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Over the past five years, identity theft has become a growing, nationwide concern annually affecting approximately 10 million Americans and their credit cards. It’s an issue that is difficult to detect until it is too late and hard to understand the impact of until experienced firsthand. According to the FTC, the recovery process can take an average of 30 hours and thousands of dollars to correct.

Identity Finder dispels common misconceptions to educate consumers on how to protect themselves from identity theft. They have created an industry-leading software solution to help prevent identity theft by automatically finding and protecting confidential data. Currently, thousands of enterprise customers and over a million consumers use the company’s products for security and identity theft protection.
“There is an enormous amount of unprotected private information on an average computer that can be obtained by even the most amateur computer hacker,” says Identity Finder CEO and identity theft expert Todd Feinman. “The best method for preventing electronic identity theft is to protect personal data - unfortunately anti-virus software is not nearly enough and credit monitoring only alerts you after the fact.” A number of common misconceptions exist about identity theft, leading people to believe they are not at risk. Below, Identity Finder exposes the truth:
Myth - I check my credit report once a year and that helps me prevent identity theft.
Fact - While checking credit reports can alert consumers to whether their identity has been stolen, it is not preventative. Monitoring credit reports is a good step to spot unusual activity on financial accounts, but protecting the information that can lead to fraud is also critical.
Myth - I’ve installed anti-virus software on my computer so I don’t need to worry about identity theft.
Fact - Installing an anti-virus program is just one of the steps required to keep a computer safe from identity theft. Additional, preventative measures must be taken to combat today’s sophisticated, multi-pronged attacks including the use of strong passwords, digital shredding of unprotected sensitive data, and frequently updating the operating system.

SOURCE Identity Finder, LLC