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Identity Fraud Rose 13 Percent in 2011 According to New Javelin Strategy & Research Report

March 8, 2012 Comments off

Identity Fraud Rose 13 Percent in 2011 According to New Javelin Strategy & Research Report
Source: Javelin Strategy & Research

The 2012 Identity Fraud Report: Social Media and Mobile Forming the New Fraud Frontier , released today 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. The report also took the nation’s most comprehensive quantitative look at consumer behavior and fraud and found consumers’ social media and mobile behaviors may be putting them at greater risk.
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Now in its ninth consecutive year, the comprehensive analysis of identity fraud trends is independently produced by Javelin Strategy & Research and made possible by Fiserv, Intersections Inc. and Wells Fargo & Company, companies dedicated to consumer fraud prevention and education. It is the nation’s longest-running study of identity fraud, with 42,951 respondents surveyed over the past nine years.

Identity fraud is defined as the unauthorized use of another person’s personal information to achieve illicit financial gain. In October 2011, Javelin Strategy & Research conducted an address-based survey of 5,022 U.S. consumers to identify important findings about the impact of fraud, uncover areas of progress, and identify areas in which consumers must exercise continued vigilance.

+ Full report available for purchase; free registration required to download sample.

Categories: consumer issues, financial crime and fraud, Javelin Strategy & Research, social media, technology and internet

Identity Fraud Fell 28 Percent in 2010 According to New Javelin Strategy & Research Report

February 9, 2011 Comments off

Identity Fraud Fell 28 Percent in 2010 According to New Javelin Strategy & Research Report
Source: Javelin Strategy

The 2011 Identity Fraud Survey Report, released today by Javelin Strategy & Research, reports that in 2010 the number of identity fraud victims decreased by 28 percent to 8.1 million adults in the United States, three million fewer victims than the prior year. Total annual fraud decreased from $56 billion to $37 billion, the smallest amount in the eight years of the study. While overall fraud declined, consumer out-of-pocket costs rose significantly, mainly due to the types of fraud that were successfully perpetrated and an increase in “friendly fraud.”

+ Full Report

Categories: financial crime and fraud, Javelin Strategy & Research, privacy and security
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