Ponemon Institute Medical Identity Theft Study

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It is estimated that there will be 1.85 million medical identity theft victims in 2012 costing victms upwards of $22,346. Learn how this effects businesses and consumer alike in the words of Dr. Ponemon himself.

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  • Ponemon Institute Medical Identity Theft Study

    1. 1. Third AnnualSurvey onMedicalIdentity TheftConducted by Ponemon InstituteSponsored by Experian’s ProtectMyID®June 2012 Third Annual Survey on Medical Identity Theft 1
    2. 2. What is medical identity theft? Dr. Larry Ponemon Third Annual Survey on Medical Identity Theft 2
    3. 3. More victims every year 1.85 million 1.49 1.41 million million 2010 2011 2012 Number of Victims (millions) Third Annual Survey on Medical Identity Theft 3
    4. 4. It’s a family affair Dr. Larry Ponemon Third Annual Survey on Medical Identity Theft 4
    5. 5. Victims stay mumDo victims contact the police? Why not? Yes 48% No 52% Dr. Larry Ponemon Third Annual Survey on Medical Identity Theft 5
    6. 6. What do victims do? Dr. Larry Ponemon Third Annual Survey on Medical Identity Theft 6
    7. 7. Data privacy is valuable“ 80% of victims surveyed believe it’s critical for providers to make sure no medical information is lost or stolen or even shared without their consent.” – Dr. Larry Ponemon 58% would switch providers if they knew their medical records were not safeguarded. Third Annual Survey on Medical Identity Theft 7
    8. 8. Costs are risingCost per Victim $22,346 $20,663 $20,160 2010 2011 2012 Third Annual Survey on Medical Identity Theft 8
    9. 9. What are the costs? Dr. Larry Ponemon Third Annual Survey on Medical Identity Theft 9
    10. 10. Financial consequences$29,464 – The average value of stolenmedical services, pharmaceuticals and products47% of victims pay out of their own pockets torestore their health insurance. 47% Third Annual Survey on Medical Identity Theft 10
    11. 11. A headache to resolve“Only 10% of victims say they were able tocompletely resolve the problem associated withthis identity theft crime.” – Dr. Larry Ponemon Dr. Larry Ponemon Third Annual Survey on Medical Identity Theft 11
    12. 12. Get your free copy of the studyDownload the full study atwww.Experian.com/MedicalIDTheft Third Annual Survey on Medical Identity Theft 12

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