30% of US consumers were victims of data breach

30% of consumers were victims of a data breach during the last 12 months. Less than 1% of those whose data was lost were actually victims of identity fraud. Data breaches were responsible for only 6% of all known cases of identity fraud in both new and existing accounts, Javelyn Research says.

154 brands hijacked by phishers in July 2006

The Anti-Phishing Working Group (APWG) reported that the number of brands hijacked by phishers in July 2006 leapt to a record high of 154, up 20% from June 2006 and more than 12% from the previous high. The APWG’s July report showed a drop in the number of reported phishing campaigns from 28,571 to 23,670, a substantial decreased but still far above the mean of the previous 12 months. At the same time, however, the number of new phishing sites reported rose to a record 14,191, more than 18% higher than the previous high.

40% Americans think that identity theft is most likely to happen to Internet users

Identity Theft Resource Center and Fellowes, Inc. found that 81% of Americans are aware that identity theft can happen at any time and 65% are using tools to protect themselves. Consistent misperceptions about identity theft crimes and victims cause 50% of Americans to feel vulnerable. The biggest misperception is that Americans believe technology makes them more vulnerable to identity fraud, as nearly 40% of respondents said identity theft is most likely to occur through online exchanges. In reality, online exchanges only represent 9% of the crime, whereas the majority of identity fraud occurs through paper documents and stolen information

9% of students respond to e-mails asking for information

In CompUSA TechInsights survey of college students nationwide, nearly 88% of respondents said they keep personal files on their computers. 41%% of the students surveyed weren’t sure or didn’t know what phishing was. 9% admitted they had responded to e-mails asking for information, such as bank account numbers and passwords. 21% of respondents confessed they had given or had been tempted to give sensitive personal information over the Internet when they weren’t confident in the security of the Web site.

4% of US college graduates click on suspicious links within emails

Harris Interactive and Wall Street Journal asked Americans regarding their actions when they receive a suspicious e-mail from their bank or financial institution.

What do you do when you receive a suspicious email from a financial institution?
Total High School Some College College Grad
Delete it 52 47 48 60
Report it or confirm it
with the financial institution
39 31 39 48
Go to the company’s website
on my own to check my account
36 30 38 40
Click on the link provided
in the email to check my account
3 2 4 4
Other 3 4 3 3
Nothing 3 3 4 2
I have never received emails from
a financial institution or other
company I have an account with.
17 26 16 9
Source: Harris Interactive

16% of Americans have seen their credit card used without their permission

Harris Interactive asked Americans about facing identity theft in their past.

How Americans suffered from identity theft
  Total <$35K <$49.9K <$74.9K $75K+
My credit card or debit card
was used by someone I don’t
know without my permission.
16% 12% 17% 14% 22%
My identity was used to open a
phone, utility or other type of account.
3 3 3 2 3
My personal information was used for
non-financial fraud, such as on tax forms,
to gain employment, to obtain healthcare
or prescription drugs, to avoid criminal
prosecution, or in other ways.
2 1 2 1 2
A mortgage or line of credit I didn’t
authorize was opened in my name.
1 1 1 2 1
My identity was stolen and
used in some other way.
6 7 4 3 6
None of these 77 79 76 80 70
Source: Harris Interactive

72% of Americans shred any mail that has account numbers

Harris Interactive and Wall Street Journal surveyed Americans on which steps they have taken to prevent identity theft.

Steps taken to prevent identity theft
  Total <$35K <$49.9K <$74.9K $75K+
Watch for suspicious
activity on accounts
73 64 79 80 78
Shred mail that has
my account numbers
72 62 74 77 77
Limit access to my
Social Security number
69 66 73 67 68
Check my credit reports 41 34 33 37 53
Limit the purchases
I make online
30 31 41 26 24
Limit my online
banking transactions
24 22 27 24 21
Signed up for a
credit-monitoring service
8 6 6 8 11
Other 5 7 6 3 2
I have not taken any steps
to prevent identity theft.
8 12 4 8 5
Source: Harris Interactive

57% of US businesses are losing money to cybercrime

57% of the US businesses said they are losing more money through cybercrime by way of lost income, the loss of current and potential customers, and decreased employee productivity than from conventional crime. 75% of US IT executives surveyed said some of the threat to their corporate security came from inside their own organisations, while 84% believed that criminal hacker groups were increasingly replacing lone hackers as the perpetrators of cybercrime. 58% of chief information officers across international businesses said cybercrime was costing them more than physical crime.

Number of phishing Web sites up 65% in December 2005

The number of phishing Web sites grew by about 65% in December 2005. The Anti-Phishing Working Group reported that although the number of phishing emails fell between November 2005 and December 2005, the number of fraudulent Web sites increased from 4,630 to 7,197, which is a new record.

30% of US identity fraud is new account fraud

Javelin data indicates that 87% of consumers monitor their credit reports only once a year or less. Although new account fraud represents only 30% of the $52.6 bln in US annual identity fraud, it remains a primary concern since it is more difficult for consumers to detect and results in higher average per case losses. There is an outstanding opportunity for FIs to enhance loyalty and gain revenue by offering reasonably priced credit monitoring services to this vast majority of inactive consumers.

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43% of Internet users change their online behavior due to identity theft fears

75% of respondents to Opinion Research survey are taking measures to protect their data and personal information when they are online because they are afraid of identity theft (43%), loss of money (24%) and harm to how well they score with US credit agencies (13%). 70% of respondents will only use Internet shopping sites that display a security protection seal, while 64% will not conduct online transactions on a shared computer, the survey found. 50% of users don’t use public wireless networks, such as hotspots in airports or coffee shops, 38% don’t bank online and 37% will not use credit card information online.

685K identity theft complaints filed in 2005

Some 685,000 consumer complaints on identity theft were filed with FTC in 2005, with victims reporting losses of $680 mln. In 2005, 49 consumers reported losing $1 mln or more during 2005, the FTC said, compared with 42 in 2004. Nearly 14,000 victims said they’d lost over $5,000 to a con artist, a steep jump from just over 11,000 in 2004. Average losses were $2,400 per victim; median losses were $350. In 2004, the average was $1,846 and the median was $263.

26.7% of college grads in metropolitan areas make $100K or more

The Hispanic adult population increased by 16% in metropolitan markets from 2002 to 2004, while the number of Hispanic college graduates increased by 22%, The Media Audit says. The number of Hispanic college graduates increased by 806,000 from approximately 3.6 mln to 4.4 mln. The 4.4 mln includes more than 1.3 mln with advanced degrees.

63.5% of all college graduates have an annual income of $50,000 or more, while 63.2% of Hispanic college graduates have annual incomes of $50,000 or more. 42.8% of all college graduates have incomes of $75,000 or more, while 41.7% of Hispanic college graduates have incomes of $75,000 or more. 26.7% of all college graduates and 24.1% of Hispanic college graduates have household incomes of $100,000 or more. 11% of all college graduates and 8.4% of Hispanic graduates earn $150,000 or more annually.