Identity Theft Remains Top Fraud Complaint - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

Identity Theft Remains Top Fraud Complaint

Thirty-nine percent of all complaints filed in 2004 were related to identity theft, which is a 1% decline from 2003, according to a newly released FTC report.

Identity theft continues to be the top fraud-related complaint, according to government statistics released Tuesday by the Federal Trade Commission.

The total number of complaints rose 17%, from 542,378 in 2003 to 635,173 in 2004, according to the report, National And State Trends In Fraud And Identity Theft.

According to the report, 39% of all complaints filed in 2004 were related to identity theft, which is a 1% decline from 2003.

Another top fraud-related complaint was Internet auctions, which garnered 16% of the total number of complaints filed last year. Others include shop-at-home/catalog sales (8%), Internet services and computer complaints (6%), and foreign money offers (6%).

Credit-card fraud topped the list at 28% as the most common type of identity theft, followed by phone and utility related fraud (19%), bank fraud (18%), and employment fraud (13%).

The FTC says consumers reported total fraudulent losses of $547 million last year, with the median loss at $259.

The complete report can be found here.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
State of the Cloud
State of the Cloud
Cloud has drastically changed how IT organizations consume and deploy services in the digital age. This research report will delve into public, private and hybrid cloud adoption trends, with a special focus on infrastructure as a service and its role in the enterprise. Find out the challenges organizations are experiencing, and the technologies and strategies they are using to manage and mitigate those challenges today.
Slideshows
IT Careers: Top 10 US Cities for Tech Jobs
Cynthia Harvey, Freelance Journalist, InformationWeek,  1/14/2020
Commentary
Predictions for Cloud Computing in 2020
James Kobielus, Research Director, Futurum,  1/9/2020
News
What's Next: AI and Data Trends for 2020 and Beyond
Jessica Davis, Senior Editor, Enterprise Apps,  12/30/2019
Register for InformationWeek Newsletters
Video
Current Issue
The Cloud Gets Ready for the 20's
This IT Trend Report explores how cloud computing is being shaped for the next phase in its maturation. It will help enterprise IT decision makers and business leaders understand some of the key trends reflected emerging cloud concepts and technologies, and in enterprise cloud usage patterns. Get it today!
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll