Online identity theft a growing criminal problem in Asia: IDC
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Online theft of financial information from individuals has become one of the fastest-growing non-violent crimes in the Asia-Pacific region, technology research house IDC says.
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Network attacks using stolen IDs result in substantial damages, according to an analysis of federally prosecuted cases.
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LOS ANGELES - California university officials have warned nearly 600,000 students and faculty that they might be exposed to identity theft following incidents where computer hard drives loaded with their private information were lost or hacked into.
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Rise in online identity fraud has companies on the hook: Educate customers or lose them.
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LOS ANGELES -- California university officials have warned nearly 600,000 students and faculty that they might be exposed to identity theft following incidents where computer hard drives loaded with their private information were lost or hacked into.
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(InfoWorld) - Identity theft remained top of mind among U.S. consumers last year, but complaints about Internet auction fraud dropped noticeably, according to data released Wednesday by the U.S. Federal Trade Commission (FTC). More than a quarter of a million ID theft complaints were lodged with the agency last year, accounting for 36 percent of the 674,000 complaints the FTC received. That number is down slightly from 2005, when ID theft accounted for 37 percent of all complaints. This marks the seventh consecutive year that identity theft has been ranked number one. The second-largest number of complaints, 7 percent, came from consumers who were unhappy with products they had ordered from catalogs. Internet-related complaints were up too. According to the 2006 data, they made up 60 percent of all fraud complaints. Last year, they accounted for 46 percent. But one area of Internet fraud declined noticeably: Internet auctions. In last year's report, complaints relating to products purchased on online auction sites like eBay made up 12 percent of the FTC submissions. In the 2006 numbers released Wednesday, that number had plummeted to 5 percent. The FTC has made identity theft a priority over the past few years, and the agency maintains a Web site where consumers can learn how to protect themselves and file complaints if they've been victimized. The FTC is also one of the agencies heading up the U.S. government's Identity Theft Task Force, created by President George Bush in 2006. "It's not surprising to me that identity theft is number one because we're the ID theft clearinghouse," said FTC Chairman Deborah Platt Majoras. The fact that the FTC saw a slight drop in the percentage of its complaints that related to ID fraud appears to back upÂ a downward trend reported last week by Javelin Research. The research firm said that ID fraud was down in the U.S. with the cost of this type of crime dropping 12 percent in 2006. The FTC stressed that its consumer complaints data is merely anecdotal. However, the agency is working on a more rigorous study of identity fraud trends and is expected to release that data in the coming months. Majoras said it was unclear whether ID fraud is increasing but hopes that the Javelin numbers are right. Her sister was the victim of identity theft recently after falling prey to a phishing attack, she said. "I said to her, 'You can't fall for stuff like that,'" she said. Â
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The results of a survey conducted by GartnerÂ and shared with IDG News Service show that online consumers are growing frustrated with the lack of security provided by banks and online retailers, and feel that passwords are no longer sufficient to secure their online transactions.
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Identity theft victims are also losing more money and getting less of it back, research shows.
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Despite growing fears about online fraud, a new study finds that most cases of identity theft originate offline.
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Americans lost about $49.3 billion in  2006 to criminals who stole their identities, an 11.5 percent  decline that may reflect increased vigilance among consumers  and businesses, a study released on Thursday shows.
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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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Gimme shelter US identity theft losses dropped 11.5 per cent last year to $49.3bn, according to a new study.â¦
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NEW YORK -- Americans lost about $49.3 billion in 2006 to criminals who stole their identities, an 11.5 percent decline that may reflect increased vigilance among consumers and businesses, a study released yesterday shows.
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More than 3.5 million Americans were victims of phishing scams and online identity theft in the year that ended in August, a 57% increase over 2006, according to Gartner fraud analyst Avivah Litan.
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Identity theft concerns are pushing some counties to take down or black out personally identifiable information from their Web sites but the work remains a challenge.
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Computer users who type in the same username and password for multiple sites -- such as online banks, travel agencies and booksellers -- are at serious risk from identity thieves, a United Nations agency said on Sunday.
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SEPTEMBER 21, 2004 (IDG NEWS SERVICE) - Responding to a scourge of online fraud and identity theft that threatens to undermine public confidence in Internet commerce, major companies are rolling out new services to encourage the adoption of better