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Identity Fraud Incidents are Down While Consumer Costs are up According to Javelin Strategy and Research’s 2011 Identity Fraud Survey Report

CHANTILLY, Va. Feb. 8, 2011 Javelin Strategy & Research the United States $56 billion to $37 billion $387 $631

Intersections Inc. identity theft Michael Stanfield

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

findings of the Javelin report

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.  

Intersections

  • New Account Fraud Tops All Others: $17 billion

  • Mean Resolution Time is Increasing:

Early Warning Fraud System  

personal Identity Guard® TotalProtection(SM)

About Intersections

North America www.identityguard.com the Identity Theft Assistance Center

http://www.IDGuardian.com IDGuardian

About Javelin Strategy & Research

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.

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