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Financial Information Theft Often Done By Those We Know Best

by Peter Andrew
Financial Information Theft Often Done By Those We Know Best

If you’re credit card has ever been stolen or your credit card number used without your permission, there’s a pretty good chance the perpetrator was someone you knew. At least that’s the finding in a new Experian-Gallup poll, which finds that 21% of victims of personal or financial information theft reported the theft was done by someone they knew personally.

Sixteen percent of those surveyed reported having had their financial information stolen, such as bank or credit card numbers. Twelve percent report having had their personal information stolen, such as their Social Security number, driver’s license or birth certificate. Most consumers aren’t too worried, though. Over 40% of those surveyed don’t believe they are likely to become a victim, and about a third believe they can’t prevent thieves from stealing their personal or financial information regardless of what they do.

For those with bad credit, it simply doesn’t matter. Ten percent of consumers say that their credit is so poor, it doesn’t matter if they try to protect their credit or not.

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