Identity theft insurance

As this is a new type of crime, law enforcement hasn’t quite caught up to the thieves yet.  The methods are constantly changing and as soon as the FTC gets a hold of how it’s done, the thieves come up with new ways to steal identities. For this reason alone, identity theft insurance is becoming more and more important as a way to protect your lifestyle and and your loved ones.

The rates identity theft as the number one online scam in in the State of Florida.  There are a growing number of cases and many of them involve stolen tax returns.  Some involve hacked online payment accounts like PayPal that are connected to a checking account. Both methods are difficult to prevent and until the authorities can come up with a way to stop thieves, identity theft insurance makes great sense.

To look at what can happen as a result of identity theft, take a look at tax returns.  With the tax returns, someone can steal your return and assume your id to get your refund.  In the last two years, there has been a significant increase in this type of crime.  Sometimes it’s the so-called tax professional stealing your info!  With a situation like this, how is one to know?  Identity theft insurance is the only true protection. IRS Refund Status IRS Extension