Facts and Figures to Prove the Toll of Identity Theft

These facts and figures may shock you a bit butis about theft.
remember that it is more advantageous to have6. The most common form of identity theft is credit
knowledge about identity theft as it would help you incard fraud.
the battle against it. Do not wait for those phone calls7. 19% of identity theft cases involve utilities or phones.
to come reporting of unusual activities happening in8. Bank frauds eat up 18% of the total 635,000 in
your accounts.cases of stolen identities.
1. Based on studies by experts, more than half of the9. The state where the crime is most likely to take
identity cases they have handled are done by peopleplace is no other than Phoenix, Arizona. This is the
that a victim knows. These thieves usually turn out tostate where the highest reports on identity theft can
be their friends, relatives, or officemates.be found. Next to it is Riverside, Ontario and third place
2. In 2004, there has been 10 million reported case ofis Las Vegas,
theft and the worse thing is that a big percentage of10. The age group where the crime is most likely to
the cases took place OFFLINE. An 11.6 percent willattack is from the age bracket between 18-29 while
prove that it is not the time spent on one's computerthose under the bracket of 60 and above is
that is hovering but the information we dish-out in ourconsidered to be the safest.
everyday routine.The figures above are enough to prove that indeed,
3. Early detection of identity theft will cost a victimidentity theft is a serious crime and should never be
$500 and at least 30 hours on court trials.taken for granted. And because Experts believe that it
4. There are at least 27 million Americans over the lastis America's fastest growing and is also considered to
5 years who have had experienced or was oncebe one of the most destructive crime, we should take
involved in stolen identity cases. Yes it is that rampantall necessary precautions. We should always be
and that is according to a study conducted by theaware where and to whom we give off our personal
Federal Trade Commission.information. We never know who is on the lookout for
5. In the year 2004, there have been a total of 635,000that information. Even the people we trust can be
complaints received by Federal Trade Commissionsuspects.
61% of which is connected to fraud and 39% of which