I have some personal experience with the subject matter below. About a year ago my credit card number was lifted at a gas station near my home in CA. And while the heinous criminals only used it to buy some music online it still felt pretty weird when I understood how easy it was for my financial firewalls to be compromised.
Now with smart phones about to take on the roll of credit cards processors and payment devices through apps like Square Up and Google Wallet, security will surely be compromised. Oh well, as long as it doesn’t interfere with Pinterest addiction, who cares?
Research and Markets (http://www.researchandmarkets.com/research/a081baa7/2012_identity_frau) has announced the addition of Javelin Strategy & Research’s new report “2012 Identity Fraud Report: Social Media and Mobile Forming the New Fraud Frontier” to their offering.
Identity fraud experienced an increase in incidence rate, affecting 4.90% of U.S. adults in 2011. Despite the increase, total fraud amount has not moved in tandem, staying steady from the previous year. The increase in existing card account fraud, which enjoys the lowest mean fraud amount of the three major types of fraud, has been the root of this disparate movement.
Javelin has taken a deep look into emerging technologies such as social media sites and mobile devices to see how their increasing ubiquity has affected user risk. The Javelin 2012 Identity Fraud Report provides a detailed, comprehensive analysis of identity fraud in the United States to help consumers and businesses better understand the effectiveness of methods used for its prevention, detection, and resolution of fraud.
A representative sample of 5,022 U.S. adults, including 818 fraud victims, providing insight into this crime and its effect on victims. This report is supported by the Better Business Bureau, issued as a longitudinal update to the Javelin 2005, 2006, 2007, 2008, 2009, 2010, and 2011 Identity Fraud reports and the Federal Trade Commission’s 2003 report.
Methodology
The Javelin Identity Fraud Report provides consumers and businesses an in-depth and comprehensive examination of identity fraud in the United States. Its purpose is to help readers understand the causes and incidence rates of identity fraud and the success rates of methods used for its prevention, detection and resolution.
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