Alarming Statistics

• 2007 Identity Theft costs: $49 billion¹
• Almost 10 million Americans were affected by identity theft and fraud in 2008²
• Insurance Fraud in 2007 added up to $6.8 billion in excess payments that adversely affected auto premiums³
• Statistics shows that there are 139 million ATM transactions daily using only 4 digit PIN numbers as security
• Several debit-card "identities" were stolen in August 2008 by a skimming device placed on a Wachovia Bank ATM in Cape Coral, Florida⁴

1 Javelin Strategy & Research Survey, 2007
2 Javelin Strategy & Research Center, 2009
3 Insurance Research Council, Nov. 2008
4 Consumer Reports, Jan. 2010