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(USGovernment-News.Com, June 20, 2012 ) Salt Lake, Utah -- Today, leading provider of online personal credit monitoring organization, Best Credit Reports, commented on market reports indicating that identity theft is on the rise in America.
Recent reports conducted by Javelin Strategy & Research noted that identity theft rose by 13% in 2011, but that the average fraudulent amount has remained static at around $3,500.
“Whilst the amount remains around the same, the frequency and technology behind the attacks is increasing at an alarming rate,” said Best Credit Reports President, Ken Driscoll. “Nearly half of identity thefts come from personal documents; stolen wallets and credit cards and so on, but even with heightened personal security, we can’t stop consumer sites being hacked into or lost Government data.”
Identity theft is a common problem throughout the world, whereby criminals use stolen personal data in an individual’s name in order to buy goods or secure loans, or worse, mortgages, in their name, which adversely affect the individual’s credit rating as well as compromising their financial position.
Best Credit Reports, which provides comprehensive advice and up-to-date statistics on crime, allows consumers to sign up to a service which protects on three counts. The first is insurance against identity theft, the second is real-time credit monitoring and the final element is credit scores from three different bureaus.
Cover is within minutes, and the site offers a two week trial for free. The rationale behind this is that being cautious will help but won’t eliminate identity theft. With the rise of personal details being made public, the best method of keeping on top of your finances is to invest in identity theft protection and periodically check credit reports.
“By close monitoring, you’ll see any fraudulent activity quickly that you may not see otherwise,” continued Driscoll. “Last year there was a rise in victims who did not spot the activity for six months; the figure was up 400% year on year. It’s a serious problem that can have devastating effects on your finances, your credit ability and your wellbeing.”
The company, which offers identity theft protection, has been helping the public become more alert for over ten years. It provides frequent updates on the industry in the form of easily-digestible blogs, with the aim of enhancing the general awareness of the problem.
It also offers practical advice; from the safekeeping and responsible destruction of personal documents, to the myriad anti-virus software on the market.
“It’s also interesting to note that by understanding your personal credit score, you can save time and money by selecting the best loans suitable for you,” concludes Driscoll.
About Best Credit Reports
Best Credit Reports is a Utah-based web business, providing identity theft solution comprising three key elements: identity theft insurance, real-time credit rating and cross-agency credit checks. For more information, visit www.bestcreditreports.com and read more about how consumers can fight back against the war on ID theft.
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