ID Theft Update

Recent reports suggest that identity theft is on the decline, so new data from the Federal Trade Commission (FTC) makes for interesting reading. According to its findings, identity theft remains the number one consumer complaint received by the Federal Trade Commission (FTC), accounting for 32 percent of all fraud complaints in 2007. Some 258,427 identity theft complaints were reported to the FTC in 2007, up 5 percent on the previous year. Credit card fraud (23 percent) continues to be the most common form of reported identity theft, followed by phone or utilities fraud (18 percent), employment fraud (14 percent) and bank fraud (13 percent). Other significant categories of identity theft reported by victims were government documents/benefits fraud (11 percent) and loan fraud (5 percent). By the way, the metropolitan areas with the highest per capita rates of reported identity theft are Napa, California; Madera, California; and Greeley, Colorado. Check out further I.I.I. info on identity theft.  

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