Identity theft continues to plague the nation, and unfortunately Georgians are among the most susceptible.
According the personal finance website WalletHub, American consumers lost nearly $12.5 billion to fraud last year. Unfortunately, Georgians are at higher risk. The state ranked third most vulnerable to identity theft and fraud. Analyst Chip Lupo says stronger policies could help.
“States who don’t have laws on the books, such as identity theft passbook programs,” according to Lupo. “What that is, that shields identity theft victims from any type of law enforcement action, it protects you from any type of prosecution. A lot of states don’t have those types of laws, data disposal laws, or even statewide cybersecurity task forces.”
Consumers lost 25% more to fraud last year than the previous year.
