Posted By: robinpets on
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Identity Theft on the Decline
Posted By: meatwad on
netbuzz passed us a link discussing a survey conducted by major credit firms. Keeping in mind the source (CheckFree, Visa, and WellsFargo), the results indicate identity theft may be on the downswing as consumers wise up to scammers. The number of respondents that reported a fraudulent account created with a stolen identity dropped by a full half percentage point between 2005 and 2006. Overall fraud apparently dropped by some 12% over last year, representing $6.4 billion in fraud reduction. Again, consider the source: identity fraud is still apparently costing some $49.3 billion annually.
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