ID Theft Declines, But Losses Per Victim Increase
Christopher Conkey reports for the Wall St. Journal on new research by Javelin Strategy & Research and the Better Business Bureau to be released tomorrow that concludes that about 8.9 million people in the US had their personal data stolen last year as compared to 9.3 million people in 2004.
The research also concludes that the average fraud loss per victim was $6,383 in 2005, up over 8 percent from $5,885 in 2004.
It's getting more challenging to commit these crimes," said James Van Dyke, founder and principal analyst of Javelin of Pleasanton, Calif. "Criminals are building up more expertise, and they have to soak victims for more money."More information available from this Javelin press release.
Add your comment... (note that all comments are reviewed before they're published)