FTC Report on Identity Theft
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This is the new FTC Report… Some key things to know
- Total number of complaints is the highest ever with more than 1.2 million registered in 2008. In 2007, just over 800,000 complaints were filed (33% increase).
- Since 2000 complaints have increased from 230,000 to more than 1.2 million (an 81% increase)
- Of the FTC complaints during calendar year 2007 - 26% were identity theft complaints.
- 65% of all consumers filing with a complaint with the FTC never filed a police report.
- Identity theft was the number one complaint category to the FTC for calendar year 2008 with 26% of the overall complaints, followed by Third Party and Creditor Debt Collection (9%); Shop-at-Home and Catalog Sales (4%); Internet Services (4%); Foreign Money Offers and Counterfeit Check Scams (3%); Credit Bureaus, Information Furnishers and Report Users (3%); Prizes, Sweepstakes and Lotteries (3%); Television and Electronic Media (2%); Banks and Lenders (2%); and Telecom Equipment and Mobile Services (2%).
- 98% of the consumers reporting fraud also reported an amount paid.
- A total of 643,195 FTC 2008 complaints are fraud-related. Consumers reported paying over $1.8 billion in those fraud complaints; the median amount paid was $440. Eighty-four percent of the consumers reporting fraud also reported an amount paid.
- Colorado is the state with the highest per capita rate of reported fraud and other types of
complaints, followed by Maryland and Nevada.
- Top five states stayed the same – Arizona, California, Florida, Texas and Nevada. Nevada moved from third to fifth while Florida moved from fifth to third.
- Total complaints increased from 259,266 to 313,982 (21% increase). There was only a 5% increase during the previous year (2006-2007).
- Since 2000, there has been an 81% increase in identity theft complaints.
- From 2007 to 2008 consumers reported spending more than $1.8 billion as a result of identity theft and fraud – a 25% increase from the year prior.
- Credit card fraud (20%) was the most common form of reported identity theft followed by
government documents/benefits fraud (15%), employment fraud (15%), and phone or utilities fraud (13%). Other significant categories of identity theft reported by victims were bank fraud (11%) and loan fraud (4%).
- Government documents/benefits fraud is now the second most common reported type of identity theft after credit card fraud. Fraudulent tax return-related identity theft, a subtype of government documents/benefits fraud, has increased nearly six percentage points since calendar year 2006.
- There was a 38% increase in identity theft complaints from last year in the Brownsville (TX) area and ranked #1 as the worst reported area in the U.S.
- There was a 24% increase in identity theft complaints from last year in the Miami (FL) area.
- Identity theft and fraud complaints rose 25% in the past year.
- 33% of all ID theft problems in Arizona were employment related.
- In 2007, the Phoenix-metro area ranked 29th in identity theft nationwide. In 2008 the area dropped to 38th through complaints were up by 1,000.
- Reported cases identity theft related to government documents or benefits rose 70% (573 to 1,009).