OT: Shocking No. 1 Source of Identity Theft

Discussion in 'Fibromyalgia Main Forum' started by JLH, Sep 16, 2006.

  1. JLH

    JLH New Member

    Shocking! No. 1 Source of Identity Theft

    About half of all identity theft is committed by close friends and relatives, who lift a wallet or pocketbook and not only steal the bills and credit cards inside, but also the identity that goes with it.

    That's the shocking conclusion of a new survey of 4,000 consumers, about 500 of whom were identity theft victims, that was conducted by Javelin Research and the Better Business Bureau for CheckFree Services Corp., Visa USA, and Wells Fargo Bank, report MarketWatch and The Associated Press.

    The most frequently cited sources of identity theft:

    * Lost or stolen wallet: 29 percent
    * Corrupt employees: 9 percent
    * Stolen mail: 8 percent
    * Spyware on the computer: 5 percent
    * Sifting through garbage: 2.6 percent
    * Computer viruses: 2.2 percent
    * "Phishing" through fraudulent e-mail: 1.7 percent

    If a relative or friend rips off your wallet, you're also likely to pay more in dollar terms than if a stranger steals your identity. MarketWatch reports that families and friends made off with $15,607 on average, compared with the $9,243 on average stolen through mail theft, and $2,320 ripped off in online scams.

    But here's another cold fact: In fully 75 percent of the cases of identity theft, the victim has no clue who committed the crime.

    The most difficult form of identity theft to detect is new account fraud. This occurs when a new credit card account is set up using the victim's personal information. This also tends to result in the highest dollar hit. New account fraud leads to a $12,646 hit per victim on average, compared with $9,912 for existing non-credit-card accounts and $5,803 for existing credit-card accounts, reports MarketWatch.
  2. hugs4evry1

    hugs4evry1 New Member

  3. 69mach1

    69mach1 New Member

    comcast employee was getting a warrant served...on them...it is called phishing...people will pay other people at companies to call and get the digits on the back of credit/atm cards and give them all the info..

  4. Lendy5

    Lendy5 New Member

    It seems like every where you go they wanna know your social security number. I am hesitant to provide this information just for this reason.

    I have met people that have had their credit ruined because of identity theft.

    Thanks for posting this.

    [This Message was Edited on 09/17/2006]
  5. JLH

    JLH New Member

    At least our insurance company finally got wise and quit using our social security numbers as our ID number on our policy -- they gave everyone new ID numbers.

    Has anyone ever had a family member or close friend steal their identity for purposes of getting a credit card or anything? Just curious.