Truth Be Told

We often hear stories about identity theft and most people, just like people you know, don't believe them or they don't believe identity theft is "that big of a deal" until it happens to them.

The following Truth Be Told stories are actual stories and events, from a variety of industries, dealing with incidents and the perils of identity theft and data base breaches.  

Click on the blue links below to read industry-specific true situations.

 Lessons learned from the CountryWide Financial Breach:   Pick one or two lines to start the article so they will go read it.

Identity theft and database breaches have cost consumers and businesses hundreds of thousands of dollars (and some into the millions of dollars) because they chose not to take preventative measures until it was too late.  Now they are dealing with all of the costs which include:

Fines and penalties
Civil liability/jury awards
Negative public relations
Loss of clients, patients, customers, business partners
Disruption of daily business
Employee time-off to resolve identity theft problems
Identity theft victim recovery costs
Negative publicity
Increased insurance premiums
Mind-bogglin attorney fees and legal costs
Increased scrutiny by government gencies
Databreach costs
Consumer lawsuits
Loss of credentials
Loss of your business