Javelin's 2008 Identity Fraud Survey Report
Javelin Strategy and Research has published its 2008 Identity Fraud Survey Report finding that identity fraud is declining in most parts of the United States with a losses down about 12 percent over 2006. Javelin's James Van Dyke notes, however, that "there's a catch. In a back-to-the-future scenario, there was a sharp increase in "old-fashioned" mail and telephone fraud, including Vishing. These methods grew from 3% to 40%, pointing to thieves’ new creativity in gathering personal information by mail and telephone."
“Javelin’s 2008 Report confirmed what we believe to be true: that while fraud is declining, it is still a concern for the American public,” said James Van Dyke, president and founder of Javelin Strategy & Research. “The good news is the leadership role many businesses are taking in educating consumers about ID fraud risk factors is paying off. Still, fraudsters are getting creative and leveraging new techniques to commit fraud, so Americans need to be as diligent as ever in protecting their personal information.”
“The 2008 Javelin Report clearly identifies how significantly identity fraud impacts consumers,” said Steve Cole, president and CEO, Council of Better Business Bureaus. “For every headline-grabbing data breach there are many businesses setting good examples, but businesses must continue to fight the issue with more consumer education and best-practices to safeguard customer data.”
Funding for the survey was provided by CheckFree, Visa and Wells Fargo.
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