« Previous Post | Blog Home | Next Post »


Experian-Gallup survey - 1 in 4 consumers suffered data theft

Posted on Oct 31, 2006 by Tom Fragala

Experian just released a survey it did with Gallup. 26 percent reporteither personal data or financial data being stolen. These results are pretty remarkable. However, keep in mind this is a survey, and you surveys often tell a different story than actual fraud data.

According to the latest Experian-Gallup Personal Credit IndexSM survey, one in five (19 percent) consumers report that they have had their financial information stolen including a bank or credit card number. Approximately one in seven (14 percent) say they have had their personal information stolen, such as a birth certificate, driver’s license or Social Security number. Combined, 26 percent of Americans report being the victim of one type of theft, while 7 percent report experiencing both. More results for the Personal Credit IndexSM can be found at www.PersonalCreditIndex.com.

Three in 10 consumers among the following demographic groups report having had their personal or financial information stolen: college graduates (30 percent), those reporting annual household incomes of $75,000 or more (30 percent), people residing in the Western region of the country (31 percent), and Americans between the ages of 30 and 49 (30 percent). Twenty-one percent of those who had experienced either form of theft said that they knew the person who stole their information.

Seventy-five percent of Americans think credit card fraud is identity theft. Although about half (49 percent) of all Americans say they think it is unlikely that they will be a victim of identity theft, 70 percent said they would take more steps to prevent being a victim if they knew what to do.

See the complete report and summary on www.PersonalCreditIndex.com.



Filed under: Identity Theft

Comments

CV2Now.com on Nov 1, 2006

You forgot to mention that the financial institutions who are responsible for credit card transaction security not only do not enforce their own measures but make a nice profit every time a stolen credit card is used.
Why would they do anything to stop it? Legitimate companies profiting off of credit card fraud.

--------------------

Dear anonymous commenter. I know you want to drive visitors to your site for good reasons. But making anonymous comments only hurts your credibility. Put your full name in the comment and let's start a dialog. Rather than make a controversial statement from an unknown source. If you want to spread the word you have to stand behind your statements. Otherwise don't bother.

Thanks,
Tom

Brian Mortensen on Nov 1, 2006

My name is Brian Mortensen and my company was robbed.
When I found out that the payment processor was responsible and profited from the crime, I was livid, like most are when they discover the facts.

Post a Comment