US ID theft losses decline

Tuesday, 6 February 2007, 5:19 AM EST

US identity theft losses dropped 11.5 per cent last year to $49.3bn, according to a new study.

The third annual study on the crime by Javelin Strategy & Research attributes the decline in identity theft from a high of $55.7bn in 2005 to greater awareness among both consumers and businesses. The study bucks the trend in previous studies by Javelin and other US fraud watchers, which have consistently portrayed ID theft as the fastest-growing online crime.

At The Register.

[ Read more ]




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