Identity theft losses grow, Web a small factor

Iria · Feb 1, 2006, 05:22 AM

NEW YORK (Reuters) - U.S. consumers lost nearly $57 billion last year to criminals who stole their identities, but online fraud was the culprit in just one in 10 cases, according to a survey released on Tuesday.

The study by the Council of Better Business Bureaus and Javelin Strategy & Research showed that identity theft cost U.S. consumers 4 percent more in 2005 than the $54.4 billion it cost in 2004. The average fraud rose to $6,383 from $5,885.

Nevertheless, the number of adult Americans who learned that criminals had stolen personal data and used it to commit fraud fell to 8.9 million, or 4 percent, from 9.3 million in 2004 and 10.1 million in 2003. Data showed that people who were younger and had lower incomes were more vulnerable.
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Read More / Source: Yahoo! News

Feb 1, 2006, 05:22 AM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 89	Identity theft losses grow, Web a small factor NEW YORK (Reuters) - U.S. consumers lost nearly $57 billion last year to criminals who stole their identities, but online fraud was the culprit in just one in 10 cases, according to a survey released on Tuesday. The study by the Council of Better Business Bureaus and Javelin Strategy & Research showed that identity theft cost U.S. consumers 4 percent more in 2005 than the $54.4 billion it cost in 2004. The average fraud rose to $6,383 from $5,885. Nevertheless, the number of adult Americans who learned that criminals had stolen personal data and used it to commit fraud fell to 8.9 million, or 4 percent, from 9.3 million in 2004 and 10.1 million in 2003. Data showed that people who were younger and had lower incomes were more vulnerable. ____________ Read More / Source: Yahoo! News