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Statistics On Online Identity Theft
Recent Internet identity theft statistics reveal that identity theft is fastest growing white collar crime in the United States. It has been reported by the Federal Trade Commission that one in six Americans becomes victim of online identity theft every year. |
Online identity thefts occur mostly on websites we trust and on social networking sites. Online identity thefts affects young and old similarly. While most adults are careful while putting information on social networking sites college students and some older adults are totally ignorant about online identity theft and thus easily become the prey of online identity theft. Online identity theft credit report statistics for college students and teenagers are alarming as credit card company representative hoodwink teenagers into revealing their personal information like social security number or credit card number. The typical teenager is oblivious to the threat of online identity theft and revels all the personal information to the imposter thus easily become the victim of online identity theft.
Online identity theft is difficult to detect because the thief is not physically involved in the theft and he doesn’t steal our information. Instead, we unknowingly handover the information to the thieves. In 80 percent of cases, internet identity theft is identified by consumers themselves. Most financial institutions engaged in online transaction lack internet security software like anti-spyware and anti-virus software to detect online identity theft until the victim has suffered huge financial loss.
Over 10 million cases of online identity theft have been reported since 2000, with annual increase of over 80 percent. The estimation is that the exact number of online identity theft may be twofold in next few years since most identity theft remains undetected for substantial time before it is recognized.
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Statistics On Online Identity Theft
