You are a SPECIAL Librarian! You are a Military Librarian!

Tag Archive | "financial crime and fraud"

From AARP: Identity Theft: Who’s At Risk?

Identity Theft: Who’s At Risk?
Source: AARP Research

This AARP Fraud Watch Network study aimed to assess Americans’ habits around protecting their personal and financial information. Overall, the study finds that many are not taking precautions necessary to reduce their risk of identity theft.

Posted in Links, Web/TechComments Off on From AARP: Identity Theft: Who’s At Risk?

Identity Theft: Trends and Issues

Identity Theft: Trends and Issues (PDF)
Source: Congressional Research Service (via Federation of American Scientists)

In the current fiscal environment, policymakers are increasingly concerned with securing the economic health of the United States—including combating those crimes that threaten to undermine the nation’s financial stability. Identity theft is one such crime. In 2012, about 12.6 million Americans were reportedly victims of identity fraud, and the average identity fraud victim incurred a mean of $365 in costs as a result of the fraud. Identity theft is often committed to facilitate other crimes such as credit card fraud, document fraud, or employment fraud, which in turn can affect not only the nation’s economy but its security. Consequently, in securing the nation and its economic health, policymakers are also tasked with reducing identity theft and its impact.

Posted in Current Events, Links, Web/TechComments Off on Identity Theft: Trends and Issues

Victims of Identity Theft, 2012

Victims of Identity Theft, 2012
Source: Bureau of Justice Statistics

Presents findings on the prevalence and nature of identity theft from the 2012 Identity Theft Supplement to the National Crime Victimization Survey. Identity theft is defined as the unauthorized use or attempted use of existing accounts, or the unauthorized use or attempted use of personal information to open a new account or for other fraudulent purposes. The report details the number and percentage of persons age 16 or older who reported at least one incident of identity theft over the past year. It describes how the personal information was obtained, financial losses due to identity theft, victim reporting to credit bureaus and police, and the impact of identity theft on victims’ lives. The report also presents a lifetime prevalence rate for identity theft and information on the preventative actions taken to avoid becoming a victim of identity theft.

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.

Posted in LinksComments Off on Victims of Identity Theft, 2012

Translate:

DMIL on Facebook

Military Libraries Division of the Special Libraries Association shared a link. ... See MoreSee Less

Sun February 18th  ·  

View on Facebook

Gravityscan Badge

Follow Us On:

Categories

Blog Archives