Banking analyst firm Javelin Strategy & Research has released their 2010 Identity Fraud Survey Report. They surveyed a nationally representative sample of 5,000 US adults, including 703 fraud victims. People were asked a 50-question phone interview to gain insight into crime and the effects on victims.
The report found that there were more victims than in any period since Javelin began performing these surveys in 2003. Much of the increase in fraud as so-called “new account fraud”, which showed longer periods of misuse and lack of detection, and therefore more dollar losses than any other type of fraud. An example of this fraud would be where a criminal applies for a credit card or personal loan using someone else’s identity information.
More information about the report can be found on Javelin’s website.
