January 3, 2008
How Serious Is Identity Theft Really?
Yearly Reports of Identity Theft to the Federal Trade Commission:
In 2007 identity theft accounted for 36 percent of the 674,354 fraud and identity theft complaints (reported to the Federal Trade Commission.
In 2005 -255,565 cases of identity theft were reported to the FTC
In 2004 -246,847 cases of identity theft were reported to the FTC
In 2003 215,177 cases reported of identity theft were reported to the FTC
In 2001 CBS News reported that someone became the victim of identity theft every 79 seconds (CBSnews.com, 1/25/01)
Between 1997 and 2005 the Federal Trade Commission reported that over 3 million cases of fraud and identity theft were reported to over 1400 law enforcement agencies in 19 nations. Identity theft crimes are not limited to the United States but are committed world wide.
Facts every consumer should know:
- Credit card fraud (26%) was the most common form of reported identity theft followed by phone or utilities fraud; (18%), bank fraud (17%), and employment fraud (12%). Other significant categories of identity theft reported by victims were government documents/benefits fraud (9%) and loan fraud (5%). (Federal Trade Commission Complaint Data)
- the majority of cases go unreported to Federal or local authorities
- the most common age group affected by identity theft […]
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