FTC Releases Data on Identity Crimes

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:

  1.  "Of 813,899 total complaints received in 2007, 258,427, or 32 percent, were related to identity theft."
  2. "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."
  3. "Consumers reported fraud losses totaling more than $1.2 billion; the median monetary loss per person was $349"

This entry was posted in Sun. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s