Identity Theft Costs More to Clean Up

September 24, 2003 - Privacy News

The Identity Theft Resource Center reports that even though identity theft victims are discovering the crime faster than they were three years ago, they are spending more time and money to clean up the damage. Individuals now spend approximately $1,495 and approximately 175 hours.

The average cost to business is now approximately $92,900 compared to about $18,000 in 2000.

More information is available at <http://business.bostonherald.com/businessNews/business.bg?articleid=330>.

Last updated September 25, 2003