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The Resource Center Identity Theft & Protection | post

Good News – ID Fraud Declines in 2010. Bad News – It Costs Consumers More and Is Harder to Detect

by Identity Guard on

Javelin Strategy and Research released the 2011 Identity Fraud Survey Report today. The good news is that for the first time since Javelin began conducting surveys in 2003, identity fraud in the United States claimed fewer victims. However, the bad news is that out-of-pocket costs to consumers increased significantly.

The increase in out-of-pocket costs is due to new account fraud and by what is known as "friendly fraud," identity fraud committed by criminals on family members and friends, which may also be harder to detect.

Javelin Strategy and Research released the following video which summarizes the findings of their 2011 survey.

We’ve put together a series of recommendations based on the report findings to help you protect your identity from new threats.

Learn more about identity theft protection.

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