Feeds

US ID theft losses decline

Gimme shelter

Beginner's guide to SSL certificates

US identity theft losses dropped 11.5 per cent last year to $49.3bn, according to a new study.

The third annual study on the crime by Javelin Strategy & Research attributes the decline in identity theft from a high of $55.7bn in 2005 to greater awareness among both consumers and businesses. The study bucks the trend in previous studies by Javelin and other US fraud watchers, which have consistently portrayed ID theft as the fastest-growing online crime.

Javelin reckons 8.4m adult US citizens (about four per cent) were the victims of ID theft last year, compared to 8.9m in 2005. Young adults (under 25), African-Americans and the rich were more likely to suffer from the crime.

For individual unfortunate enough to have criminals impersonate them in securing fraudulent lines of credit, mean losses fell nine per cent to $5,720 from $6,278. Median losses - where half the sample set are larger and half are smaller - remained the same at $750.

Javelin's figure came from a phone poll of 5,000 people, 469 of which said they were fraud victims. The study was sponsored by Visa and US bank Wells Fargo. ®

Protecting users from Firesheep and other Sidejacking attacks with SSL

More from The Register

next story
Spies would need SUPER POWERS to tap undersea cables
Why mess with armoured 10kV cables when land-based, and legal, snoop tools are easier?
Early result from Scots indyref vote? NAW, Jimmy - it's a SCAM
Anyone claiming to know before tomorrow is telling porkies
Jihadi terrorists DIDN'T encrypt their comms 'cos of Snowden leaks
Intel bods' analysis concludes 'no significant change' after whistle was blown
Israeli spies rebel over mass-snooping on innocent Palestinians
'Disciplinary treatment will be sharp and clear' vow spy-chiefs
TOR users become FBI's No.1 hacking target after legal power grab
Be afeared, me hearties, these scoundrels be spying our signals
Hackers pop Brazil newspaper to root home routers
Step One: try default passwords. Step Two: Repeat Step One until success
China hacked US Army transport orgs TWENTY TIMES in ONE YEAR
FBI et al knew of nine hacks - but didn't tell TRANSCOM
Microsoft to patch ASP.NET mess even if you don't
We know what's good for you, because we made the mess says Redmond
NORKS ban Wi-Fi and satellite internet at embassies
Crackdown on tardy diplomatic sysadmins providing accidental unfiltered internet access
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Protecting users from Firesheep and other Sidejacking attacks with SSL
Discussing the vulnerabilities inherent in Wi-Fi networks, and how using TLS/SSL for your entire site will assure security.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.