Identity Theft Statistics
Identity theft is a severe offense that we all require to become conscious of. On this post we look at a number of figures representing this crime so that you can provide you with a much better idea of this offense and how essential it’s to guard your self against it.
Identity theft was very first pointed out in literature within the 1990’s, studies showed that between 2001 and 2002 there is an 11-20% improve on this offense, whilst between 2002 and 2003 this figure had increased to 80%.
The Javelin/Better Business Bureau survey from January 2006 demonstrated that there was a decrease in identity theft in between 2003 and 2006 though. In 2003 the adult victims of identity theft living in the United States was 10.1 million in 2003, 9.3 million in 2005 and 8.9 million in 2006.
Identity theft statistics from the Javelin report nevertheless do display an improve within the fraud amount. In 2003 the one year fraud amount was $53.2 billion, $54.4 billion in 2005 and $56.6 billion in 2006.
Identity theft statistics show that in Waco, Texas, alone there is a 700% improve in identity theft instances between 2004 and 2005.
The Bureau of Justice Statistics estimated that inside a six month period in 2004, a total of 3.6 million households had been impacted by identity theft.
Identity theft can also have severe consequences for businesses. Identity theft figures display that it may cost a company up to $90,000 or more when just 1 laptop is stolen. These costs include fines, credit monitoring, public relations damage control and class action litigation.
45% of all identity theft cases are caused by stolen laptops. The second most frequent issue was information leaks from records lost by third component company partners or outsourcing companies. This second component makes up about 29% of all of the cases.
The Identity Theft Resource Center says that, “Studies about the complete cost of identity theft vary. One study said that identity theft price U.S. Companies and consumers $56.6 billion in 2005.”
A survey carried out through the Identity Theft Resource centre within the spring of 2006 showed some frightening outcomes with regards to phishing. Out of 309 individuals surveyed, 165 individuals said they did not know what phishing was, whilst only 77 individuals answered properly. For much more info see http://www.preventidentitythefthelp.com/Identity_Theft_Protection on identity theft safety.
The Javelin record from 2005 however indicated that offline/traditional techniques of identity theft had been still more well-liked than online methods. The identity theft statistics they gave had been 68.2% offline and 11.6 on the internet.
In conclusion, even though the number of grownup victims of identity theft has decreased because 2003, the amounts included have enhanced, and identity theft remains a really serious crime. Most criminals included in identity theft are still utilizing offline techniques but we ought to also be cautious of on the internet techniques for example phishing. The figures themselves may differ depending on different reports but the fact continues to be the same, these identity theft figures are a cause to inform your self about identity theft and take much better precautions to guard yourself.
