Not to minimize the consequences of credit card theft, as it certainly bears considerable weight on everyone involved. But while difficult and time consuming to manage, harm assumed from a stolen credit card can often be overcome. Although it may take some time and effort, it’s not impossible to recover most of the money and other financial losses from credit card theft.
According to findings from Consumer Reports1, ramifications of stolen medical records and health insurance cards, on the other hand, often extend well beyond financial losses. Thieves who steal health insurance cards, for example, can use those cards to obtain free or discounted healthcare that they normally wouldn’t be able to get. And once this happens, the medical record of the actual card holder can be seriously impacted. If inaccurate information is included in the medical record, victims of medical identify theft can experience harm to their health, including misdiagnoses or delays in treatment.