Javelin Study Concludes Identity Fraud Declining In US
Javelin Strategy & Research has released its 2007 Identity Fraud Survey Report, saying it provides "compelling new information about the reduction of identity fraud across the United States, while also identifying important risk differentiators between age and income demographics." According to the report, identity fraud has declined by about 12 percent over the previous year - that translates into a total fraud reduction of $6.4 billion according to Javelin. The survey is co-sponsored by CheckFree, Visa and Wells Fargo & Company.
"While identity fraud is still a serious criminal issue in the United States, Javelin's new study points to significant identity fraud reduction as a direct result of changes in industry and consumer behaviors," says James Van Dyke, Javelin's president and founder, who oversaw the Identity Fraud Survey Report for the third consecutive year. "Thanks in part to comprehensive data protection, fraud monitoring, and consumer education, we now have more effective methods to quickly catch - or even prevent - fraud before it occurs by utilizing common online technologies such as electronic banking and bill payment.""The trends revealed in Javelin's latest comprehensive report on identity fraud are a call to action for more consumer education and show its ability to build trust and confidence in today's marketplace," said Steve Cole, president and CEO, Council of Better Business Bureaus.
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