Our Chicago-based partner, Daniel Struck, was recently interviewed about ID theft policies for an article published on PlanSponsor.com. Here’s a short excerpt:
Among the voluntary benefits that employers offer, identification theft insurance is becoming more popular.
The reason, says Daniel Struck, a partner with Culhane Meadows in Chicago, is that one in 25 people experience an incident of cyber theft or identification theft. “It is a widespread issue,” Struck says. “Without insurance, it takes a person 30 to 50 hours of their time to deal with the impact, that is, making phone calls and cancelling accounts. That is typically done during working hours, so employers realize this is a productivity issue.”
Read the entire article HERE.