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Javelin 2010 Identity Fraud Survey Report
Posted on Mar 15, 2010 by Tom Fragala
Javelin released their 2010 Identity Fraud Survey Report back in February. As usual, there is plenty of room for people to spin the data. It's a mixture of positive and negative news.
Identity fraud still grew by 12% in 2009, although less quickly than in 2008 (22%). However, cases are also getting reported and resolved more quickly. Javelin reports 11.1 million U.S. adults were victims in 2009 and the total fraud amount increased by 12.5 % to $54 billion. Average fraud resolution time dropped 30% to 21 hours, and nearly half of the victims file police reports, resulting in double the reported arrests, triple the prosecutions, and double the percentage of convictions in 2009.
Note that Javelin differentiates between identity theft (the loss of data) and fraud (the misuse of the data), which is the optimal way to look at thing.
Read more at Bank Info Security.
Filed under: Identity Theft
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