CHANTILLY, Va. Feb. 8, 2011 Javelin Strategy & Research the United States $56 billion to $37 billion $387 $631
The survey, now in its eighth consecutive year, is the nation’s longest-running study of identity fraud, with approximately 38,000 U.S. respondents over the past eight years. It is built on FTC methodology and evolves each year to address new and emerging threats and technologies.
James Van Dyke
Intersections’ Insights & Recommendations
The findings in this year’s study indicate that fraudsters are taking advantage of loopholes and blind spots like non-credit fraud, which is rarely reported to credit bureaus and can offer them greater success in compromising personal and financial information as a result.
- New Account Fraud Tops All Others: $17 billion
- Physical Address Change is #1 Means of Account Takeover: Services that monitor
- Most Victims Discovered They Had Been Victimized through Bank & Credit Card Company Notifications: early fraud detection system
- Mean Resolution Time is Increasing:
Early Warning Fraud System
personal Identity Guard® TotalProtection(SM)
Javelin is the leading independent provider of quantitative and qualitative research focused exclusively on financial services topics. Based on the most rigorous statistical methodologies, Javelin conducts in-depth primary research studies to pinpoint dynamic risks and opportunities. Javelin helps its clients achieve their initiatives through three service offerings, including syndicated research subscriptions, custom research projects and strategic consulting. Javelin’s client list includes some of the largest banks, credit unions, card issuers, and technology enterprises in the financial services industry.
SOURCE Intersections Inc.