Over Nine Million Identity Thefts in 2004
The Better Business Bureau reports that more than nine million identity thefts occurred last year. How they happened may surprise you.
Wednesday, January 26, 2005
Contrary to popular belief, more identity theft crimes originate with paper transactions than with Internet-based activity. Moreover, the average loss in a fraud detected online was just $551 … while the figure is more than $4,500 when personal statements and bills are the source of the crime. One reason is this: People accessing accounts on line detect the theft sooner than those waiting for monthly statements to come in the mail. Over 9 million identity thefts occurred in 2004 … down from the year prior. A lost or stolen wallet or checkbook is often the starting point…and more than half of all identity theft is committed by someone known to the victim.