Identity Theft Collaborative Resources

The Cost to Businesses

Employees can take up to 600 hours, mainly during business hours, to restore their identities.

"If you experience a security breach, 20 percent of your affected customer base will no longer do business with you, 40 percent will consider ending the relationship, and 5 percent will be hiring lawyers!"*

"When it comes to cleaning up this mess, companies on average spend 1,600 work hours per incident at a cost of $40,000 to $92,000 per victim."*

*CIO Magazine, The Coming Pandemic, Michael Freidenberg, May 15th, 2006

What does he care?...Nothing!