Identity Theft, Net Scams Rose in '04-FTC
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Americans lost at least &#36;548 million to identity theft and consumer fraud last year as the Internet provided new victims for age-old scams, according to government statistics released Tuesday.
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Americans lost at least $548 million  to identity theft and consumer fraud last year as the Internet  provided new victims for age-old scams, according to government  statistics released Tuesday.
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The loss or theft of personal data such as credit card and Social Security numbers soared to unprecedented levels in 2007, and the trend isn't expected to turn around anytime soon as hackers stay a step ahead of security and laptops disappear with sensitive information.
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(InfoWorld) - The U.S. Federal Trade Commission will wade into an emerging debate on the nature of identity crime when it releases its latest ID theft statistics at the RSA Conference in San Francisco next week. The data, set to be released on Wednesday, will be based on information compiled by the FTC's Consumer Sentinel complaint database, said Claudia Bourne Farrell, an FTC spokeswoman. The Consumer Sentinel data is based on "anecdotal ... data that has been self-reported to the FTC by consumers," Farrell said. The FTC is preparing a more comprehensive ID fraud survey, similar to one it published in 2003, which is expected to be released in the coming months. Still, the FTC's Consumer Sentinel report is based on a large amount of data. In 2005, for example, consumers logged more than 650,000 complaints, accounting for about $680 million in losses. The FTC's numbers will come at a time when there is some debate about whether ID theft is actually on the rise. Using a methodology developed for the 2003 FTC survey, Javelin Strategy & Research reported Thursday that this type of fraud actually dropped in 2006. The total cost of identity fraud was down 12 percent last year, totalling $49.3 billion in losses, according to Javelin. Nationwide, there were about 500,000 fewer victims, year-over-year, the research company said. Javelin's results run "contrary to all the trends we are seeing in the market," said Gartner analyst Avivah Litan. "In fact, the U.K. banks just released a study showing their identity theft-related fraud is up nearly 20 percent," she said.
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Identity theft victims are also losing more money and getting less of it back, research shows.
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The loss or theft of personal data such as credit card and Social Security numbers soared to unprecedented levels in 2007
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Identify fraud has risen by 400 percent in the last 5 years but the majority of Britons would not know who to contact.
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Three-quarters of wired Americans have noticed an increase in phishing incidents during the past few months, according to new data.
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Internet executives and analysts are closely tracking the rise of identity theft over the Internet.
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There's a new kind of theft growing in popularity -- be careful!
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By Chandra Devi  HOAX and scams are getting bolder these days leveraging on high speed technology to get faster and more results.
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By Paul Wenske, The Kansas City Star, Mo. Jun. 8--If you're like lots of Americans, you're increasingly wary of identity theft.
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The loss or theft of personal data such as credit card and Social Security numbers soared to unprecedented levels in 2007, and the trend isnât expected to turn around anytime soon.
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Trojans, malware and phishing scams are all on the rise in the last six months, according to the company's Security Intelligence Report.
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Faced with increasing threats of theft of consumer data, credit-card companies are rolling out higher security plastic.
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Identity theft complaints remained a top priority for  U.S. consumers last year, the FTC says.
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Q: I have been receiving an increasing number of e-mail requests to participate in financial schemes that are clearly bogus and illegal.