Resources
See latest resources ยป
US trends in fraud and identity theft

US trends in fraud and identity theft

Source:

Between January and December 2003, Consumer Sentinel, the complaint database developed and maintained by the US Federal Trade Commission, received over half of a million consumer fraud and identity theft complaints.

The FTC says identity theft was the most common complaint for the fourth consecutive year, accounting for 42% of all reports lodged on Sentinel. Of the 516,740 complaints received in 2003, 214,905 were identity theft reports, representing a two per cent rise on the 2002 ratio.

Web-related complaints accounted for 55% of all reports, up from 45% in 2002. Internet auctions accounted for 15% of complaints reported.

In total, consumers reported losses from fraud of more than $400 million.

Download the document now 1.25Mb PDF

Comments: (0)

Research resources
See all Research resources »
Central Bank Digital Currency and Monetary Policy
Research

Central Bank Digital Currency and Monetary Policy

A Bank of Canada investigation into the benefits and costs of issuing a central bank digital currency for monetary policy.

Data in the payments industry
Research

Data in the payments industry

The UK's Payment Systems Regulator starts a conversation on how data is used in payment systems and explores the potential barriers to its objectives.

Conversational commerce
Research

Conversational commerce

Mastercard previews the new opportunities for payments arising from advances in natural language processing and conversational commerce.