It’s a different kind of identity crisis: Approximately 9 percent of
Americans have been the victim of identity theft, according to The National
Study on Medical Identity Theft, conducted by the Traverse City, Mich.-based
research firm Ponemon Institute.
The most common loss is credit card fraud, but other forms of theft included
obtaining employment under a stolen name, debit card fraud, and theft of funds
from banks and other financial institutions.
Medical identity theft was reported by 6 percent of the 156,000 survey
respondents, resulting in an average cost of $20,000 to consumers, as well as
the potential for mistakes in treatment.
The Ponemon Institute estimates that 24.5 million Americans have experienced
identity theft, and 1.42 million have suffered medical ID theft. Yet most homeowner insurance policies do not automatically cover Identity Theft.
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