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Since the FTC instituted
its Identity Theft program in 1998, Identity Theft complaints
have nearly doubled each year. In 2003, there were half
a million consumer fraud and Identity Theft complaints,
totaling $400 million in losses.
- The Federal Trade Commission has declared Identity
Theft as the fastest growing crime today.
- Someone's identity is stolen every 20 seconds.
- As of September 2003, 27.3 million Americans
have been victims of Identity Theft in the last
five years, including 9.9 million people in 2003
alone. That means about 3 out of every 100 Americans
are victims of Identity Theft.
- A July 2003 study by Gartner, Inc. found that
there was a 79 percent increase in Identity Theft
in the past year alone.
- In 2003, Identity Theft was the cause of $48
billion in losses to businesses and financial institutions
and over $5 billion in losses to consumers in out-of-pocket
expenses.
- Since 1998, 27.3 million Americans have been
victims of Identity Theft.
- The U.S. Secret Service has estimated that consumers
nationwide lose $745 million to Identity Theft each
year.
- According to the Identity Theft Resource Center,
the average victim spends 60 hours to clear his
or her credit records.
- The Federal Trade Commission estimates that Identity
Theft costs the average victim $1,000.
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Facts
and Statistics
