Data breach. Customer information stolen. Identity theft. Those words regularly appear in the news, making you, the consumer, angry. You wonder why companies can’t seem to figure it out–either stop collecting personal information or protect it!
Despite companies’ security efforts, the risk of identity theft isn’t going away. Criminals world-wide seem to be one step ahead. In 2016, over $16 billion was stolen from consumers, around $1,300 per victim.