Feeds

US ID theft losses decline

Gimme shelter

Intelligent flash storage arrays

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. ®

Top 5 reasons to deploy VMware with Tegile

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.