Stolen Wallet

stolen wallet id theftYou many not think about it often, but your wallet or purse contains a large amount of personal information that identity thieves would love to get their hands on.  Keeping these items secure at all times is a must.

Why Your Purse or Wallet is a Target?

More often than not, a true identity thief isn’t as concerned about the cash that you have in your wallet.  Sure that’s a nice perk for them, but they would much rather have your driver’s license, credit card, blank checks or any other information that they can use to assume your identity and do some real damage.  It’s definitely an old school tactic for obtaining your private information, but it’s still being practiced today and is a large source of identity theft.

Damage from Stolen Wallet & Purse ID Theft?  Threat Level – Moderate!

20% of id theft victims who knew how their personal information was taken report that it was due to a stolen or lost wallet/purse.  This number was even higher, near 30% for those who reported being a victim of bank account or multiple kinds of theft.

Stolen Information Can Include:

  • Driver’s license number
  • Address
  • Social Security number
  • Credit and Bank account information
Possible Issues Resulting from Stolen Information:
  • Identity theft
  • Employment-related fraud
  • Loan fraud/payday loan fraud
  • Bank fraud
  • Benefits fraud
  • Tax fraud
  • Other identity fraud
  • Stolen Wallet Statistics:
  • 20% of ID theft victims who knew how their information was stolen said it was from a lost or stolen wallet
  • 26% of bank account theft victims report it being due to a lost or stolen wallet or purse
  • 29% of victims who had multiple kinds of theft (bank, credit, other) indicated it was from a lost or stolen wallet