The Federal Trade Commission released some powerful statistics earlier this month that are starting to show up in web reports across the internet. Yahoo published an interesting article today on the "Worst Town in the US for Identity Theft" which is Napa according to this report (you can see the story here). For those of you in the industry the data in the report is interesting and provides some factual information to back-up trends in the industry. You can read the entire FTC report here.
Another report that they also released recently was the top consumer fraud complaints. You can read the press release here. However, here are some of the highlights:
- "Of 813,899 total complaints received in 2007, 258,427, or 32 percent, were related to identity theft."
- "The report states that credit card fraud was the most common form of reported identity theft at 23 percent, followed by utilities fraud at 18 percent, employment fraud at 14 percent, and bank fraud at 13 percent."
- "Consumers reported fraud losses totaling more than $1.2 billion; the median monetary loss per person was $349"