Now in its fifth consecutive year, the comprehensive survey is independently produced by Javelin Strategy & Research. It is the nation's longest-running study of identity fraud, with 24,000 U.S. respondents over the past five years. Identity fraud is defined as the unauthorized use of another person's personal information to achieve illicit financial gain. In October 2008, nearly 4,800 telephone interviews with U.S. consumers identified important findings about the impact of fraud while at the same time uncovering both areas of progress and concern for Americans.
"Javelin's 2009 Identity Fraud Report highlights that fraud is increasing but it is being caught more quickly; consumer costs are declining; and crimes of opportunity, such as information from lost wallets, still comprise the vast majority of incidents," said James Van Dyke, president and founder of Javelin Strategy & Research. "The good news is research shows consumers have more control than they may think and more of them are actively taking steps to protect themselves. Additionally, the financial industry has made significant strides to resolve fraud incidents for their customers and put stronger controls in place to limit fraud, which is lessening the impact of this crime."
Other findings in this year's report reinforce the trend that when the cause of fraud is known by the victim, criminals are frequently obtaining personal information from stolen physical belongings. Stolen ATM/Debit personal identification
Javelin Strategy & Research