Didyou know

On the Federal Trade Commission's list of Top Consumer Complaints identity theft has been the number one complaint for nine years running and nearly one fifth of all complaints in 2010 were for identity theft.

The number of identity theft victims in the United States fell by 28 percent from 2009, but there were still 8.1 million adult victims. The FTC tallied 250,854 consumer complaints regarding identity theft in 2010. Identify theft has been the top consumer complaint reported to the FTC for nine consecutive years.

 

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Identity Theft Statistics

Identity Theft affected 8.1 million adults in 2010, a decline of 28 percent from 2009. It has also cost the victims an average of $631 in out-of-pocket expenses and 33 hours to resolve the damage caused by the stolen identity.

"Your credit card information is just as vulnerable in a restaurant as it is on the internet" - Howard Beales, FTC

According to the Federal Trade Commission, one in every six americans was a victim of identity theft in 2008 and for nine years straight Identity Theft has topped the FTC Consumer complaint list.

Every 79 seconds, a thief steals someone's identity, opens accounts in the victim's name and goes on a buying spree. - Javelin Strategy & Research 2008

For more information and resources on Protecting Yourself please visitProtecting Yourself and Reporting Identity Theft

For more information on Identity Theft Protection Services please visitIdentity Theft Protection Services

Identity Theft Statistics

Cost - $50 billion a year to global business (source: FTC)

9 Years Running as the Top FTC Consumer complaint, in 2010 Identity Theft comprised 19% of total consumer complaints (source: FTC)

3.5% of the total U.S. population fell victim to identity fraud in 2010 (source: Javelin Strategy & Research)

8.1 million adults had some type of identity theft crime committed against them in 2010 (source: Javelin Strategy & Research)

In 2010 victims averaged $631 in out-of-pocket expenses and 33 hours of time to resolve the problems caused by identity theft (source: Javelin Strategy & Research)

2008 reversed a four-year incidence trend of decreasing fraud and continued to increase in 2009, but in 2010 identity theft decreased 28 percent from the previous year (source: Javelin Strategy & Research)

In 2010 14% of identity fraud crimes were committed by someone the victim knows (source: Javelin Strategy & Research)

There has been increased attempts at identity theft over the telephone ("vishing") and via text messages (SMiShing). In this scam, the fraudsters trick the consumer to provide their personal or financial information over the telephone, or by going to a link in a text message.

One child in every classroom is already a victim of Identity Theft (source: Debix)

The children who are victimized average $12,799 in fradulent debt  (source: Debix)

12% of children who became victims were 5 years old or younger (source: Debix)

AdditionalResources

  • Introduction to Ecommerce Fraud Fundamentals.

    Provides participants foundation level knowledge about the theories, best practices and terminology surrounding electronic payment fraud. Presented in a standard format covering the history of eCommerce Fraud, consumer fraud, merchant fraud, fraudster motivation, fraud trends, identity verification and phishing.

  • Ecommerce Fraud Moving from Tools to Solutions.

    This session covers what constitutes a fraud solution and categorizes the many types of third party fraud tools. The course outlines the common terminology of fraud solutions and describes the capabilities needed to implement a fraud solution.

  • 2nd hand mobile phones contain original owners data.

    Study finds that more than half of second-hand mobile phones contain personally identifiable information of the previous owner.

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