2010 Identity Fraud Survey Report: Identity Fraud Continues to Rise – New Accounts Fraud Drives Increase; Consumer Costs at an All-Time Low
|2010 Identity Fraud Survey Report|
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ID Fraud continued to rise in 2009, with Javelin finding there are more victims than in any period since the survey began in 2003. Driving that increase was new accounts fraud, which showed longer periods of misuse and detection and therefore more dollar losses associated with it than any other type of fraud. Meanwhile the consumer costs, the dollar amounts the victim pays on average out-of-pocket, reached an all time low. The Javelin 2010 Identity Fraud Survey Report provides a detailed, comprehensive analysis of identity fraud in the United States in order to help consumers and businesses better understand the effectiveness of methods used for its prevention, detection and resolution. A nationally representative sample of 5,000 U.S. adults, including 703 fraud victims, was surveyed via a 50-question phone interview to gain insight into this crime and the effects on its victims. This report, supported by the Better Business Bureau, is issued as a longitudinal update to the Javelin 2005, 2006, 2007, 2008, and 2009 Identity Fraud Survey reports and the FTC’s 2003 report.
This survey is co-sponsored by organizations committed to educating and helping consumers and businesses reduce their risk of identity fraud including Fiserv, Inc., Intersections Inc., Wells Fargo & Company, and ITAC, the Identity Theft Assistance Center and is supported by the Better Business Bureau. Sponsors partially underwrite Javelin’s cost of data collection, analysis and reporting in return for having their organization cited in the release of the study. Javelin retains complete independence of data analysis and reporting, and the report has been created solely by Javelin employees.
“The latest findings from the Identity Fraud Survey Report show why an accurate awareness of the facts is so crucial in defending against crimes of impersonation. Although more crime is being committed, by providing education that enables both consumers and business to focus on the right action steps, we can make real progress fighting identity theft together,” Stephen A. Cox, President and CEO of the Council of Better Business Bureaus