Identity theft Victims Fight for months to Fix Credit Report and Stolen Funds

Identity theft Victims Fight for months to Fix Credit Report and Stolen FundsThe rising number of data breach that hit many of the retailers last year compromised valuable information of customs and landed many of them in trouble.

One such individual was Mark Kim. When he found out that his personal information has been compromised in the Target data breach incident last year, he immediately signed up for the free credit monitoring that was being offered by the retailer, so that in case anyone used his identity for fraudulent activities, he would be notified.

Someone actually used his name to open accounts at Kohl's and Macy's department stores. He said, "My heart basically sank." As he spent hours filing report at the police station for the following seven months. That was not all the resident of New York had to send documents several times to banks as well as credit reporting agencies for clearing his credit history.

He is not the only one, the string of data beaches have exposed the records of greater than hundred million customers at U. S. retailers, Internet companies and banks. Such frauds are difficult to trace as often the hackers operate from other countries. The analysts at Javelin Strategy & Research say that approximately one in three of the Americans who were affected by data breaches were ultimately the victim of a fraud in the last year. The numbers have surely gone up as compared to one in nine noted in 2010.

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