Victims who have experienced identity theft in their early adult life may have found that they could not be fully independent or fulfil their full potential. A delay in educational opportunities means that victims can feel that they have missed out on career opportunities, which would have allowed them to be financially stable and therefore impacting their future success.
Victims may feel devastating and long-lasting effects, impacting their financial well-being in many ways and in some cases forcing them to declare bankruptcy.
Research indicates the lack of support from the people victims trust can potentially reveal their “loved ones” might have been involved, or makes the victim feel that this could be the case.
The emotional toll of identity theft is concerning. Victims may experience emotions such as annoyance or frustration, anger, or rage. They can be afraid for their financial future and fearful of what this incident could do to their and their family’s financial security, as well as feeling violated and feeling vulnerable.
Only a minatory of victims seek out professional help to deal with their emotional response to being victimised. A strong support network of friends and family around victims may also help them to deal with the impact. Additionally, victims may experience sleep disturbances, an inability to concentrate, fatigue, and headaches due to stress.
Oftentimes, the reason that victims do not seek support is because they are unable to afford to do so, or the waiting list for assistance is very long.
Trends indicate that victims from a range of economic backgrounds are being targeted. Nonetheless there is a greater adverse effect on victims from lower-income thresholds due to various reasons, including the effects on their livelihood making them unable to pay their bills or expenses as a result.