User Blogs

User Blogs

Discussions and Blogs

Apr 03
2012

What Are the Latest Identity Theft Statistics?

Posted by: Robert Siciliano in MyBlog

Tagged in: Identity theft

Robert Siciliano

The 2012 Identity Fraud Report: Social Media and Mobile Forming the New Fraud Frontier, released by Javelin Strategy & Research, reports that in 2011 identity fraud increased by 13 percent. More than 11.6 million adults became a victim of identity fraud in the United States, while the dollar amount stolen held steady.

Approximately 1.4 million more adults were victimized by identity fraud in 2011, compared to 2010. Countering this rise is the successful effort to combat identity fraud coupled with greater consumer awareness of the issue. While the number of fraud incidents increased, the total amount lost remained steady.

One of the key factors potentially contributing to the increase in incidents was the significant rise in data breaches. The survey found 15 percent of Americans, or about 36 million people, were notified of a data breach in 2011. Consumers receiving a data breach notification were 9.5 times more likely to become a victim of identify fraud.

According to the survey the three most common items exposed during a data breach are:

– Credit card number

– Debit card number

– Social Security number

What Are the Latest Identity Theft Statistics?

Here are some eye-opening statistics:

•           500 million—the number of consumers from 2005 to 2009 whose personal and financial data has been exposed as a result of corporate data breaches—events the victims cannot control despite taking personal safety measures

•           400%—victims who found out about their identity theft more than six months after it happened incurred costs four times higher than the average

•           165 hours—the average amount of time victims spent repairing the damage done by creation of new fraudulent accounts

•           58 hours—the average amount of time victims spent repairing the damage done to existing accounts

•           43%—the percentage of identity theft occurring from stolen wallets, check-books, credit cards, billing statements, or other physical documents

•           1 in 4—number of American adults who have been notified by a business or checkbooks, credit cards, billing statements, or other physical documents

•           Once every three seconds—how often an identity is stolen

The most efficient way to protect your identity is with an identity theft protection service and get a credit freeze.

Robert Siciliano personal and home security specialist to Home Security Source.

Trackback(0)
Comments (0)add comment

Write comment

busy

Subscribe via Email

 Your Email:
Banner

Tag Cloud

2012 abduction Aberdeen Group alarm alarms Android Apple Apps ATM Skimming Audit authentication Bank Fraud Banking Security BillGuard BlackBerry botnet BPM breaches Browser Security BS 25999 burglar burglary Business Continuity BYOD card fraud change management cheating children pictures Cloud Cloud Security Cobit collaboration Community discussion Compliance computer failure Consumer Fraud Consumer IT Tips consumer privacy consumer scams contactless credit card credit card breaches Credit Card Fraud credit cards credit fraud criminal Criminal Identity Theft Cross-Device Security cyber crime cyber fraud Cyber gangs cyber monday Cyber Security cyberbullying cybercrime cybercriminal cybercriminals cybersecurity cyberwise data Data Backup Data Breaches data privacy data security Data Storage DDOS Device Reputation digital devices Digital Forensics digital life Digital Security digitally secure Disaster Recovery DNS download DPI driver's license dumps E-Commerce eBanking Electronic Discovery Electronic ESI electronic passport email and web security EMV Endpoint Security entity theft Epsilon ERM ESI Ethics Events Facebook Facebook privacy facebook safety tips facebook scam FCC FCPA FDIC Federal Government FFIEC Financial Crisis financial fraud firewall FourSquare Fraud gaming Gartner Geo-tagging gold farming Governance GPS grc GRC evaluation GRC Marketplace GRC technology readiness GRChange Green IT grey charges guard dogs hacked Hackers hacking Hackproof Hacktivism holidays home invasion home security Hotspot HotSpot Shield VPN HP IAM iCloud id ID Theft identity fraud identity proofing identity protection Identity theft identity theft prevention identity theft protection Information Management Information Security Information Supply Insider Threat Internal Audit Internal Controls internet safety internet tracking iOS app iovation IP address iphone iphone apps iPhone security IRS IRS Scams ISACA ISO 27000 ISO 27001 ISO 31000 IT Alignment it compliance it governance IT GRC Forum Events it risk management IT Security IT Service Management ITIL jailbreaking Jobs keylogger kids privacy kids safety laptop security license linkedin scam Litigation lottery scam Malware malware phishing marathon master password mCommerce Member Discount Mobile Mobile Apps Mobile Banking mobile device Mobile Device Management Mobile Devices Mobile payment mobile phone mobile phone security mobile security Mobile Wallet mSecurity Multi-Regulatory Compliance multifactor authentication myblog netgear Network Security New Years NFC NFC app Online Backup Online Banking online dating online fraud online gaming online identity online privacy online safety online scams Online Security online shopping Operational Management OSHA Outsourcing P2P Security Panel Partner Offers passport password password manager password security passwords PCI Performance Management personal data personal device Personal Security pheasting phishing phishing scams Policy predator Privacy privacy and security privacy policy Prize Draw protecting kids online public WIFI QR Codes ransomeware ransomware Regulation E remote access resume fraud Risk Assessment Risk Management router RSA Rules safety tips scam scammer scammers Scams scareware Seasonal Security security apps security tips sext Shopping Shoulder Surfers shredding skimming Skimming Fraud small business smartphone smartphones smishing Social Media social media scams social network Social Security SOX spam spammers spokesman Spyware SSDs ssn Standards strangers Strategy tablets tax fraud tax return scams tax scam tax scams Tech tech support technology Threat Management Tokenization TQM trojan Twitter typosquatting Virus viruses VPN wallet web Webcast Q&A Wi-Fi WIFI wifi hacking WiFi password Wifi security wireless Worms
Banner