Wednesday, May 14, 2014

Identity Thef Continued

EQ - What are the monetary costs of Identity Theft?
  1. Activator - What Word?
    1. Choose one of the six methods of identity theft
    2. Describe the method to a partner until they can guess which form of identity theft you are discussing
    3. Switch to the other partner and repeat
  2. Pre-reading - Links posted below
    1. What is the topic
    2. What should I focus on during the reading?
  3.  Each partner will choose one of the articles to read for understanding
    1. Read the article
    2. Take notes
    3. Write a complete summary of the article
  4. Tweet-Time - Reduce your summary to 140 characters or less
    1. Share your Tweet with your partner
    2. Answer your partner's questions by describing your Tweet with more details from the reading.
  5. Create a study guide (This must be a newly generated study guide) including ALL information from the Identity Theft Unit
Link 1 - CNN
Link 2 - Informationweek

Identity Theft in America

Who It Affects

Smartphone owners are 33 percent more likely to be victims of identity theft. One in twenty-five Americans was a victim of identity theft in 2011. 11.6 million people were victims of identity theft in 2011, equivalent to the population of Ohio.

How Much Money It Costs

a graphic of a house United States households lost more than $13.3 billion to identity theft. How much U.S. households lost as a result of identify theft. That’s more than the gross domestic product of the entire country of Cambodia.
The average identity fraud case costs $4,607 total. The average identity fraud case costs $631 out of pocket.

How Much Time It Costs

The average victim of identity theft spend 33 hours repairing the damage. Average amount of time victims spend repairing identity theft.
Identity theft costs its victims 383 billion hours a year to recover, in total. Annual number of hours lost by all victims…
Recovering from identity theft consumes the equivalent of 559 lifetimes in the U.S. each year. … which is the equivalent of 559 lifetimes, based on the U.S life expectancy of 78.2 years.


Sources: Three New Ways to Protect Your Identity in 2012 (Forbes); FTC Releases Top Complaint Categories for 2011 (Federal Trade Commission); 2010 United States Census; Cambodia (The World Bank); Identity Theft Reported By Households Rose 33 Percent From 2005 To 2010 (Department of Justice); Identity Fraud Fell 28 Percent in 2010 According to New Javelin Strategy & Research Report (Javelin Strategy)
Posted by Justin Hill at 5:40 AM

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