Identity Theft

Overview

Identity theft presents one of the fastest-growing crimes in the United States and affects both individuals and businesses.

Identity theft is a subtle exposure that involves not only the potential loss of money and other tangible assets but also reputational losses. An individual must spend time and energy in clearing up financial and credit records. Businesses can face staggering costs from a data breach resulting from the theft of customers' identity, theft of the businesses' own identity, fraudulent use of the company's credit profile, and criminal use of the company's name. This course will cover personal and business identity theft exposures and how to manage the risks involved with identity theft. 

Learning Objectives

Upon completion of this course, students will be able to:
  • describe why identity theft is a significant loss exposure for both individuals and organizations
  • explain and evaluate the types of personal insurance available to cover identity theft losses
  • identify and evaluate the identity theft loss exposures businesses face because of customers' identity theft, corporate identity theft, and data breaches
  • explain the risk management techniques businesses use to address identity theft exposures
  • describe the protection standard business insurance policies and stand-alone policies can provide a business against identity theft losses

 

Designed For

Property and casualty insurance agents, brokers, and adjusters at any level in their career
International Risk Management Institute, Inc. (IRMI) is the premier provider of risk and insurance continuing education and reference publications, and is considered the ultimate authority by leading insurance practitioners. Written by industry experts, IRMI courses provide the most up-to-date, practical and reliable information possible.
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