Median for Identity Theft at $31,356

Utica College with the help of the Secret Service has determined that the median cost to victims for identity theft is $31,356.00. Although Secret Service data has not been previously used it is also noteworthy that the Secret Service does not get involved with minor schemes. The report also notes that unlike previously thought it is not white males that are the majority of offenders but many other minority races are responsible for ID theft.