Identity Theft

There are three types of identity theft:

  1. Unauthorized use or attempted use of an existing Account
  2. Unauthorized use or attempted use of personal information to open a new account
  3. Misuse of personal information for a fraudulent purpose.

Highlights:

  • About 7% of persons age 16 or older were victims of identity theft in 2012.
  • The majority of identity theft incidents (85%) involved the fraudulent use of existing account information, such as credit card or bank account information.
  • Victims who had personal information used to open a new account or for other fraudulent purposes were more likely than victims of existing account fraud to experience financial, credit, and relationship problems and severe emotional distress.
  • About 14% of identity theft victims experienced out-of-pocket losses of $1 or more. Of these victims, about half suffered losses of less than $100.„„
  • Over half of identity theft victims who were able to resolve any associated problems did so in a day or less; among victims who had personal information used for fraudulent purposes, 29% spent a month or more resolving problems.

 

Bureau of Justice Statistics

http://www.bjs.gov/index.cfm?ty=pbdetail&iid=4821

 

Identity Theft 2014 Legislation

Below is a link of state legislation introduced or pending during the 2014 legislative session relating to identity theft. Legislation in 30 states and Puerto Rico is pending in the 2014 legislative session and includes legislation regarding criminal penalties, identity theft passports and identity theft prevention. Nineteen bills have been enacted in 2014.

 

National Conference of State Legislatures (NCSL)

http://www.ncsl.org/research/financial-services-and-commerce/identity-theft-2014-legislation.aspx

 

 

 

Print Print | Sitemap
© DigiBrains LLC