The average American now spends more than 490 minutes or eight hours per day on the internet. It is projected that by 2017, personal internet usage will climb upwards to 506 minutes, increasing the current usage rate. As usage expands so does the risk for identity theft.
At the onset of popularity of the internet during the early to mid 2000s, Americans, as well as those having global access to the world wide web, have been progressively utilizing the internet to conduct countless business and leisure activities, including:
- Communicating via email;
- Networking via Social Media;
- Navigating general and personal interest searches;
- Gathering national and international news reports;
- Streaming music and videos;
- Personal banking; and
- Conducting employment searches.
According to USA Today, experts have defined identity theft as the successful obtainment of an unsuspecting consumer’s bank account or other personal information with the intent to commit fraudulent transactions. Identity theft is projected to surpass traditional methods of theft to top the list of the leading form of property crime. As security analysts advise, consumers should prepare to become a victim of identity theft at some point in time....