Identity Theft Remains Top Fraud Complaint - InformationWeek
IoT
IoT
News
News
2/1/2005
04:27 PM
50%
50%

Identity Theft Remains Top Fraud Complaint

Thirty-nine percent of all complaints filed in 2004 were related to identity theft, which is a 1% decline from 2003, according to a newly released FTC report.

Identity theft continues to be the top fraud-related complaint, according to government statistics released Tuesday by the Federal Trade Commission.

The total number of complaints rose 17%, from 542,378 in 2003 to 635,173 in 2004, according to the report, National And State Trends In Fraud And Identity Theft.

According to the report, 39% of all complaints filed in 2004 were related to identity theft, which is a 1% decline from 2003.

Another top fraud-related complaint was Internet auctions, which garnered 16% of the total number of complaints filed last year. Others include shop-at-home/catalog sales (8%), Internet services and computer complaints (6%), and foreign money offers (6%).

Credit-card fraud topped the list at 28% as the most common type of identity theft, followed by phone and utility related fraud (19%), bank fraud (18%), and employment fraud (13%).

The FTC says consumers reported total fraudulent losses of $547 million last year, with the median loss at $259.

The complete report can be found here.

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
How Enterprises Are Attacking the IT Security Enterprise
How Enterprises Are Attacking the IT Security Enterprise
To learn more about what organizations are doing to tackle attacks and threats we surveyed a group of 300 IT and infosec professionals to find out what their biggest IT security challenges are and what they're doing to defend against today's threats. Download the report to see what they're saying.
Register for InformationWeek Newsletters
White Papers
Current Issue
IT Strategies to Conquer the Cloud
Chances are your organization is adopting cloud computing in one way or another -- or in multiple ways. Understanding the skills you need and how cloud affects IT operations and networking will help you adapt.
Video
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Flash Poll