[vonseel]

I think that depends on how you define "significant damaging impact".

Surely, somewhere some victim of identity theft has suffered vast financial losses without recoup.

Surely, many victims of identity theft have a harder time getting approved for loans, leases, or even government clearances and background checks. These things are explainable, but isn't the fact that a person has to deal with this for the rest of their life (or at least 10-15 years following an identity theft event) enough of a problem that you would say it has caused a person "significant, damaging impact"?