The 2011 Identity Fraud Survey Report by Javelin was just released, and it shows new trends in identity theft. While the report states that identity theft cases have decreased overall, it is costing consumers more time and money. The good news is that the drive to increase awareness about identity theft is working.
Meanwhile, consumer costs, the average out-of-pocket dollar amount victims pay, increased, reversing a downward trend in recent years. This increase can be attributed to new account fraud, which showed longer periods of misuse and detection and therefore more dollar losses associated with it than any other type of fraud. – Javelin Strategy & Research
Posted in Identity Theft Prevention by Identity Theft Speaker John Sileo.
Tags: 2010, Fraud, Identity Theft Prevention, javelin, John Sileo, social networking, Statistics, Stats
A few weeks ago, Javelin Safety & Research released its comprehensive survey on Identity Theft & Fraud for the fifth consecutive year.
Let me boil it down to the Top 5 Identity Theft Findings that impact you (and my comments and opinions in parentheses):
- Overall Identity Fraud Incidents Increased in the United States (the problem is getting worse as the economy sinks and people turn to crime to pay their bills)
- Costs to Consumers are Down (businesses are being forced to take greater responsibility for the liabilities and costs of identity theft – in other words, the burden is shifting from the consumer to corporate America)
- Fraudsters are Moving Much More Quickly (the crime of identity theft is moving from garden variety criminals into the hands of organized crime)
Posted in Identity Theft Prevention by Identity Theft Speaker John Sileo.
Tags: fraud survey, id theft, Identity Theft Prevention, Identity Theft Prevention, javelin
