How much is your identity worth?
September 19th, 2007 Comments Off5 billion dollars… That is the estimated value of the black market for identity theft if it was on the NY Stock Exchange. On top of that, the market for identity theft has managed to grow 60% year to year. Although only a few cases are disclosed, over 70 million cases of identity theft were reported under the California data-breach act SB1386 in 2007 so far.
The average price for a stolen identity has dropped from an average of $125 three years ago to about $16 per identity stolen according to multiple researchers. As the price goes down, the instances of identity theft will rise. Shredding all your trash and defending your identity is not necessarily enough to prevent this from happening to you, your family, and your employees. A majority of the identity theft cases are the result of corporate security breach and other events outside your control.
Looking for a way to guarantee your good name? Look no further, Lexan Systems has partnered with LifeLock to provide guaranteed protection against identity theft for you, your family, and your employees.
Tags: CyberCrime, Identity Theft, Security BreachAuthor: Christopher
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