How does Identity theft affects business? As of mid-2006, 53 million identities have been stolen to date and 19,000 more are stolen every day. 

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.  But what’s even more expensive than the clean-up is the cost in customer relations. 

If you experience a security breach, studies show 20% of your affected customer base will no longer do business with you, and up to 40% will consider sever the existing relationship, and 5% begin hiring lawyers!