|
|
|
2008-03-03 06:32:14
|
 |
Article by George John |
 |
|
According to an Identity Fraud Survey Report by Javelin Strategy and Research released in 2007, the number of US adult victims of identity fraud decreased from 10.1 million in 2003 and 9.3 million in 2005 to 8.4 million in 2007. The 1 year fraud amount decreased from $55.7 billion in 2006 to $49.3 billion in 2007.
The mean fraud loss per victim also decreased from $6,278 in 2006 to $5,720 in 2007. The mean resolution time was reduced from 40 hours in 2006 to 25 hours per victim. The median resolution time has remained the same at 5 hours per victim.
This is good news in that consumers are becoming more aware of the danger identity thieves pose and the risk of identity theft is indeed very real. The findings are encouraging, however What was once the stuff of movie plots is still the number one consumer crime reported to the FTC.
The fastest growing form of identity theft is still unauthorized access to checking accounts. Another recent study finds that 70 percent do their banking or pay their bills online and over half believed they received a phishing e-mail. It is estimated that 19 percent of victims have opened a a compromised e-mail and all large financial institutions and electronic bill-paying services have been hit with phishing attacks. The difficulty in defending or preventing these type of attacks lies in the fact that many attacks originate overseas and the average life span of a one of these sites is 2.25 days.
Education in how to prevent identity theft has largely led to the reduced numbers of crimes reported, although the majority of the general public still have no clue as to the severity of becoming a victim.
Identity theft victims span all age groups however some seem to be affected more than others.
- About 5% of identity theft victims are under 18 years of age.
- Approximately 29% are between the ages of 18-29.
- About 24% are between 30-39 years of age.
- About 20% of identity theft victims are between the ages of 40-49.
- About 13% are between the ages of 50-59.
- About 3% are between the ages of 60-64.
- About 6% are 65 and over.
There does not seem to be any significant difference between race or ethnicity in the percentage of those falling victim to identity theft related crimes.
George John is victim of identity theft. You can find more information on How to Prevent Identity Theft at http://no-id-theft.blogspot.com/
|
| Specialized in: |
Identity Theft
-
Facts
|
| URL: |
http://no-id-theft.blogspot.com
|
|
|
Related Articles |
|
Who Has Access to My Credit Report? (Popularity:  ): From the day you are eligible to own your first credit card, credit referencing agencies such as Experian and Trans Union start to collect information on your financial history. This information goes into making your personal credit report and is used to determine your credit score. Banks use this information to help them decide which banking products, such as loans and credit cards, will be suitable for you.The Difference Between ...
Phishing - Who's Trying To Rob You Blind! (Popularity: ): Beware! Someone is Phishing for your Personal Financial Information
4 Things You Must Do Now to Protect Yourself Against Internet ThievesWhat is phishing?Phishing is pronounced just like the sport used to catch a fish on a hook - fishing. And that's exactly what thieves are trying to do to you - hook onto your personal financial information.What personal financial information are they looking for? Anything and everything - store account numbers, ...
How To Protect Your Social Security Number (Popularity: ): Your social security number is very important, it's like your password in life, all of your information is tied into that number. Many people don't know this, but only a few organizations actually have the right to know your social security number. Today almost everybody is requesting a social security number for access to something, schools, video stores, phone companies, health clubs, etc. The main reason for companies asking for ...
Medicare Fraud and Abuse: The Most Profitable Healthcare Crime in the U.S. (Popularity: ): Medicare fraud and abuse cost taxpayers approximately $60 billion a year. It’s one of the fastest and most profitable crimes in the U.S. The government health insurance program that covers 46 million elderly and disabled Americans is being hijacked by opportunists preying on patients, doctors, suppliers, and lack of oversight of the system itself.According to President Obama, Medicare fraud and abuse is fueling enormous federal budget deficits. He recently explained ...
How to Protect Your Identity During the Holiday Season (Popularity: ): Holiday cheer is all around us and winter is in the air, we feel the chill of the season and the happiness of the time of the year. No matter where we go it's hard to hide from the fact that it's almost Christmas time. With mistletoe and lit up trees all around, the presence of stocking hung with care we keep our spirits bright all through the day and ...
|
|
Related Business |
|
Identity Theft Facts and Resources (Popularity: ): Your identity is your most important asset. Valuable information about identity theft and helpful tips on how to protect yourself. Critical steps to take if you are a victim, to restore your name and your credit.
ID Cuffs: Identity Theft Protection (Popularity: ): ID Cuffs was founded with one mission: become the leader of true comprehensive identity theft prevention, and we have accomplished this mission. Unfortunately, there are mountains of misinformation regarding proper proactive identity theft prevention, and most consumers simply desire good identity theft protection with honest terms at a fair price.
Target Class Action (Popularity: ): Almost every day, we read or hear something in the news about the latest loss or theft of customer or employee information. In the past few years, identity theft has grown exponentially, due in part to the relative ease to commit such a crime and its low conviction rate. Accordingly, organized crime now leads the way in identity theft crimes.
Best Identity Theft Protection (Popularity: ):
Get tips and resources for identity theft protection and prevention, internet security and much more.
Stop SPAM and Telemarketers (Popularity: ): Simple steps to help stop spam, telemarketers, and to prevent identity theft. Includes state-by-state rights and regulations.
Sse Installation (Popularity: ): The most cost effective method to protect, monitor and secure your property is with a CCTV installation. Carefully designed surveillance systems can help prevent theft, vandalism and other damage at your premises. There are a wide range of security devices available on the market today. With the correct selection of products and a professional installation, it is possible to establish a preventative system, as well as a tool for recourse ...
Lyndon Lock (Popularity: ): Full range of security products to help prevent theft of your personal computer systems and all related peripherals.
Millersmiles.co.uk (Popularity: ): Offers information about online identity theft, spoof email and phishing scams.
Access Underwriting Limited (Popularity: ): Insurance approved security supplies for garage doors and internally to prevent theft of motorcycles and other movable equipment.
Theft Talk (Popularity: ): Counsels theft offenders of all ages, provides theft victim services, and professional training services.
|
|
|
Print article
Bookmark this page