Medical identity theft is dangerous because it not only has financial implications but can have life-threatening consequences
Framingham, MA (PRWEB) April 16, 2015
IdentityForce, the Boston, MA-based provider of identity, privacy, and credit protection, announces the publication of “Medical Identity Theft: What Is It, How to Protect Yourself, and What to Do If You’re a Victim,” a detailed white paper about this vicious, fast-growing type of identity theft.
"Medical Identity Theft" looks at the latest industry data, explains why medical identities are so valuable, and pinpoints who’s committing this crime. More importantly, it offers effective strategies to protect yourself and your family from medical identity theft and the critical steps you need to take if you’re a victim.
Theft of medical information has become big business, occurring in alarming numbers. More than two million Americans were victims of medical identity theft in 2014 and medical identity theft increased nearly 22% last year, according to a study released earlier this year by the Medical Identity Fraud Alliance and Ponemon Institute. Medical identities are 20 to 50 times more valuable to criminals than financial identities, according to a recent Fortune magazine article. “Medical identity theft is dangerous because it not only has financial implications but can have life-threatening consequences,” says Steven Bearak, founder and CEO at IdentityForce. “If your identity is stolen, there could be misinformation on your medical record, which can result in you receiving the wrong treatment or undergoing an unnecessary procedure.” If a thief’s health information is mixed with your medical records, then your treatment, health insurance, payment records, and credit report may all be affected, according to the Federal Trade Commission. Medical identity theft can disrupt your life, damage your credit rating, increase your health insurance premiums, and waste taxpayer dollars.
IdentityForce is a leading provider of proactive identity, privacy, and credit protection for individuals, businesses, and government agencies. IdentityForce offers medical identity theft protection plans with three layers of protection, including comprehensive identity monitoring and near real-time alerts of suspicious activity, assistance with obtaining a report from insurance companies for all benefits paid to the subscriber’s account, and medical identity theft insurance coverage. Visit their website for more information.