ID theft hits 10m Americans a year

Monday, 8 September 2003, 1:48 PM EST

A staggering 27.3 million Americans have been victims of identity theft in the last five years, according to Federal Trade Commission survey out this week. In the last year alone, 9.9 million people have had their identity purloined.

Identity theft cost businesses and financial institutions nearly $48 billion and consumer victims reported $5 billion in out-of-pocket expenses last year, according to the FTC.

"Identity theft is affecting millions of consumers and costing billions of dollars," said Howard Beales, Director of the FTC's Bureau of Consumer Protection. "This information can serve to galvanize federal, state, and local law enforcers, the business community, and consumers to work together to combat this menace."

[ Read more ]

Related items




Spotlight

How to talk infosec with kids

Posted on 17 September 2014.  |  It's never too early to talk infosec with kids: you simply need the right story. In fact, as cyber professionals itís our duty to teach ALL the kids in our life about technology. If we are to make an impact, we must remember that children needed to be taught about technology on their terms.


Weekly newsletter

Reading our newsletter every Monday will keep you up-to-date with security news.
  



Daily digest

Receive a daily digest of the latest security news.
  

DON'T
MISS

Fri, Sep 19th
    COPYRIGHT 1998-2014 BY HELP NET SECURITY.   // READ OUR PRIVACY POLICY // ABOUT US // ADVERTISE //