Identity Fraud Figures New Heights
Economic crises and cyber crime are linked . We have already witnessed year 2008 was not good for economic health and continuing with same trends in present year ‘09 . But still fraud booms , ahead with changing face of internet .
Yes, According to latest Javelin research report, this week ,There was a significant increase in the identity fraud with steep growth of 22 percent . The survey targeted U.S Adults nearly 4800 out of which 482 confirmed that they had been victims of identity theft fraud.
As compared year 2007-08, There was sharp increase in the figure of Americans knowing that they were victimized. While the number of victims is up, the cost to consumers is down. The mean consumer cost of identity fraud dropped 31 percent from $718 (£486) to $496 per incident, the lowest level since 2005.
The Report demonstrates industry effort and consumer education helped directly to minimize fraud level i.e in terms of detection and prevention. The report also highlights compared to men, woman are 26 percent more victims of identity fraud. But on the other side identity fraud continues to boom in the form of lost credit card, wallet etc.
Source: ZDNet UK
Related posts:
- Preventing Consumer Fraud & Identity Theft
- IC3 2008 Internet Crime Report Reveals Increase in Cyber Crime
- Fraud Booms in 2008
- Identity Theft-Simple protection tips
- Consumer Alert : World’s Top 10 Scams At Glance
