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ICFE
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 Literacy Commission.

"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.


Paul S Richard PhotoICFE eNEWS is available FREE upon request by visiting our Web site and filling out the contact form, and selecting "Yes" for "Add to Mailing List. Please pass this eNEWS on to your peers and interested others and invite them to subscribe for free. Also, visit the ICFE's new Web site: StudentDebtHelp.org

Sent by:

Paul S. Richard
President - Executive Director
Institute of Consumer Financial Education (ICFE)

About the ICFE:

The Institute of Consumer Financial Education (ICFE) was founded in 1982 by the late Loren Dunton (creator of the Certified Financial Planner (CFP) designation).  The ICFE is dedicated to helping consumers of all ages to improve their spending, increase savings and use credit more wisely. 
The ICFE is an award winning, nonprofit, consumer education organization that has helped millions of people through its education programs and Resources. It publishes the Do-It-Yourself Credit File correction Guide, which is updated annually. The ICFE has distributed over one million Credit/Debit Card Warning Labels and Credit/Debit Card Sleeves world wide.

The ICFE became an official partner with the Department of Defense/Financial Readiness Campaign in June of 2004.The ICFE was an active partner in the California Student Debt Resource Awareness Project (CASDRAP) which resulted in a new web site: (studentdebthelp.org).  CASDRAP disbanded in 2010, shortly after the web site project was completed.  In 2011 the ICFE assumed the single sponsorship of the (studentdebthelp.org) web site and is now responsible for its content and operation.

The ICFE is also an on-line help for consumers who spend too much.  ICFE's spending help was featured in PARADE Magazine in the Intelligence Report section. The money helps and tips are from the ICFE's Money Instruction Book, our course in personal finance.

Visit the ICFE's other web sites at: www.financial-education-icfe.org and studentdebthelp.org.  Both sites helps consumers and students with mending spending, learning about the proper use of credit, budget and expense guidelines, how to set up and implement a spending-plan and also how to access financial education courses and how to teach children about money. Other ICFE services include: Ask Mr. G,  a free eNews, and an online resource center for students, parents and educators, plus financial education learning tools and a book store.

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