Identity theft is a serious crime that we all require to become aware of. In this post we look at a number of figures representing this offense in order to provide you with a much better concept of this offense and how important it’s to guard your self against it.

Identity theft was first mentioned in literature within the 1990’s, studies showed that in between 2001 and 2002 there was an 11-20% improve in this offense, whilst in between 2002 and 2003 this figure experienced enhanced to 80%.

The Javelin/Better Company Bureau survey from January 2006 showed that there is a decrease in identity theft between 2003 and 2006 although. In 2003 the adult victims of identity theft living in the United States was 10.1 million in 2003, 9.3 million in 2005 and 8.9 million in 2006.

Identity theft statistics from the Javelin record nevertheless do show an increase in the fraud amount. In 2003 the 1 year fraud quantity was $53.2 billion, $54.4 billion in 2005 and $56.6 billion in 2006.

Identity theft statistics display that in Waco, Texas, alone there was a 700% increase in identity theft cases in between 2004 and 2005.

The Bureau of Justice Figures estimated that inside a six month period in 2004, a complete of 3.6 million households had been affected by identity theft.

Identity theft can also have extreme consequences for businesses. Identity theft statistics show that it may cost a company up to $90,000 or more when just 1 laptop is stolen. These fees include fines, credit monitoring, public relations damage manage and class action litigation.

45% of all identity theft instances are caused by stolen laptops. The second most frequent issue was information leaks from records lost by third part business partners or outsourcing companies. This 2nd component makes up about 29% of all the cases.

The Identity Theft Resource Center says that, “Studies on the total cost of identity theft vary. One study said that identity theft price U.S. Companies and consumers $56.6 billion in 2005.”

A survey done by the Identity Theft Resource centre in the spring of 2006 demonstrated some frightening results with regards to phishing. Out of 309 individuals surveyed, 165 individuals said they didn’t know what phishing was, whilst only 77 individuals answered properly. For much more info see http://www.preventidentitythefthelp.com/Identity_Theft_Protection on identity theft protection.

The Javelin record from 2005 however indicated that offline/traditional methods of identity theft were nevertheless more popular than on the internet methods. The identity theft statistics they gave had been 68.2% offline and 11.6 on the internet.

In conclusion, even though the amount of grownup victims of identity theft has decreased since 2003, the quantities involved have enhanced, and identity theft remains a very serious crime. Most criminals involved in identity theft are still using offline techniques but we should also be cautious of on the internet techniques such as phishing. The figures themselves may differ depending on various reports but the truth remains the exact same, these identity theft statistics are a cause to inform yourself about identity theft and take much better precautions to guard yourself.

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