25,000 of coverage, a majority
of insurance companies charge an annual premium of $25. Some of
the major carriers, like Travelers who first offered consumers
identity theft insurance in 1999, now offers an expanded program
that provides the services of a consumer fraud specialist who
can help reclaim your identity.
On the Web,
find out more about the pros and cons of identity theft insurance
and what it covers, along with tips on buying a policy, expert
advice on recovering your identity, and additional steps you can
take to protect your good name and your good credit rating before
you lose it...
More about identity theft insurance around the Web: