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Identity theft racks up significant emotional toll on victims

There is a significant emotional toll suffered by identity theft victims, new survey finds

Michael Hatamoto | Nov 24, 2014 at 12:12 pm CST (0 mins, 52 secs reading time)

At a time when cybercrime has been pushed into mainstream media due to a large number of data breaches in 2014, victims of identity theft suffer from a financial and emotional toll that is potentially devastating. When a significant data breach occurs, consumers need to be increasingly vigilant of their bank accounts and personal information, to ensure they don't become a potential identity theft or fraud victim.

Identity theft racks up significant emotional toll on victims | TweakTown.com

"When something is an ever-present part of your life, it can lead to feelings of depression," said Eva Velasquez, President and CEO of the Identity Theft Resource Center (ITRC). "You feel that there's no way out and no end to it. We've heard from victims who actually compare this to having a disease where they feel that their identity theft issues are in remission, but they're never fully cured."

Identity theft victims suffer from emotional and behavioral effects, according to a recent ITRC survey, with 70 percent of victims saying they are worried about personal financial security. Around 50 percent felt helplessness and betrayal, while 65 percent were angry.

Michael Hatamoto

ABOUT THE AUTHOR - Michael Hatamoto

An experienced tech journalist and marketing specialist, Michael joins TweakTown looking to cover everything from consumer electronics to enterprise cloud technology. A former Staff Writer at DailyTech, Michael is now the West Coast News Editor and will contribute news stories on a daily basis. In addition to contributing here, Michael also runs his own tech blog, AlamedaTech.com, while he looks to remain busy in the tech world.

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