WASHINGTON—A new study indicates that consumers need more education about how to protect themselves from identity theft.
According to the Department of Justice, there were nearly 17-million victims of identity theft in 2014. An online survey by the National Foundation for Credit Counseling looked at levels of consumer awareness related to identity theft, and revealed how concerned people are.
More than half (66%) of those responding to the online survey indicated that they would like to feel more protected, but don’t know what steps to take.
“Every minute of every day credit criminals are working to stay ahead of technology and law enforcement when it comes to stealing personal information,” said Bruce McClary, vice president of public relations and external affairs for the NFCC. “While there are laws and tools available to help safeguard personal financial information, the responsibility for identity protection ultimately rests on each consumer.”
The NFCC recommended that consumers monitor credit activity regularly by reviewing payment activity and by checking credit reports at least once a year; keep a watchful eye on credit card usage; review checking and savings account balances daily; and know what steps to take in case of credit fraud or ID theft.
“Staying alert and informed is the first level of defense,” continued McClary. “People should always remain vigilant when it comes to protecting their identity and financial future.”
The study also showed:
- Only 17% of consumers know exactly what steps to take to protect themselves from ID theft.
- Nine percent feel efforts to protect themselves are a waste of time.
- Seven percent are not concerned