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How serious identity theft is it?

Annual Reports on Identity Theft The Federal Trade Commission:

In 2007, identity theft 36 percent of the 674,354 fraud and identity theft complaints accounted for (as reported to the Federal Trade Commission.

In 2005 -255.565 cases of identity theft were reported to the FTC

In 2004 -246.847 were cases of identity theft reported to the FTC

In 2003 215.177 cases of identity theft reported were reported to the FTC

In 2001, CBS News reported that someone the victim of identity theft every 79 seconds (CBSnews.com, 25/01/2001)

Between 1997 and 2005, the Federal Trade Commission reported that more than 3 million cases of fraud and identity theft were more than 1,400 law enforcement agencies in 19 nations reported. Identity theft crimes are not the United States is limited but committed worldwide.

every consumer should know the facts:

– Credit card fraud (26%) was the most common form of reported identity theft by phone or utilities, followed by fraud (18%), bank fraud (17%), fraud and employment (12%). Other major categories of identity theft reported by victims were government documents / benefits fraud (9%) and loans Fraud (5%). (Federal Trade Commission Complaint Data)

– Not the majority of cases reported to federal or local authorities

– The most common Age group 18-29 is affected by identity theft

– The top 10 metropolitan areas are affected by identity theft: Phoenix, AZ, Las Vegas, NV, Miami, FL, San Francisco, CA, and Dallas, TX (2005)

– California had the most reported cases of identity theft with a total area of approximately 45,000 Cases of identity theft (2005)

– The most common method of retrieving information for use in identity theft or lost won or stolen wallets, theft of mail, dumpster diving, and information about friends, family or consumer provider

– Another common method of obtaining your information is by "stealing" it is a business that you may more often

New, to recognize a serious form of identity theft

Synthetic identity theft occurs when pieces are used by several people, a completely new to establish identity. Information may take the form of an address of a person which, on the number of social security and any other employment or banking information by a third or fourth.

Their losses from Identity Theft:

In a study of 173 victims of identity theft through identity theft carried Resource Center specific damages were explored. In any case, the victim's losses included:

– A longer time to correct their credit rating;
– 85% of the victims found out about the theft when they tried to apply for a job or credit;
– Victims are currently spending over 600 hours of trying, the damage to their credit repair
– Victims are money in the approximate sum of more than $ 16,000 per victim, their credit repair
– It is more negative in XP, incorrect or falsified data in their credit reports
– Many victims of the emotional impact of identity theft with a crime of violence equate – similar in some cases can be one of rape as the violation of that personal.

Identity theft is a serious crime. Damage to individuals, banks and businesses and families. Imagine going to buy your new home, to find out if your credit is damaged, and now you are not able to. Imagine the time and money to spend to correct the problems associated with identity theft. Millions of dollars and hundreds of thousands of people in the United States and worldwide, millions Are affected every year by identity theft. The victims, both personal and business use, valuable time, effort and resources to the situation, which in some cases beyond repair to a total repair. Damages are not only to your credit and your finances, but also to your emotional, physical and psychological well-being.

Reporting suspected identity theft is important to protect yourself further and to protect others. The reports should be with the local Authorities should be submitted in your state's Attorney General's Office and the Federal Trade Commission. Consumers must not only protect their information but by the reporting efforts to identity theft may be able to stop it happening in future.

Consumers can report theft to the FTC ID by calling the agency toll-free phone number: 877-438-4338.

About the Author

Lisa Carey is a contributing author for
Identity Theft Secrets: prevention and protection
. You can get tips on Identity theft protection, software, and monitoring your credit as well as learn more about the secrets used by identity thieves at the
Identity Theft Secrets blog
.

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