Identity Fraud Fell 28 Percent in 2010 According to New Javelin Strategy & Research Report

The 2011 Identity Survey Report, released today by Javelin Strategy & Research (www.javelinstrategy.com), reports that in 2010 the number of identity fraud victims decreased by 28 percent to 8.1 million adults in the United States, three million fewer victims than the prior year. Total annual fraud decreased from $56 billion to $37 billion, the smallest amount in the eight years of the study. While overall fraud declined, consumer out-of-pocket costs rose significantly, mainly due to the types of fraud that were successfully perpetrated and an increase in “friendly fraud.”

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