50% of consumers said they would switch their financial institution for one that offered better protection against ID Theft.
— Unisys Annual Identity Theft Survey
One-third of bank customers are only somewhat or not at all confident that their personal information is secure in their bank or financial institution
57 percent of consumers surveyed would be at least somewhat likely to switch to another bank for the offering of free identity theft protection services
- Harris Poll 2008
Identity Theft is one of the fastest growing crimes in America.
— There were 10 million victims of identity theft in 2008 in the United States, a 22% increase from 2007. (Javelin Strategy and Research, 2009).
— On average, victims lose between $851 and $1,378 out-of-pocket trying to resolve identity theft (Identity Theft Resource Center “Aftermath Study”, 2004).
— It can take up to 5,840 hours (the equivalent of working a full-time job for two years) to correct the damage from ID theft, depending on the severity of the case (Identity Theft Resource Center “Aftermath Study”, 2004).
Protect your account holders from becoming a statistic of identity theft by providing a comprehensive protection program.
Our Comprehensive ID Theft Protection Program Includes:
• Education – Awareness and Protection Options
• Total Identity Monitoring
• Insurance – Reimbursement for out-of-pocket expenses
• Recovery – Assigned Resolution Advocate
Providing ID Theft Protection to your customers:
• Increases customer base
• Aids in customer retention
• Adds competitive differentiation in your marketplace
• Protects your customers
• Increases non-interest income
• Aids in your institution being Red Flag compliant
Please visit our identity theft protection division, Secure Identity Services, for more information.
