{"id":1565,"date":"2019-12-12T16:16:07","date_gmt":"2019-12-12T21:16:07","guid":{"rendered":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/?p=1565"},"modified":"2023-07-31T16:49:51","modified_gmt":"2023-07-31T20:49:51","slug":"identity-theft-protection-a-top-employee-benefit","status":"publish","type":"post","link":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/identity-theft-protection-a-top-employee-benefit\/","title":{"rendered":"Identity Theft Protection \u2013 A Top Employee Benefit"},"content":{"rendered":"

Identity theft protection is fast becoming one of the most sought after employee benefits. According to a Willis Tower Watson survey, by 2020, the majority of businesses will offer their employees an identity theft protection benefit. The steadily rising number of data breaches will further serve to fuel this trend.<\/h2>\n
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Identity Theft Is on the Rise<\/h3>\n

Increasingly, Americans are finding themselves the victims of identity theft. A 2018 online Harris Poll survey found that some 60 million Americans were victims of identity theft. Due to the many high profile breaches across various industries, most consumers are aware that their personal information is vulnerable to data breaches. Who didn\u2019t hear about the Anthem breach which exposed the sensitive information of 78.8 million individuals, or the data breaches experienced by popular retailers such as Target, Home Depot TJX (i.e., TJ Maxx, Marshalls and Home Goods), which compromised the credit card information of their millions of customers?<\/p>\n

In addition to these scenarios, social media use is becoming a growing risk factor for identity theft. Employees\u2019 concern for their identity protection is not lost on employers who are now recognizing how identity theft protection benefits both their employees and their companies.<\/p>\n

A Worried Employee Is Not Productive<\/h3>\n

A Society for Human Resource Management survey found that employees who are insecure or worried about their finances are likely to be absent and late to work more often. This, in turn, negatively affects their productivity and can have a ripple effect on their coworkers. To drive enrollment in their identity theft protection plans, many employers are offering an employer-paid benefit instead of making this a voluntary benefit.<\/p>\n

Best Features in an Identity Theft Protection Benefit<\/h3>\n

The programs they are offering often have certain features such as:<\/p>\n