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Report: Identity fraud declines
February 26, 2007
Javelin Strategy and Research - Identity fraud declines, study finds
Saw this on the wire today...interesting read.
ID fraud is dropping because consumers, financial institutions and the government are improving in their efforts to fight fraud,” said James Van Dyke, president and founder of Javelin Strategy & Research, San Francisco. Several years of data now exist from which to learn about criminal patterns, and “resources are much stronger as measured by systems, staff and sophistication. More and more consumers are changing their behavior to effectively protect their personal information, and institutions and the government are helping to provide further education for fraud prevention and detection as well as greater assistance in resolving fraud cases.” The survey, done via 5,000 telephone interviews with consumers in October, is co-sponsored by CheckFree, Visa and Wells Fargo & Co. It is considered the nation’s largest, most up-to-date benchmark on identity fraud. About 500,000 fewer U.S. adults fell victim to identity fraud in 2006 than in 2005. Of the nation’s adult population, 3.7 percent were victims, down from 4.0 percent in 2005. This shows a continued year- over-year decrease since data were first collected in 2003, when 4.7 percent of the adult population was victimized.
Read the rest of the article at http://www.javelinstrategy.com/2007/02/13/identity-fraud-declines-study-finds/
Posted by alex.
