2009 Identity Theft Statistics

Javelin Stratecy and Research

Statistics can be dry but these figures could prompt you to zealously guard your most valuable asset, your identity. According to Javelin Strategy and Research, Identity Fraud continues to rise, but mean customer costs and resolution time have decreased. In their latest 2010 Identity Fraud Survey Report they found that Identity fraud has risen to 11.1 MILLION US victims, which is up 12% from 9.9 MILLION in 2008. That is a significant climb.

  • 4.81 % of the US population is a victim of Identity Fraud.
  • The total fraud amount in 2009 reached 54 BILLION dollars, which is up from 48 BILLION dollars in 2008.
  • Consumers who monitor their accounts electronically have shorter detection times and their consumer costs are over 50% less.
  • Social Security Number thefts remain the top breached data and one of the most difficult frauds to detect.
  • The risk of Identity Theft through social networking has nearly doubled in the last year.
  • Small Business owners suffer from Identity Fraud at one-and-a-half times the rate of all other adults.
  • What Can we learn from these new statistics?

    To prevent identity theft, it’s imperative that you think critically about what you share freely over the internet and through social networking sites. What you post is permanent, public, and exploitable. Also, remember that early detection of Identity fraud is key to a swift recovery. Electronically monitor your accounts and be aware of what is on your credit report.

    Identity Theft Statistics: Gallup Poll

    According to a new Gallup poll of identity theft statistics, 66% of adults worry the most about their identities being stolen.

    Gallup trends measuring Americans’ fear of being victims of specific crimes date back several decades, but for each of 10 crimes, the question has been updated annually on Gallup’s Crime survey since 2000. Terrorism was added to the list in 2001, and 2009 marks the first year identity theft has been included.  Gallup says the reason for big worries about identity theft might have to do with the high-profile attention lawmakers and identity-protection firms have been placing on it.

    Frequent/Occasional Worry About Various Types of Crime

    Besides identity theft statistics on American’s fear of identity theft, they also polled on the steps they would take to prevent it. Biometrics is the clear winner. Biometrics refers to methods for uniquely recognizing humans based upon one or more built-in physical or behavioral traits (fingerprint, voice pattern, gait pattern, retinal scan, etc.).  In particular, biometrics is used as a form of Identity Access Management and it is also used to identify individuals in groups that are under surveillance. According to the Gallup Survey, 58% percent of Americans said they would use biometrics to verify their identities, as long as the biometric data was secured, while 38% said they would not use biometrics. The lack of daily use of these methods causes some Americans to be hesitant at first until they are more familiar.

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