As recently as 2005, identity theft affected more than 8 million Americans. 8 million Americans had their identities stolen, ranging from credit cards to bank accounts. 8 million Americans had money stolen from them, and that number has only grown worse since then. McAfee, one of the most prominent computer security companies, estimated that such types of fraud cost more than $1 trillion in 2008.
Malware, responsible for much of identity theft, grew by a reported 400% in that same time frame. Even with increasingly robust security software and smarter banking techniques, consumers are still privy to identity theft. The best way to protect yourself from having your identity taken away by a stranger is to purchase identity theft insurance coverage.