Real Dangers of Identity Theft are Offline
"Though identity theft using the Internet seems to get all the attention, most of the financial loss linked to fraud is still from offline crime, a new study shows.
Losses related to an average case of Internet-initiated fraud were $551, compared to $4,543 lost from fraud tracked back to paper statements, according to the 2005 Identity Fraud Survey conducted by the Better Business Bureau and Javelin Strategy & Research.
The survey, which follows an earlier study carried out by the Federal Trade Commission in 2003, indicated that Internet-related crimes are actually less severe, less costly and not as widespread as previously thought.
The amount of money lost to identity fraud in 2004 was $52.6 billion--about the same as in 2003. And the number of victims dropped to 9.3 million in 2004 from 10.1 million the year before."
Full article from News.com
Losses related to an average case of Internet-initiated fraud were $551, compared to $4,543 lost from fraud tracked back to paper statements, according to the 2005 Identity Fraud Survey conducted by the Better Business Bureau and Javelin Strategy & Research.
The survey, which follows an earlier study carried out by the Federal Trade Commission in 2003, indicated that Internet-related crimes are actually less severe, less costly and not as widespread as previously thought.
The amount of money lost to identity fraud in 2004 was $52.6 billion--about the same as in 2003. And the number of victims dropped to 9.3 million in 2004 from 10.1 million the year before."
Full article from News.com
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