ICFE eNEWS #16-29 - August 29th 2016
Over Half of US Taxpayers Fear ID Theft Loss
This eNews report is sent by the Institute of Consumer
financial Education (ICFE), publisher and certifying authority
of the Certified Identity Theft Risk Management SpecialistŪ
(CITRMSŪ) XV program.
A poll from the American Institute
of Certified Public Accountants (AICPA) shows half of US adults
believe it is at least "somewhat likely" that they will fall
victim to some form of identity theft that results in financial
loss in 2017.
The AICPA also reported that in the past year more than one
in five Americans (21 percent) have experienced ID theft or
attempted ID theft. In contrast, the survey showed the vast
majority of Americans (93 percent) affected by ID theft took
some action to fix it.
"There are basic steps people can take right now, before
identity theft causes a financial nightmare. Securing your
personal information and only providing your social security
number when it is absolutely necessary are easy steps to take,"
said Gregory Anton, Chair of the AICPA's National CPA Financial
"Americans who are victimized by investment fraud or identity
theft should alert the proper authorities," added Anton. "By
reporting the crimes, they are increasing the chance that the
scammers will be brought to justice and reducing the risk that
they will target others in the future."
While these basic steps are helpful in minimizing the risk
and mitigating the adverse effects of an identity theft
incident, the ICFE's
CITRMSŪ XV course provides a comprehensive treatment of the
nature of the risks, how identity thieves operate,
responsibilities of holders of personally identifiable
information, and broad coverage of the methods of responding to
this growing threat.This subject, and related risk management
exercises, are covered in more detail in the Certified Identity
Theft Risk Management SpecialistŪ (CITRMSŪ) XV course from the
Institute of Consumer Financial Education. It is available as an
online program or a published course.