The average cost of a car repair has risen by 12% in the last year alone, with the average repair cost now standing at $396. The average cost of a car insurance claim has also increased, with the average claim costing $3,870, up from $3,600 the previous year. The average cost of a car accident has risen by 10% in the last year, with the average cost now standing at $3,600. The average cost of a car theft has increased by 15% in the last year, with the average cost now standing at $3,000.

He suggests that these services are not only beneficial for individuals but also for the economy. He points out that the cost of identity theft is not just a personal burden but also a significant economic issue. The National Cyber Security Alliance (NCSA) reports that identity theft costs the U.S. economy over $56 billion annually. This includes direct costs like fraudulent charges and indirect costs like lost productivity. Griffin highlights that identity theft can lead to a domino effect of financial and personal consequences. For instance, a stolen identity can result in fraudulent loans, credit card debt, and even legal issues.